N.M. Admin. Code § 5.100.7.14

Current through Register Vol. 35, No. 21, November 5, 2024

Section 5.100.7.14 - REPORTING REQUIREMENTS

A. Licensed institutions shall annually submit a standard reporting form on a deadline set by the department and make available to the prospective student.

B. The department shall promulgate a standard form for annual reporting including, but not limited to:

(1) curriculum and enrollment information;

(2) financial information;

(3) completion rates for both full-time and part-time students;

(4) withdrawal rates of students;

(5) satisfaction of students and employers;

(6) median combined loan debt for federal loans, institutional loans and private loans certified by the institution, for all students who completed the most recently completed award year;

(7) placement rates;

(8) median earnings at ten years after entering the institution of former students of the institution who received federal financial aid, if available;

(9) all publication material requested by the department; and

(10) certification of compliance with current New Mexico administrative code or statutes applicable to post-secondary educational institutions.

C. An institution must comply with reporting requirements in order to be eligible for annual license renewal.

D. An institution renewing application with the department must submit required reporting and maintain records of the institution's efforts to provide the information of this section to prospective student for at least five years after the student enrolls at the institution.

N.M. Admin. Code § 5.100.7.14

Adopted by New Mexico Register, Volume XXVIII, Issue 24, December 26, 2017, eff. 12/26/2017, Amended by New Mexico Register, Volume XXXI, Issue 24, December 29, 2020, eff. 12/29/2020