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A new federal era of program-level student outcomes accountability has arrived.

Federal earnings reporting is the first lever. Funding, accreditation, parents, and donors are all moving the same direction. Prove your students' outcomes, by program and by class, or lose access.

MyCareerExplorer shows your institution what its graduates actually earn by major, for years after they leave, so leaders can see which programs are falling short and act before it affects funding.

Not sure where your programs stand? Take the two-minute quiz.

209,321
programs newly in federal scope, including degree programs at public and private nonprofit institutions.
5,096
institutions evaluated against the program-level earnings premium framework at year four.

Federal earnings accountability, in one minute.

Federal guidance issued in the Federal Register April 20, 2026 (NPRM RIN 1840-AE06). For the first time, public and private nonprofit institutions, including degree programs, are subject to a federal earnings accountability framework. Each program's median graduate earnings are compared against the in-state median for working 25 to 34 year-olds with only a high-school diploma, four tax years after completion.

What the Rule Says
What It Means For the Institution
Common Gap

Earnings Premium Measure

§ 668.402, 668.403
Each program's median earnings are benchmarked against the state high-school threshold using federal earnings data, year four post-completion.
Schools rely on first-destination surveys. Government-data outcomes will diverge from what schools have been publishing.

Low-Earning Outcome

§ 668.603(a)
Programs that fail in 2 of 3 measurement years lose Direct Loan eligibility for 2 years.
No predictive infrastructure. Schools learn they have failed only when the Department tells them.

50% Administrative Capability

§ 668.16(t)
Concentration of failing programs takes the institution to provisional status with broad Title IV consequences.
No portfolio-level visibility. A cluster of failing programs takes the institution down.

STATS Reporting & Public Disclosure

§ 668.406, 668.43(d)
Annual program-level reporting and a public-facing program info page with median earnings, debt, and completion time.
Required data lives across Handshake, alumni systems, and spreadsheets. No single program-level outcomes pipeline.

Student Warnings & Pell Disclosure

§ 668.605
Failing programs trigger written student warnings and Pell-eligibility disclosures before disbursement.
Career services becomes the de facto translator. No platform helps them have that conversation today.

Why the existing tools fall short.

Today, the current state of career-outcome information is fragmented across three separate bodies, and none of them, alone or in combination, answers what the federal rule requires.

MyCareerExplorer is the intersection of three capabilities.

None of these exists together in any other product on the market. The intersection is where program-level outcome accountability becomes both visible and actionable.

Equifax Data Tens of millions of U.S. employment records Predictive Analytics AI-driven projections by major and cohort Counselor Experience Trade-off advising for student career decisions MyCareerExplorer
Layer One

Equifax Data

Payroll-verified earnings on tens of millions of U.S. records. The same data the federal accountability formula uses.

Layer Two

Predictive Analytics

Cohort-level projections, by major, by class. See failure years ahead, not after the Department tells you.

Layer Three

Counselor Experience

The student-facing layer that turns an earnings number into a life decision a student can actually make.

Three longitudinal views of student outcomes.

By program and by class, refreshed continuously from Equifax data, surfaced in a dashboard your career center and your Provost can both act on.

View One

Income and debt over time, by program and class.

Earnings curves and student-debt repayment schedules across a ten-year horizon, surfaced by major and cohort.

Compare programs against each other, against the state earnings threshold, and against historical class-level performance.

Historic Income Data, Class of 2025 cohort
10-year earnings trajectory · 3 programs compared
Investment Banking Corporate Finance Management Consulting
$700K $450K $200K $0 Y1 Y3 Y5 Y7 Y9 Y10 State HS-only threshold
Avg Year 1 Salary
$87,500
Avg Year 5 Salary
$203,333
10-Year Growth
338%
Top Career Paths, Class of 2020, Year 5 destinations

Investment Banking

18%
▲ Year 1: $95K – $110K
▲ Year 5: $250K – $350K
◷ Avg Hours: 80/wk
⌖ Top: NYC (34%)
Family-friendly · Low

Corporate Finance

28%
▲ Year 1: $65K – $75K
▲ Year 5: $95K – $125K
◷ Avg Hours: 45/wk
⌖ Top: Flexible
Family-friendly · High

Management Consulting

22%
▲ Year 1: $85K – $95K
▲ Year 5: $180K – $220K
◷ Avg Hours: 60/wk
⌖ Top: NYC (28%)
Family-friendly · Medium
Based on 1,904 alumni records · Updated quarterly from verified employment data
View Two

Job profiles, year one to year ten.

Where graduates land at year 1, year 5, and year 10.

Adoption rates, top destination roles, geographic concentration, and career-stability signals across each program's cohort history.

View Three

Career and life attributes, longitudinally.

Average hours per week, top employer locations, family-formation timing, and satisfaction proxies.

The variables that turn an earnings number into a life decision a student can actually make.

Career Path Comparison · Side-by-side life metrics
Career Path Adoption Top Location Hours/Wk Y5 Salary Family Satisfaction
Investment Banking 18%NYC (34%)80$250K–$350K Low 72/100
Corporate Finance 28%Flexible45$95K–$125K High 85/100
Management Consulting 22%NYC (28%)60$180K–$220K Medium 79/100
Key Insights
  • · Higher income paths typically require more weekly hours and specific locations
  • · Satisfaction scores based on survey of 1,904 alumni
  • · Family-friendly ratings consider hours, flexibility, and parental-leave policies

How the data pipeline gets stood up.

If your school uses the National Student Clearinghouse (NSC), MyCareerExplorer comes online through a four-step pipeline. The school's only direct steps are two authorizations. Equifax and MyCareerExplorer handle the rest.

01
Authorize
School → NSC

The school authorizes NSC to provide this data to Equifax on its behalf.

02
Sign DAUA
Three-party signing

NSC, Equifax, and the school sign the DAUA (provided by MyCareerExplorer), allowing Equifax to take possession of NSC's existing data.

03
Link
NSC → Equifax

NSC provides the data to Equifax, which links student economic cohort data to program and major.

04
Deliver
Equifax → MyCareerExplorer → School

Equifax sends the aggregated data to MyCareerExplorer, which analyzes it and delivers insights and a dashboard back to the school.

Get Started

Lead this new federal era.

Take the two-minute quiz to see where your programs stand. Then join the waitlist for the next cohort. Free withdrawal by September 15.

MyCareerExplorer

The portfolio-level student-outcomes platform for institutional leadership. Powered by Equifax employment data.

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Source: Federal Register Vol. 91, No. 75. NPRM RIN 1840-AE06. 34 CFR Parts 600, 668, 685. Comments due May 20, 2026. Equifax employment data is the underlying analytics layer. Detailed data-flow and methodology summary available on request.

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