The purpose and effect of the proposed rule is to include the methodology for determining placement and retention rates for non-accredited institutions in rule, and to incorporate the form to be used to report this information. The proposed rule also incorporates forms to be used by accredited institutions to report placement and retention data already required by their accrediting entity and forms used by institutions to report enrollment data to the Commission. The proposed rule also clarifies the circumstances when incentives to a prospective student may not be provided. In addition, the proposed rule corrects cross referenced provisions and incorporates a form to report financial information already required for licensing to the Commission.