Requires financial aid shopping sheet prepared by institutions of higher education and certain proprietary institutions to include information on average starting salaries of students.
Impact
The proposed changes to the financial aid shopping sheets are expected to create a significant impact on state laws governing higher education. By including average starting salary data, A2213 will require institutions to provide clearer comparisons of financial aid offers and expected graduate outcomes. This could lead to greater accountability among educational institutions concerning the return on investment for students and families, as they will have access to more detailed financial information.
Summary
Assembly Bill No. 2213 (A2213) mandates that financial aid shopping sheets created by higher education institutions, including proprietary schools, must contain information on the average starting salaries of graduates from various degree programs. This requirement aims to enhance transparency around the financial implications of pursuing higher education by enabling prospective students and their families to make more informed decisions regarding their educational investments.
Contention
Some potential points of contention surrounding A2213 may arise from institutions' concerns about how accurately they can report starting salaries and how this information might affect student choices. The inclusion of salary data could lead to competitive pressure between institutions, as they may need to showcase favorable salary outcomes to attract prospective students. Additionally, there may be discussions about how standardized the average salaries need to be, and whether universities are prepared to handle potential discrepancies in earnings data across various programs.
Requires certain institutions of higher education and degree-granting proprietary institutions to submit certain documentation on online program managers to Secretary of Higher Education.
Requires institutions of higher education and proprietary degree-granting institutions that have agreements with online program managers to disclose online program information.
Requires institutions of higher education and certain proprietary institutions to notify Higher Education Student Assistance Authority of approved federal borrower defense loan discharge.
Requires undergraduate students to file degree plan and requires institutions of higher education and certain proprietary institutions to develop pathway systems to graduation.
Requires institutions of higher education and certain proprietary institutions to notify Higher Education Student Assistance Authority of approved federal borrower defense loan discharge.
Concerns incentive compensation and contracts between online program management companies and institutions of higher education and certain proprietary institutions.
Concerns incentive compensation and contracts between online program management companies and institutions of higher education and certain proprietary institutions.
Establishes process for merger or consolidation of public institution of higher education with other institutions of higher education or certain proprietary institutions; requires executive and legislative approval of merger or consolidation.
Requires undergraduate students to file degree plan and requires institutions of higher education and certain propriety institutions to develop pathway systems to graduation.
Requires undergraduate students to file degree plan and requires institutions of higher education and certain proprietary institutions to develop pathway systems to graduation.
Establishes process for merger or consolidation of public institution of higher education with other institutions of higher education or certain proprietary institutions; requires executive and legislative approval of merger or consolidation.
Establishes process for merger or consolidation of public institution of higher education with other institutions of higher education or certain proprietary institutions; requires executive and legislative approval of merger or consolidation.
Relating to the issuance of a diploma to a student graduating from a public institution of higher education that has undergone a merger, acquisition, or name change.