Sec. 7. Performance indicators; annual targets; goals
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Each State receiving a planning grant under this Act, and each State applying for an implementation grant under this Act, shall establish, in accordance with subsection
(c)and subject to approval by the Secretary— performance indicators that measure the progress of such State in each of the areas described in subsection (b); annual targets, for the programs and activities carried out under this Act, that will enable such State to reach the goals under paragraph (3); and goals, to be met by such State at the end of the implementation grant period, for achieving progress in each of the areas described in subsection (b). The performance indicators, annual targets, and goals described in subsection
(a)shall, at a minimum, track the progress of the State in each of the following areas: Implementing the reforms under section 5(b). Increasing— the student graduation rate of first generation college students and low-income students at institutions of higher education in the State; the number and percentage of students from community colleges and postsecondary vocational institutions who transfer to a 4-year institution of higher education in the State and attain a baccalaureate degree; and the number and percentage of students attending institutions of higher education in the State who are eligible for Federal Pell Grants. Reducing the net price of attaining a postsecondary credential. A State that has received a planning grant under this Act shall use the performance indicators, annual targets, and goals developed by such entity using the funds of such planning grant to apply for and carry out the activities of an implementation grant under this Act. A State that has not received a planning grant under this Act shall— establish performance indicators, annual targets, and goals described in subsection
(a)prior to applying for an implementation grant under this Act; and verify such establishment in the application for such implementation grant.