Sec. 4. Ensuring transparency of student outcomes
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Section 487 of the Higher Education Act of 1965 ( 20 U.S.C. 1094 ) is amended— in subsection (a), by adding at the end the following: The institution will, not later than September 30, 2023, and annually thereafter, comply with the following: Produce and transmit to the Secretary statistical analysis using the statistical sampling method developed under subsection
(k)that consists of the following measures of post-collegiate graduate outcomes for the institution as a whole and disaggregated by each degree or program of study offered by the institution at time intervals of 1 year, 5 years, and 15 years after graduation: Mean and median earnings of graduates. Student loan default rates of graduates. Publish and make available to the public the statistical analysis produced under subparagraph
(A)on the website of the institution, within 2 clicks of the homepage and without a paywall, email login, or other restriction to access. ; and by adding at the end the following: The Secretary shall— develop a statistical sampling method to be used by institutions of higher education in fulfilling the requirement described in subsection (a)(30); and establish a searchable database accessible to the public of all analyses transmitted to the Secretary pursuant to subsection (a)(30) that can be sorted by institution and degree or program of study. The Inspector General of the Department may audit and investigate the veracity of statistical analysis transmitted to the Secretary by an institution of higher education. .
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Sec. 4
Ensuring transparency of student outcomes
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