SF 2361 (LSB 5982SV (2) 87)

SENATE FILE 2361

BY  COMMITTEE ON EDUCATION

(SUCCESSOR TO SF 2191)

A BILL FOR

An Act relating to academic programs of regents institutions.
BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA:

    Section 1.  Section 262.9, Code 2018, is amended by adding the following new subsections:
   NEW SUBSECTION.  39.  Require that undergraduate students enrolled in an institution of higher education governed by the board who will graduate on or after July 1, 2019, complete a one-credit-hour financial literacy course offered by the institution prior to graduation.
   NEW SUBSECTION.  40.  Develop and implement a policy to provide to each undergraduate student enrolled at an institution of higher education governed by the board who has formally declared an intention to pursue a degree from a baccalaureate degree program a report on the employment rate in the student’s field of study one year after graduation, percentage of graduates of the institution who completed the program and entered a postgraduate degree program within one year of graduation, average starting salary, and average student debt upon graduation of graduates of the institution who completed the program. The report shall be provided on an annual basis and shall be based upon the most recent available data. 
   NEW SUBSECTION.  41.  By July 1, 2019, develop and implement a policy requiring each institution of higher education under its control to provide students enrolled in baccalaureate degree programs with information necessary to facilitate the ability of such students to complete such programs in three academic years.
EXPLANATION
The inclusion of this explanation does not constitute agreement with
the explanation’s substance by the members of the general assembly.
   This bill directs institutions of higher education governed by the state board of regents to require that enrolled students who will graduate on or after July 1, 2019, complete a one-credit-hour financial literacy course offered by the institution prior to graduation.
   The bill directs regents institutions to develop and implement a policy to provide to each enrolled student who has formally declared an intention to pursue a program of study a report on an annual basis. The report shall contain the employment rate in the student’s field of study one year after graduation, percentage of graduates of the institution who completed the program and entered a postgraduate degree program within one year of graduation, average starting salary, and average student debt upon graduation of graduates of the institution or community college who completed the program.
   The bill directs the state board of regents to develop and implement a policy by July 1, 2019, requiring each institution of higher education under its control to provide students enrolled in baccalaureate degree programs with information necessary to facilitate the ability of such students to complete such programs in three academic years.