House File 135 - Reprinted HOUSE FILE 135 BY COMMITTEE ON EDUCATION (SUCCESSOR TO HF 11) (As Amended and Passed by the House March 7, 2023 ) A BILL FOR An Act relating to the responsibilities of the state board of 1 regents and the institutions of higher education governed by 2 the state board of regents, including requiring the board to 3 publish certain information related to the average income 4 and student debt of institution graduates and requiring the 5 institutions to provide the board with information related 6 to the average income and student debt of institution 7 graduates and to adopt procedures that require institutions 8 to provide information related to the average income and 9 student debt of institution graduates to undergraduates. 10 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA: 11 HF 135 (2) 90 jda/jh/md
H.F. 135 Section 1. Section 262.9, Code 2023, is amended by adding 1 the following new subsection: 2 NEW SUBSECTION . 39. a. Develop and publish on the board’s 3 internet site a report related to students who have completed 4 a baccalaureate degree program at an institution of higher 5 education governed by the board that is sortable by graduating 6 class, academic major, and institution of higher education and 7 that includes all of the following information: 8 (1) The percentage of students who have completed a master’s 9 or doctorate degree program after completing the baccalaureate 10 degree program. 11 (2) The median annual income of students one year, five 12 years, and ten years after completing the baccalaureate degree 13 program. 14 (3) The median student loan debt of students who have 15 completed the baccalaureate degree program. 16 (4) The ratio of the student loan debt of students who have 17 completed the baccalaureate degree program to the annual gross 18 income of such students. 19 (5) An estimate of the amount of student loan payment 20 students who have completed the baccalaureate degree program 21 are required to make each month and the amount, expressed as a 22 percentage, of such payments related to the students’ monthly 23 gross income. 24 b. Direct the institutions of higher education governed by 25 the board to provide the board with the information necessary 26 to complete and annually update the report described in 27 paragraph “a” . 28 c. Direct the institutions of higher education governed 29 by the board to publish a link to the report described in 30 paragraph “a” on the institution’s internet site. 31 d. Direct the institutions of higher education governed 32 by the board to adopt procedures, subject to the approval of 33 the board, that require the institution to provide students 34 who are in the process of completing the first year of a 35 -1- HF 135 (2) 90 jda/jh/md 1/ 2
H.F. 135 baccalaureate program at an institution with a link to the 1 report described in paragraph “a” , and that require the students 2 to provide a written notice to the institution indicating that 3 the student has been provided with the link to the report and, 4 if the student has declared an academic major, that the student 5 understands the employment and wage prospects associated with 6 the student’s academic major. 7 -2- HF 135 (2) 90 jda/jh/md 2/ 2