This bill requires colleges and universities to provide much more detailed information to students and consumers about how long it actually takes students to complete their degree programs. Currently, schools report graduation rates based on standard timeframes, but this legislation mandates they also disclose what percentage of students finish within 150 percent, 200 percent, and even 300 percent of the normal completion time, broken down by different student types including full-time, part-time, first-time, and returning students. The bill affects all institutions participating in federal financial aid programs and applies to both four-year degree programs and shorter certificate or credential programs. The law aims to give prospective students better transparency about realistic completion timelines and costs before enrolling, as it can take many students significantly longer than the standard four years to graduate. There is no specific funding attached to this legislation, as it primarily requires colleges to compile and publicly display information they already track.
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