The DECIDE Act requires the Department of Education to significantly expand the College Scorecard with detailed financial information about individual college programs and institutions. For each degree and certificate program, schools must report data on median earnings of former students ten years after enrollment, median loan debt amounts at the time of repayment, and loan default and repayment rates. At the institutional level, colleges must provide similar data on default and repayment rates for graduate loans and parent PLUS loans. The bill affects all colleges and universities that participate in federal student aid programs and applies to their students and potential borrowers who use the College Scorecard to make enrollment decisions. The legislation mandates annual updates to these metrics but does not specify new federal funding or implementation deadlines beyond the annual update requirement, placing the administrative burden on the Department of Education and participating institutions.
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