The bill amends Minnesota Statutes 2024, section 136A.103, to enhance transparency and accountability for postsecondary institutions regarding employment outcomes for their graduates. It introduces a new requirement for eligible institutions to prominently display information in their catalogs and on their websites that assists prospective students in making informed decisions. This information must include job placement rates for specific fields of study and gainful employment outcomes, such as the median earnings of graduates. Additionally, institutions are mandated to report this job placement and earnings information annually to the office, which will develop the metrics for reporting.

Furthermore, the bill empowers the office to conduct random audits of institutions to ensure compliance with these new disclosure requirements. In cases of noncompliance, the office is required to report findings to the chairs and ranking minority members of the legislative committees overseeing higher education. This legislative change aims to improve the quality of information available to students, thereby supporting better decision-making regarding their educational and career paths.

Statutes affected:
Introduction: 136A.103