The proposed bill, known as the Prior Learning Act, aims to establish a framework for recognizing and awarding academic credit for prior learning experiences in Nebraska's public postsecondary institutions. It mandates the Coordinating Commission for Postsecondary Education to approve a list of prior learning examinations and set minimum cut scores for these assessments by September 1, 2026. The bill outlines the definitions of key terms such as "cut score," "prior learning examination," and the responsibilities of the commission in maintaining and updating the list of approved examinations. Additionally, it requires each public postsecondary institution to develop and implement policies for awarding credit based on these examinations by October 1, 2026.

Furthermore, the bill stipulates that institutions must prioritize the application of awarded credits toward general education and major requirements, and ensure that their policies are publicly accessible. Institutions are also required to submit annual reports to the commission detailing the number of students awarded credit based on prior learning examinations and how those credits are applied. The commission is empowered to adopt necessary rules and regulations to effectively implement the provisions of the Prior Learning Act.