This bill mandates that both four-year public and independent institutions of higher education, as well as private vocational schools, collect and report employment data for their recent graduates. Specifically, these institutions are required to conduct annual employment surveys of students who graduated in the prior academic year and post the resulting data on their websites. The employment data must include metrics such as the number and percentage of graduates employed in fields related to their major, overall employment rates, salaries earned one year post-graduation, and the percentage of graduates enrolling in further education. This information must be maintained on their websites for four years.

Additionally, the bill amends existing law under the New Jersey College Student and Parent Consumer Information Act to extend the requirement of providing comprehensive information on costs, graduation rates, and faculty to independent institutions of higher education. The bill also specifies that the Secretary of Higher Education will oversee the guidelines for collecting and reporting this information, ensuring consistency across institutions. The new provisions aim to enhance transparency and provide valuable insights to students and their families regarding the outcomes of their educational investments.

Statutes affected:
Introduced: 18A:3B-44, 18A:3B-45