Senate Bill 199 mandates that higher education institutions in Wisconsin, including the University of Wisconsin System, technical colleges, and private nonprofit colleges, report specific data regarding student costs and outcomes. This data includes the average salary of graduates six months and five years post-graduation, average student debt, graduation rates, total cost of attendance, financial aid availability, and the ten most popular degree programs. The Higher Educational Aids Board (HEAB) is tasked with compiling this information into an electronic document that facilitates comparisons among institutions and must provide this document annually to the Department of Public Instruction, along with a list of the 50 most in-demand jobs in the state.

Additionally, the bill requires the state superintendent of public instruction to ensure that school boards provide this electronic document to high school juniors and seniors as part of their academic and career planning services starting in the 2027-28 school year. The legislation aims to enhance the academic and career planning resources available to students by providing them with comprehensive data on potential educational outcomes and job market demands.