Senate Bill 630 aims to regulate the enrollment of Wisconsin residents in certain private postsecondary schools, particularly for-profit institutions, based on their revenue sources. The bill stipulates that a proprietary school may not enroll Wisconsin residents if less than 20 percent of its annual revenue comes from sources other than federal student aid in two of the three preceding fiscal years. This provision mirrors a federal requirement but modifies the percentage threshold. The Department of Safety and Professional Services (DSPS) is tasked with creating rules to enforce this regulation.

Additionally, the bill introduces new definitions related to school revenue and federal funds, clarifying the terms used in the context of compliance with federal regulations. The new legal language specifies that "annual revenue" refers to the revenue generated during a school's fiscal year, and "federal funds" pertains to federal education assistance funds as defined in federal law. The act is set to take effect in the 2028-29 academic year, allowing time for implementation and compliance by affected institutions.