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GRAD Act
12/15/2023, 4:06 PM
Summary of Bill S 478
The GRAD Act aims to hold colleges and universities accountable for their graduation rates by requiring them to report data on student outcomes, such as graduation rates, retention rates, and post-graduation employment rates. This data will be made publicly available to help students and families make informed decisions about where to pursue their education.
Additionally, the GRAD Act includes provisions to provide support and resources to institutions that are struggling to improve their graduation rates. This may include funding for programs and initiatives aimed at increasing student success and completion. Overall, the GRAD Act is designed to promote transparency and accountability in higher education and to help more students successfully complete their degrees. It is an important piece of legislation that aims to improve outcomes for students and institutions alike.
Congressional Summary of S 478
Graduation Reporting for Accuracy and Decision-Making Act or the GRAD Act
This bill expands consumer information disclosure requirements related to student completion or graduation rates at institutions of higher education (IHEs) that participate in federal student-aid programs.
Currently, such IHEs must disclose the completion or graduation rate of first-time, full-time, certificate- or degree-seeking undergraduate students. This bill expands disclosure requirements to include the completion or graduation rates of non-first-time and half-time certificate- or degree-seeking undergraduate students. The bill also sets forth new time periods for calculating the completion or graduation rates for programs of study that are less than four years.
