Bill would allow prospective students to access information regarding the expected return on investment of a private occupational school degree.
DENVER, CO– The House voted 63-0 today to pass Representative Cathy Kipp’s bipartisan bill to collect and distribute information related to the return on investment (ROI) that students can expect from private occupational schools and other institutions of higher education.
“An investment in education is one of the most important financial decisions that a young person will make,” said Rep. Cathy Kipp, D-Fort Collins. “This bill will level the playing field and help us give students looking to earn any type of degree the tools they need to avoid making a bad investment. With many for-profit colleges making promises to prospective students that their degrees can’t keep, this bill is more important than ever.”
Currently, the Department of Higher Education (DHE) has the authority to prepare an annual ROI report for undergraduate degree and certificate programs. HB20-1280 would further allow the Department to collect the data necessary to calculate ROI for degree and certificates offered by private occupational schools, seminaries, religious training institutions, as well as by public and private out-of-state higher education institutions.