Time for Completion Act

The "Time for Completion Act" aims to amend the Higher Education Act of 1965 by significantly expanding the transparency requirements for student achievement information. This legislation mandates that higher education institutions provide more comprehensive data on student completion and graduation rates to the public and prospective students.

Specifically, the bill requires institutions to report detailed percentages of degree or certificate-seeking undergraduate students who complete their programs within various timeframes. These categories include first-time, full-time; first-time, part-time; non-first-time, full-time; and non-first-time, part-time students, broken down by programs of study that are 4 years or longer, and those less than 4 years. The completion rates must be reported for normal time, 150 percent, 200 percent, and for shorter programs, 300 percent of the normal program duration.

The Secretary of Education is tasked with ensuring these percentages are displayed consistently and with equal visibility to consumers. Furthermore, the bill updates existing provisions to ensure that institutions provide this expanded completion rate information directly to students, enhancing consumer awareness about the actual time it takes for different student populations to complete their studies.