Disclosure of employment opportunities for fields of study required, institution eligibility for state student aid modified, and report required.

This bill requires Minnesota institutions eligible for state student aid to publicly disclose job placement rates and median graduate earnings for each specific field of study on their websites and in catalogs. It mandates annual reporting of this employment data to the state office, which will randomly audit institutions for compliance. The policy directly affects private colleges and universities receiving state student aid, particularly those not participating in the federal Pell Grant program. Institutions must display this information to help prospective students make informed decisions about educational programs. Noncompliance could lead to termination of state aid eligibility.