Directs Secretary of Higher Education to revoke proprietary school's license to award academic degrees if school fails to achieve certain minimum graduation rates.

This bill requires New Jersey's Secretary of Higher Education to revoke a for-profit college's license to grant degrees if it fails to meet specific graduation rate targets. For four-year programs, schools must achieve at least a 75% six-year graduation rate for full-time students by the end of the sixth year after the bill takes effect. For two-year programs, the target is a 75% three-year graduation rate by the same deadline. The Secretary may grant additional time to schools making sufficient progress toward these rates after five years, but must revoke licenses if targets are not met within the six-year timeframe.