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 award degrees if it fails to meet specific graduation rate targets. For four-year programs, schools must achieve a 75% six-year graduation rate for full-time students within six years of the bill's effective date; for two-year programs, a 75% three-year rate is required. Schools not meeting these targets by the deadline face automatic license revocation, though the Secretary may grant additional time if a school is making sufficient progress after five years. The law directly affects for-profit degree-granting colleges in New Jersey.