Higher education matters.

Requires each high school to: (1) beginning with the 2024-2025 school year, offer the Indiana college core (college core); or (2) not later than October 1, 2024, submit a plan or report that meets certain requirements to the commission for higher education (commission). Provides that: (1) a student who successfully completes an eligible course under the college core is entitled to secondary credit toward graduation requirements; and (2) the student's transcripts must reflect the secondary credit. Establishes the reverse transfer program for community college associate degrees. Requires each state educational institution (institution) to prepare and submit a report to the commission that includes information regarding a determination by the institution of the feasibility and advisability of establishing and conferring associate degrees to certain students. Establishes certain requirements for the commission regarding the reports. Requires each institution that offers baccalaureate degrees to establish a policy to review each of the institution's four year baccalaureate degree program offerings to determine the feasibility of providing each in a specifically structured manner to allow a full-time student to complete the baccalaureate degree within three years. Requires, not later than July 1, 2025, each institution to offer at least one baccalaureate degree program specifically structured to allow a full-time student to complete the baccalaureate degree within three years. Requires an institution to provide an annual report to the commission regarding offering four year baccalaureate degree programs completed in three years. Expands the schools to which requirements regarding secondary credit apply. Changes the name of the statewide transfer general education core to the Indiana college core. Requires the commission, in coordination with the department of education (department) and institutions, to maintain and post a list and syllabus or course outline record of each eligible college core course. Requires, by July 1, 2025, the department to partner with one or more institutions or approved postsecondary educational institutions to provide online access to the college core through the course access program. Provides that credit equivalencies, including the college core, for all Cambridge International Advanced A and AS Level examinations must be updated annually and sent by each institution to the commission by June 1 each year. Provides that each institution shall post these annually updated credit equivalencies on the institution's website by July 1 each year. Provides that the commission shall post the annually updated credit equivalencies on the commission's student transfer of credit portal by July 1 each year.