A bill for an act relating to education reporting, including the sharing of unit-level wage data for secondary and postsecondary program evaluation, the establishment of the condition of education report, consolidating certain required reports, modifying responsibilities for the future ready Iowa last-dollar scholarship report, modifying Iowa workforce development data-sharing provisions, and creating a return on investment reporting system to be overseen by the Iowa student aid commission.

This bill establishes a statewide return on investment (ROI) reporting system for Iowa's public colleges and universities. It requires institutions to submit data on program costs, completion rates, graduate employment, and median earnings to the Iowa Student Aid Commission, which will publish this information publicly in a consumer-friendly format. The bill also consolidates multiple education reports into a single annual "Condition of Education Report" and modifies requirements for sharing wage data between workforce development and education departments to evaluate program effectiveness. Colleges that fail to comply with reporting may lose eligibility for state financial aid programs, though federal aid remains unaffected. The system aims to provide transparency about program outcomes for students and policymakers.