Schools; providing procedures relating to graduation rates. Emergency.

SB 695 updates Oklahoma's method for calculating high school graduation rates to ensure consistency across all schools. It requires schools and charter schools to use a "four-year adjusted cohort" rate, defined as students earning diplomas within four years divided by the original cohort size, adjusted for transfers, emigration, or death. To remove a student from a cohort, schools must provide written or electronic confirmation of enrollment in another diploma-awarding program or documented transfer. This bill directly affects all Oklahoma public and charter high schools by changing how their graduation data is reported and calculated. The changes take effect July 1, 2025.