(a)The Division of Higher Education shall collect and compile the following information without limitation on an annual basis:
(1)The most in-demand jobs in the state, including without limitation the approximate starting salaries and education levels required for those jobs;
(2)The approximate average cost for all colleges in the state;
(3)The average monthly federal student loan payment for individuals who attend or who have graduated from all colleges in the state;
(4)The average three-year federal student loan default rate for all colleges in the state;
(5)The average total federal student loan debt for graduates of in-state colleges for four-year degrees and graduate programs;
(6)The average graduation rate for all colleges in the state;
(7)The completion rates for:
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(a) The Division of Higher Education shall collect and compile the following information without limitation on an annual basis: (1) The most in-demand jobs in the state, including without limitation the approximate starting salaries and education levels required for those jobs; (2) The approximate average cost for all colleges in the state; (3) The average monthly federal student loan payment for individuals who attend or who have graduated from all colleges in the state; (4) The average three-year federal student loan default rate for all colleges in the state; (5) The average total federal student loan debt for graduates of in-state colleges for four-year degrees and graduate programs; (6) The average graduation rate for all colleges in the state; (7) The completion rates for: (A) Apprenticeship programs; (B) High school credential programs; and (C) Career and technical education programs; (8) The share of college graduates working in an occupation that does not require a college degree for each major; (9) The approximate average starting salary for individuals graduating from a college; (10) The approximate average starting salary for individuals who have completed: (A) An apprenticeship program; (B) A high school credential program; or (C) A career and technical education program; and (11) The approximate average starting salary for individuals graduating from a two-year college in the state. (b) The Division of Higher Education shall work with the following entities without limitation to collect and compile the information required under subsection (a) of this section: (1) The Arkansas State Chamber of Commerce; (2) The Division of Career and Technical Education; (3) The Division of Elementary and Secondary Education; (4) The Division of Information Systems; and (5) The Department of Commerce. (c) (1) The information collected and compiled under subsection (a) of this section shall utilize current state reports compiled into a single, easily understandable digest. (2) The state reports to be utilized shall include without limitation the: (A) Higher Education Consumer Guide; (B) Arkansas Economic Security Report; (C) Ready for Life initiative report and Arkansas Statewide Longitudinal Data System; (D) College Scorecard; and (E) Integrated Postsecondary Education Data System Data Feedback reports of the National Center for Education Statistics.