(a)The Division of Higher Education shall partner with the Ready for Life initiative to include information required under § 6-60-1302 in the Ready for Life searchable database, which shall include without limitation:
(1)Approximate average annual cost;
(2)Average graduation rate;
(3)Average salary after attending;
(4)Highest paying salaries for top five (5) majors;
(5)Full-time enrollment head count;
(6)Race and ethnicity information of enrollees in each program;
(7)Percentage of students in student loan default;
(8)Typical total federal student loan debt after graduation;
(9)Percentage of students receiving federal student loans;
(10)Typical monthly federal student loan payment;
(11)The average one-year retention rate of students majoring in the top five (5) majors; and (12)
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(a) The Division of Higher Education shall partner with the Ready for Life initiative to include information required under § 6-60-1302 in the Ready for Life searchable database, which shall include without limitation: (1) Approximate average annual cost; (2) Average graduation rate; (3) Average salary after attending; (4) Highest paying salaries for top five (5) majors; (5) Full-time enrollment head count; (6) Race and ethnicity information of enrollees in each program; (7) Percentage of students in student loan default; (8) Typical total federal student loan debt after graduation; (9) Percentage of students receiving federal student loans; (10) Typical monthly federal student loan payment; (11) The average one-year retention rate of students majoring in the top five (5) majors; and (12) Average success rates, which measure the percentage of students who have graduated, transferred, or are still enrolled in colleges in this state. (b) (1) The database established under subsection (a) of this section shall provide individuals with the ability to select a specific major or program at a specific college. (2) Upon selecting a specific major or program at a specific college while using the database, the following overview shall be provided, to be filled in with information required under subsection (a) of this section as it applies to the specific major or program at the specific college that the individual selected: "For every 100 students starting in {insert major} in this state, {insert number} will graduate in 6 years; of those, {insert number} will get a job with an average starting salary of {insert salary} within 6 months of graduation. The average debt for the graduates will be {insert debt}. The total cost on average for this degree is {insert total amount paid}. Of the {insert number} who don't graduate, they will accumulate an average debt of {insert debt}."