Section 23-1-140 - Commission directive - statewide student success measures - definitions(1)(a) No later than December 31, 2022, the commission shall enact a policy directing the department to develop student success measures that measure the progression of students through postsecondary education and the impact of postsecondary pathways on a student's career opportunities and success.(b) The student success measures must include postsecondary success measures and workforce success measures. The commission shall prioritize development of the postsecondary success measures. Postsecondary success measures may include, but are not limited to, credit accumulation, course passage, cost of attendance, retention rates, credential completion rates, student support access and effectiveness, graduate program enrollment, and student mobility. The student success measures must include data on nontraditional students who are not first-time, full-time freshman students, including graduation rates for nontraditional students, and credential and certificate completion rates for transfer students. The student success measures must also include measures for student enrollment status two, four, and six years after a student enrolls in an institution of higher education. Workforce success measures may include, but are not limited to, postsecondary employment outcomes for students, job placements, earnings, and the length of time it takes a student to recoup the cost of completing a credential at an institution based on the student's increased earnings, known as the price-to-earnings premium. The commission shall determine which specific postsecondary and workforce success measures are included in its policy.(2)(a) In developing the student success measures, the department shall collaborate with the commission, each institution of higher education, the Colorado workforce development council, the department of labor and employment, the department of education, the office of economic development and international trade, representatives from industry, and organizations that support current or potential students and parents.(b) The department, in consultation with institutions of higher education and subject to the approval of the commission, shall determine the methodology used to calculate the measures.(3)(a) The department shall contribute education and workforce readiness data beginning in the 2025-26 state fiscal year, as necessary, to the Colorado statewide longitudinal data system consistent with the governance practices established by the Colorado statewide longitudinal data system governing board pursuant to section 24-37.5-125 (4).(b) Upon the department's request, an institution of higher education shall submit to the department any data that the department reasonably requires for purposes of subsection (3)(a) of this section.Amended by 2024 Ch. 238,§ 13, eff. 5/23/2024.Added by 2022 Ch. 349, § 2, eff. 8/10/2022. 2022 Ch. 349, was passed without a safety clause. See Colo. Const. art. V, § 1(3).