HB 7057 - Postsecondary Education Summary

• Establishes Preeminent State Research Universities Program - Creates designation for highest-performing research universities meeting rigorous academic and research excellence standards, including metrics on student admissions, retention, graduation rates, research expenditures, faculty achievements, and national rankings.

• Creates Institute for Online Learning - Requires the highest-ranked preeminent university to establish a fully online baccalaureate degree program with capped tuition at 75% of traditional rates for residents and market rates for non-residents.

• Revises Developmental Education Framework - Changes terminology from "developmental" to "college-preparatory" instruction and expands flexible delivery methods including modularized, compressed, contextualized, and corequisite instruction options.

• Implements New Performance Funding Formulas - Establishes accountability metrics for state universities and Florida College System institutions based on graduate employment rates, average wages, cost per graduate, and high-demand degree program completion.

• Takes Effect July 1, 2013 - The bill becomes effective with certain contingent provisions dependent on related legislation (HB 7091) regarding industry certification funding.