FL S1310

Expands required disclosures to prospective students at licensed institutions to include accreditation status, fee schedules, credit transferability, and career-related limitations; requires disclosures at least 1 week before enrollment.

Creates annual accountability reporting requirement for licensed institutions on graduation rates, retention rates, and placement rates; institutions must submit data by November 30 each year or face administrative fines up to $1,000.

Denies license renewal for institutions with federal student loan cohort default rates exceeding 30 percent; allows commission to require surety bonds or other financial security from institutions with insufficient financial stability.

Establishes Closed Institution Panel by October 1, 2018 to manage institutional closures and assist students; increases criminal penalty for unlawful closure from second-degree to first-degree misdemeanor.

Modifies Commission membership to include employers of graduates and institution alumni; limits commission members to three consecutive 3-year terms; incorporates federal student loan default rates into performance funding formulas for Florida College System and State University System institutions.