Florida Statutes 445.07 – Economic security report of employment and earning outcomes
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(1) Beginning December 31, 2013, and annually thereafter, the Department of Commerce, in consultation with the Department of Education, shall prepare, or contract with an entity to prepare, an economic security report of employment and earning outcomes for degrees or certificates earned at public postsecondary educational institutions.
(2) The report must be easily accessible to and readable by the public and shall be made available online. The report, by educational sector, must:
(a) Use the Florida Education and Training Placement Information Program for data relating to the employment, earnings, continued education, and receipt of public assistance by graduates of a degree or certificate program from a public postsecondary educational institution.
Terms Used In Florida Statutes 445.07
- Contract: A legal written agreement that becomes binding when signed.
- Department: means the Department of Commerce. See Florida Statutes 445.002
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
(b) Use the Integrated Postsecondary Education Data System or its equivalent for calculating the average student loan debt of a graduate of a degree or certificate program from a public postsecondary educational institution.
(c) Include data on the employment of graduates of a degree or certificate program from a public postsecondary educational institution the year after the degree or certificate is earned by number and percentage and for graduates employed full time in the year after graduation by number and percentage. Beginning with the 2014-2015 fiscal year, the report must include the employment data of graduates of a degree or certificate program from a public postsecondary educational institution 5 years after graduation by number and percentage.
(d) Include data on the earnings of graduates of a degree or certificate program from a public postsecondary educational institution the year after earning the degree or certificate by at least the following levels on a quarterly and annualized basis, rounded to the nearest dollar:
1. Quarterly wages of $6,250 and annualized wages of $25,000 and below.
2. Quarterly wages between $6,251 and $11,250 and annualized wages between $25,001 and $45,000.
3. Quarterly wages of $11,251 and annualized wages of $45,001 and above.