(a) The Board of Higher Education, in consultation with the Illinois Community College Board, public institutions of higher education, and advocates, shall prepare a question or questions to be placed on one or more forms that are used by an institution on an annual basis to collect demographic data from its students for the purpose of determining the parental status or legal guardian status of each of its enrolled students.
     (b) The data collected under subsection (a) must be disaggregated by all variables collected normally, including, but not limited to, the student’s race, ethnicity, income, gender, age, enrollment status, type of credential sought, receipt of financial aid, grade point average, persistence toward a degree or credential, and completion outcomes.