(A) Beginning in the academic year that follows the effective date of this section, each state institution of higher education, as defined in section 3345.011 of the Revised Code, annually shall prepare and post on its publicly accessible web site a report that includes at least all of the following information, to the extent practicable:

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(1) An itemized list of the estimated or actual charges of the instructional fees, general fees, special purpose fees, service charges, fines, and other fees or surcharges applicable to enrolled students;

(2) The estimated or actual average cost of attendance;

(3) Student degree completion rates;

(4) Post-graduation student debt rates;

(5) Post-graduation student loan default rates;

(6) Post-graduation employment rates of students.

(B) Each state institution of higher education annually shall submit to the chancellor of higher education, in a form and manner prescribed by the chancellor, the report prescribed under division (A) of this section. The chancellor shall post each report on the chancellor’s web site.

(C) The chancellor may adopt rules to implement this section.