Sec. 7. (a) INvestED Indiana shall develop policies to evaluate, identify, and certify qualified education programs.
(b) Requirements for certification of a qualified education program must include the following:
(1) The program allows an individual to earn a credential in not more than six (6) months.
(2) The following must be demonstrated to INvestED Indiana concerning the program:
(A) That at least seventy-five percent (75%) of enrolled individuals graduate from the program with a credential not more than six (6) months after beginning the program.
(B) That at least sixty-five percent (65%) of graduates obtain employment within three (3) months of graduating from the program.
(C) That graduates of the program who obtain employment within six (6) months of graduation earn average wages that are at least twenty percent (20%) higher than the wages the graduates earned before beginning the program.
(D) That graduates of the program earn an average wage that is at least two hundred percent (200%) of the statewide per capita income within two (2) years of graduation.
As added by P.L.165-2021, SEC.65.
Structure Indiana Code
Title 5. State and Local Administration
Article 34. Indiana Career Accelerator Fund
5-34-1-1. Application of Definitions
5-34-1-2. "Base Year State Income Tax Liability"
5-34-1-6. "Qualified Education Program"
5-34-1-7. Requirements for Certification of a Qualified Education Program
5-34-1-8. Financial Assistance Awards From the Fund; Purposes