Enacts new GS 116-40.15 (Duty to provide certain information to students applying for admission or enrolled at a constituent institution regarding the graduation rates, employment rates, student loan repayment and default rates, and other similar information of prior graduating classes). Directs constituent institutions (except for high schools) of the University of North Carolina to annually compile specified information regarding graduation rates, student loans, and employment and provide it to students applying to the institution, in the form of a letter, and to undergraduate students when declaring a major. Requires the student to sign and return the letter to the institution before enrolling in classes, or receiving class credit toward their major.

Enacts Article 27B in GS Chapter 116, consisting of new GS 116-229.30 (Duty to provide certain information to students regarding the employment rates, student loan repayment and default rates, and other similar information of prior graduating classes), applying the requirements of new GS 116-40.15 to private institutions of higher education where students receive State financial aid.

Applies beginning with students applying for the 2018 fall academic semester, or who declare a major for the 2018 fall academic semester.