Creates the student achievement council to: (1) Create ad hoc advisory committees for obtaining input from students, faculty, and higher education experts and practitioners, citizens, business and industry, and labor, and for informing their research, policy, and programmatic functions; and

(2) Provide advice to the office of the student achievement council as the office conducts its duties emphasizing the goal of increasing educational attainment.

Creates the office of the student achievement council to: (1) Set goals for increasing the educational attainment in the state and to monitor progress toward meeting those goals; and

(2) Connect the work of the superintendent of public instruction, the state board of education, the state board for community and technical colleges, the workforce training and education coordinating board, the four-year institutions of higher education, and the independent schools and colleges.

Requires the joint legislative audit and review committee to conduct a review of the office of the student achievement council and its functions.

Establishes a joint select legislative committee on student achievement to review the work of the office of the student achievement council and make policy and budget recommendations on improving educational attainment in the state.

Abolishes the higher education coordinating board and transfers its powers, duties, and functions to the office of the student achievement council.