Implements higher education funding task force recommendations relating to goals, funding, performance, and accountability.

Creates the task force on public interest degrees to review and make recommendations on: (1) Modifications to certain public interest degrees; and

(2) Policies that increase the ability of public and private higher education institutions to prepare citizens with the higher education qualifications that are in the public interest.

Creates the Washington pledge scholarship program to create an endowed scholarship program that will help low-income and middle-income residents earn an undergraduate college education at the state's two-year and four-year higher education institutions.

Creates the Washington pledge endowment fund.

Provides a tax credit for contributions to the Washington pledge endowment fund.