Creates the student achievement council and authorizes the council to 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.

Requires the student achievement council to: (1) Propose to the governor and the legislature, goals for increasing the educational attainment in the state, recommend the resources necessary to achieve the goals, and to monitor progress toward meeting those goals;

(2) Propose to the governor, the legislature, and the state's educational institutions, improvements and innovations needed to continually adapt the state's educational institutions to evolving educational attainment needs; and

(3) 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.

Establishes a joint select legislative committee on student achievement to review the work 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 student achievement council.