Sec. 6. Not later than June 30, 2025, the commission for higher education, in consultation with each state educational institution, shall establish a policy to at least semiannually identify and notify an individual who is a:
(1) reverse transfer eligible undergraduate student; or
(2) reverse transfer eligible former student;
of the voluntary option to receive an associate degree from Ivy Tech Community College or Vincennes University, as applicable, at no cost.