Sec. 18. (a) An eligible institution shall make and maintain, for each student enrolled in a postsecondary enrollment opportunity, records of the following:
(1) The courses in which the student enrolls and the credit hours awarded for those courses.
(2) The courses that the student successfully completes and the courses that the student fails to complete.
(3) The postsecondary credit granted to the student.
(4) Other information requested by the commission for higher education.
(b) The commission for higher education is entitled to have access to the records made and maintained under subsection (a).