Some Purdue faculty members have criticized the deal, saying they're worried about the reputation of Kaplan University and parent Kaplan Higher Education.
The ICHE is one of a handful of bodies that has to sign off on the merger before it can officially proceed.
Indiana colleges must hold a public hearing within 30 days of the commission setting the tuition and fee targets.
Indiana lags in training enough workers to fill thousands of open manufacturing jobs – and some say reforms passed this year won't help fix that fast enough.
The FAFSA form is used for determining eligibility for federal and state financial aid.
The Indiana Commission for Higher Education says the state should make more resources available for non-traditional adult students.
The project is estimated to take two years to complete.
The incentives for counties to participate go beyond wanting students to succeed.
The information is meant to help schools learn more about how well-prepared students are as they leave high school.
Governor Daniels says he wants to see the Commission use its power "liberally" to keep universities from requiring too many hours to earn a degree.