‘‘(ii) institutional and other assist-
ance; and 
‘‘(iii) Federal loans under parts B, D, 
and E of title IV. 
‘‘(E) The number of first-time, full-time, 
full-year undergraduate students receiving fi-
nancial assistance described in each clause of 
subparagraph (D). 
‘‘(F) The institutional instructional ex-
penditure per full-time equivalent student. 
‘‘(G) Student enrollment information, in-
cluding information on the number and percent-
age of full-time and part-time students, the 
number and percentage of resident and non-
resident students. 
‘‘(H) Faculty/student ratios. 
‘‘(I) Faculty information, including the 
total number of faculty and the percentage of 
faculty who are full-time employees of the insti-
tution and the percentage who are part-time. 
‘‘(J) Completion and graduation rates of 
undergraduate students, identifying whether the 
completion or graduation rates are from a 2-
year or 4-year program of instruction and, in 
the case of a 2-year program of instruction, the
percentage of students who transfer to 4-year 
institutions prior or subsequent to completion 
or graduation. 
‘‘(K) A link to the institution of higher 
education with information of interest to stu-
dents including mission, accreditation, student 
services (including services for students with 
disabilities), transfer of credit policies and, if 
appropriate, placement rates and other meas-
ures of success in preparing students for entry 
into or advancement in the workforce. 
‘‘(L) Any additional information that the 
Secretary may require. 
‘‘(d) DATA DISSEMINATION.—The Commissioner of 
Education Statistics shall collect and publish data sub-
mitted by each institution pursuant to this section, includ-
ing an institution’s college affordability index as calculated 
in accordance with subsection (e). Such data shall be se-
lected in accordance with the requirements of section 
131(b). Such data shall be presented in a form that is 
easily accessible and understandable and allows parents 
and students to make informed decisions based on the 
prices for typical first-time, full-time, full-year under-
graduate students and the institution’s rate of cost in-
crease. Such data may be presented in combination with
forms and information from the Free Application for Fed-
eral Student Aid (FAFSA) website. The Secretary shall 
work with public and private entities to promote broad 
public awareness, particularly among middle and high 
school students and their families, of the information 
made available under this section, including by distribu-
tion to students who participate in or receive benefits from 
Federally funded education programs and other Federal 
programs determined by the Secretary. 
‘‘(e) COLLEGE AFFORDABILITY INDEX.—
‘‘(1) IN GENERAL.—The Secretary shall, on the 
basis of the data submitted under subsection (a), 
calculate a college affordability index for each insti-
tution of higher education submitting such data and 
shall make the index available in accordance with 
subsection (d) as soon as operationally possible on 
the Department’s college opportunity online Web 
site. Such index shall be presented in a manner so 
that the index for any institution is stated in a col-
umn or cell immediately adjacent to a column or cell 
containing the total tuition and fees of the institu-
tion. 
‘‘(2) CALCULATION OF INDEX.—The college af-
fordability index shall be equal to—
‘‘(A) the percentage increase in the tuition 
and fees charged for a first-time, full-time, full-
year undergraduate student between the first of 
the 3 most recent preceding academic years and 
the last of those 3 academic years; divided by 
‘‘(B) the percentage increase in the Con-
sumer Price Index—All Urban Consumers 
(Current Series) from July of the first of those 
3 academic years to July of the last of those 3 
academic years. 
‘‘(f) OUTCOMES AND ACTIONS.—
‘‘(1) RESPONSE FROM INSTITUTION.—Effective 
on June 30, 2010, an institution that has a college 
affordability index that exceeds 2.0 for any 3-year 
interval ending on or after that date shall provide a 
report to the Secretary, in such a form, at such 
time, and containing such information as the Sec-
retary may require. Such report shall include—
‘‘(A) a description of the factors contrib-
uting to the increase in the institution’s costs 
and in the tuition and fees charged to students; 
and 
‘‘(B) if determinations of tuition and fee 
increases are not within the exclusive control of 
the institution, a description of the agency or