‘‘SEC. 133. COST CONTAINMENT STRATEGIES. 
‘‘(a) REQUIREMENTS.—Each institution of higher 
education shall in accordance with the requirements of this 
section engage in, and report upon, cost containment 
strategies. Such strategies may include (but are not lim-
ited to) the following activities: 
‘‘(1) bulk purchasing; 
‘‘(2) joint faculty appointments; 
‘‘(3) streamlining administration; 
‘‘(4) energy conservation and savings; 
‘‘(5) technological innovations; and 
‘‘(6) joint degree offerings. 
‘‘(b) FIVE-YEAR PLANS.—Within 2 years after the 
enactment of the Act, each institution of higher education 
shall submit a 5-year plan on their cost containment strat-
egies and any progress made to date to the Secretary of 
Education. 
‘‘(c) RESEARCH INTO COST CONTAINMENT METH-
ODS.— 
‘‘(1) 
RESEARCH
AUTHORIZED.—From 
the 
funds appropriated under paragraph (2), the Sec-
retary is authorized— 
‘‘(A) to conduct or provide for the conduct 
of research to identify methods of cost contain-
ment currently utilized by institutions of higher 
education and systems of such institutions, and
research into other possible methods of cost 
containment; 
‘‘(B) to disseminate— 
‘‘(i) the information obtained by such 
research to such institutions and systems; 
and 
‘‘(ii) other research that has identified 
successful methods of cost containment; 
‘‘(C) to publicly recognize institutions of 
higher education that are doing an effective job 
at cost containment; and 
‘‘(D) to work together with such institu-
tions and systems to implement these methods. 
‘‘(2) AUTHORIZATION
OF
APPROPRIATIONS.— 
There are authorized to be appropriated to carry out 
this subsection $1,000,000 for fiscal year 2006 and 
such sums as may be necessary for each of the 4 
succeeding fiscal years. 
‘‘(d) CONSUMER INFORMATION.— 
‘‘(1) ANNUAL REPORT REQUIRED.— 
‘‘(A) CONTENTS
OF
REPORT.—The Sec-
retary shall annually prepare and publish a re-
port on college affordability in America. The 
college affordability report shall provide, at a 
minimum, comprehensive information on—
‘‘(i) the sticker price, total price of at-
tendance, net tuition price, and net access 
price for every institution of higher edu-
cation that participates in the Federal stu-
dent aid programs under title IV of this 
Act; 
‘‘(ii) the percentage change in the list-
ed sticker price, total price of attendance, 
net tuition price, and net access price over 
a 3-, 5-, and 10-year time period for each 
such institution; and 
‘‘(iii) the level of Federal and State 
support for higher education per capita 
and per pupil. 
‘‘(B) ADVISORY GROUP.—To ensure that 
the annual college affordability in America re-
port provides consumer-friendly information, 
the Secretary shall convene an advisory group 
of students, parents, and college officials to 
help determine the information that shall be in-
cluded in the report. 
‘‘(2) DATA
DISSEMINATION.—The Secretary 
shall make publicly available the data collected pur-
suant to this section, including an institution’s net 
price tuition index as calculated in accordance with
subsection (e). Such data shall be made available in 
a manner that permits the review and comparison of 
data submissions of individual institutions of higher 
education. Such data shall be presented in a form 
that is easily accessible and understandable and al-
lows parents and students to make informed deci-
sions based on the average prices for full-time un-
dergraduate students and the institution’s rate of in-
crease in the sticker price, total price of attendance, 
net tuition price, and net access price. 
‘‘(3) WEBSITE ENHANCEMENT.— 
‘‘(A) WEBSITE INFORMATION.—In order to 
further enhance public knowledge and under-
standing of college affordability, the Secretary 
shall modify the college opportunities on line 
(COOL) web site. The goal of such changes 
shall be to make the website the single best 
source of information about applying to and 
paying for a postsecondary education. Such 
changes shall make the website more user 
friendly and facilitate the comparison of mul-
tiple institutions at the same time. Such website 
shall provide detailed tuition and student aid 
data for each institution (including data from 
the annual college affordability in America re-
port). As part of improving the website, the 
Secretary shall establish an advisory board of 
students and parents to guide the redesign. The 
college price calculator required by paragraph 
(4) shall be included on the COOL website. 
‘‘(B) AVAILABILITY IN OTHER FORM.—In 
addition, the Secretary shall publish all of the 
institutional information found on the COOL 
website, minus the college price calculator, and 
instruct all local educational agencies to notify 
all their secondary schools of the publication of 
the COOL web site, both on-line and in-print, 
and of the steps necessary to procure such in-
formation both on-line and in-print. 
‘‘(4) COLLEGE PRICE CALCULATOR.— 
‘‘(A) 
ESTABLISHMENT.—The 
Secretary 
shall establish a system for reporting to pro-
spective students and families on the net tuition 
price of institutions of higher education. Using 
the most recent data available, the Secretary 
shall make available the amount of aid typically 
granted for students based on family income 
and college attended. Such information shall be 
made available in the form of a web site price 
calculator that permits students to be able to
enter an institution of higher education and 
their family income and be presented the sticker 
price, net tuition price, and net access price for 
students in their income bracket in order to de-
termine the approximate cost of attending such 
a school. The calculator shall include a clear 
disclaimer that financial aid decisions are made 
on a case-by-case basis and that the included 
calculations are based on previous years’ data 
and can therefore serve only as general guide-
lines for the financial aid that a student may 
expect to receive. 
‘‘(B) INFORMATION DISTRIBUTION BY IN-
STITUTIONS.—Each institution of higher edu-
cation shall make available its sticker price, 
total price of attendance, net tuition price, and 
net access price and list examples of what fami-
lies in each of the quartile income brackets 
might be expected to pay in the net tuition 
price for the most recent academic year. This 
information shall be provided in written form 
and distributed to all students and applicants 
and made widely available to the public. 
‘‘(e) NET TUITION PRICE INDEX.—