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‘‘(d) COLLEGE AFFORDABILITY INFORMATION ELE-
MENTS.—The college affordability information elements 
required by subsection (b)(2)(K) shall include, for each in-
stitution submitting data— 
‘‘(1) the sticker price of the institution for the 
5 most recent academic years; and 
‘‘(2) the net tuition of the institution for the 
most recent academic year for which data are avail-
able. 
‘‘(e) OUTCOMES AND ACTIONS.— 
‘‘(1) RESPONSE FROM INSTITUTION.—Effective 
on June 30, 2011, an institution that increases its 
sticker price at a percentage rate for any 3-year in-
terval ending on or after that date that exceeds two 
times the rate of change in the higher education 
price index over the same time period shall provide 
a report to the Secretary. Such report shall be pub-
lished by the Secretary on the COOL website, and 
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
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the institution, a description of the agency or 
instrumentality of State government or other 
entity that participates in such determinations 
and the authority exercised by such agency, in-
strumentality, or entity. 
‘‘(2) CONSEQUENCES
FOR
2-YEAR
CONTINU-
ATION
OF
FAILURE.—If the Secretary determines 
that an institution that is subject to paragraph (1) 
has failed to reduce the subsequent increase in stick-
er price to equal to or below two times the rate of 
change in the higher education price index for 2 con-
secutive academic years subsequent to the 3-year in-
terval used under paragraph (1), the Secretary shall 
place the institution on affordability alert status. 
‘‘(3) 
EXEMPTIONS.—Notwithstanding 
para-
graph (2), an institution shall not be placed on af-
fordability alert status if, for any 3-year interval for 
which sticker prices are computed under paragraph 
(1)— 
‘‘(A) with respect the class of institutions 
described in paragraph (5) to which the institu-
tion belongs, the sticker price of the institution 
is in the lowest quartile of institutions within 
such class, as determined by the Secretary, dur-
ing the last year of such 3-year interval; or
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‘‘(B) the institution has a percentage 
change in its sticker price computed under 
paragraph (1) that exceeds two times the rate 
of change in the higher education price index 
over the same time period, but the dollar 
amount of the sticker price increase is less than 
$500. 
‘‘(4) INFORMATION TO STATE AGENCIES.—Any 
institution that reports under paragraph (1)(B) that 
an agency or instrumentality of State government or 
other entity participates in the determinations of tui-
tion and fee increases shall, prior to submitting any 
information to the Secretary under this subsection, 
submit such information to, and request the com-
ments and input of, such agency, instrumentality, or 
entity. With respect to any such institution, the Sec-
retary shall provide a copy of any communication by 
the Secretary with that institution to such agency, 
instrumentality, or entity. 
‘‘(5) CLASSES OF INSTITUTIONS.—For purposes 
of this subsection, the classes of institutions shall be 
those sectors used by the Integrated Postsecondary 
Education Data System, based on whether the insti-
tution is public, nonprofit private, or for-profit pri-
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vate, and whether the institution has a 4-year, 2- 
year, or less than 2-year program of instruction. 
‘‘(6) DATA REJECTION.—Nothing in this sub-
section shall be construed as allowing the Secretary 
to reject the data submitted by an individual institu-
tion of higher education. 
‘‘(f) FINES.—In addition to actions authorized in sec-
tion 487(c), the Secretary may impose a fine in an amount 
not to exceed $25,000 on an institution of higher edu-
cation for failing to provide the information required by 
this section in a timely and accurate manner, or for failing 
to otherwise cooperate with the National Center for Edu-
cation Statistics regarding efforts to obtain data under 
subsection (c) and pursuant to the program participation 
agreement entered into under section 487. 
‘‘(g) REGULATIONS.—The Secretary is authorized to 
issue such regulations as may be necessary to carry out 
the provisions of this section. 
‘‘(h) DEFINITIONS.—For the purposes of this section: 
‘‘(1) NET
TUITION.—The term ‘net tuition’ 
means the average tuition and fees charged to a full- 
time undergraduate student by an institution of 
higher education for any academic year, minus the 
average grant amount received by such a student for 
such academic year.
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‘‘(2) STICKER PRICE.—The term ‘sticker price’ 
means the average published tuition and fees 
charged to a first-time, full-time, undergraduate stu-
dent by an institution of higher education for any 
academic year. 
‘‘(3) HIGHER EDUCATION PRICE INDEX.—The 
term ‘higher education price index’ means a statis-
tical measure of change over time in the prices of a 
fixed market basket of goods and services purchased 
by colleges and universities through current fund 
educational and general expenditures (excluding ex-
penditures for research), as developed by the Bureau 
of Labor Statistics.’’. 
SEC. 202. COOPERATIVE EDUCATION REWARDS FOR INSTI-
TUTIONS 
THAT 
RESTRAIN 
TUITION 
IN-
CREASES. 
The Higher Education Act of 1965 (20 U.S.C. 1001 
et seq.) is amended by adding at the end the following 
title: 
‘‘TITLE VIII—RESTRAINING 
TUITION INCREASES 
‘‘PART A—COOPERATIVE EDUCATION 
‘‘SEC. 801. DEFINITION OF COOPERATIVE EDUCATION. 
‘‘For the purpose of this title the term ‘cooperative 
education’ means the provision of alternating or parallel
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periods of academic study and public or private employ-
ment in order to give students work experiences related 
to their academic or occupational objectives and an oppor-
tunity to earn the funds necessary for continuing and com-
pleting their education. 
‘‘SEC. 802. AUTHORIZATION OF APPROPRIATIONS; RES-
ERVATIONS. 
‘‘(a) APPROPRIATIONS.—There shall be available to 
the Secretary to carry out this title from funds not other-
wise appropriated $15,000,000 for each of the fiscal years 
2008 through 2012. 
‘‘(b) RESERVATIONS.—Of the amount appropriated 
for each such fiscal year— 
‘‘(1) not less than 50 percent shall be available 
for carrying out grants to institutions of higher edu-
cation and combinations of such institutions de-
scribed in section 803(a)(1)(A) for cooperative edu-
cation under section 803; 
‘‘(2) not less than 25 percent shall be available 
for carrying out grants to institutions of higher edu-
cation described in section 803(a)(1)(B) for coopera-
tive education under section 803; 
‘‘(3) not more than 11 percent shall be avail-
able for demonstration projects under paragraph (1) 
of section 804(a);
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‘‘(4) not more than 11 percent shall be avail-
able for training and resource centers under para-
graph (2) of section 804(a); and 
‘‘(5) not more than 3 percent shall be available 
for research under paragraph (3) of section 804(a). 
‘‘(c) AVAILABILITY
OF APPROPRIATIONS.—Appro-
priations under this title shall not be available for the pay-
ment of compensation of students for employment by em-
ployers under arrangements pursuant to this title. 
‘‘(d) SUNSET.—The authority to carry out this title 
shall expire at the end of fiscal year 2012. 
‘‘SEC. 803. GRANTS FOR COOPERATIVE EDUCATION. 
‘‘(a) GRANTS AUTHORIZED.— 
‘‘(1) IN GENERAL.—The Secretary is author-
ized— 
‘‘(A) from the amount available under sec-
tion 802(b)(1) in each fiscal year and in accord-
ance with the provisions of this title, to make 
grants to institutions of higher education or 
combinations of such institutions that have not 
previously received a grant under this para-
graph to pay the Federal share of the cost of 
planning, establishing, expanding, or carrying 
out programs of cooperative education by such 
institutions or combinations of institutions; and
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‘‘(B) from the amount available under sec-
tion 802(b)(2) in each fiscal year and in accord-
ance with the provisions of this title, to make 
grants to institutions of higher education that 
are operating an existing cooperative education 
program (as determined by the Secretary) to 
pay the cost of planning, establishing, expand-
ing, or carrying out programs of cooperative 
education by such institutions. 
‘‘(2) PROGRAM
REQUIREMENT.—Cooperative 
education programs assisted under this section shall 
provide alternating or parallel periods of academic 
study and of public or private employment, giving 
students work experience related to their academic 
or occupational objectives and the opportunity to 
earn the funds necessary for continuing and com-
pleting their education. 
‘‘(3) AMOUNT OF GRANTS.— 
‘‘(A) The amount of each grant awarded 
pursuant to paragraph (1)(A) to any institution 
of higher education or combination of such in-
stitutions in any fiscal year shall not exceed 
$500,000. 
‘‘(B)(i) Except as provided in clauses (ii) 
and (iii), the Secretary shall award grants in
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each fiscal year to each institution of higher 
education described in paragraph (1)(B) that 
has an application approved under subsection 
(b) in an amount which bears the same ratio to 
the amount reserved pursuant to section 
802(b)(2) for such fiscal year as the number of 
unduplicated students placed in cooperative 
education jobs during the preceding fiscal year 
(other than cooperative education jobs under 
section 804 and as determined by the Sec-
retary) by such institution of higher education 
bears to the total number of all such students 
placed in such jobs during the preceding fiscal 
year by all such institutions. 
‘‘(ii) No institution of higher education 
shall receive a grant pursuant to paragraph 
(1)(B) in any fiscal year in an amount which 
exceeds 25 percent of such institution’s cooper-
ative education program’s personnel and oper-
ating budget for the preceding fiscal year. 
‘‘(iii) The minimum annual grant amount 
which an institution of higher education is eligi-
ble to receive under paragraph (1)(B) is $1,000 
and the maximum annual grant amount is 
$75,000.
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‘‘(4) LIMITATION.—The Secretary shall not 
award grants pursuant to paragraphs (1)(A) and 
(1)(B) to the same institution of higher education or 
combination of such institution in any one fiscal 
year. 
‘‘(5) USES.—Grants under paragraph (1)(B) 
shall be used exclusively— 
‘‘(A) to expand the quality and participa-
tion of a cooperative education program; 
‘‘(B) for outreach in new curricular areas; 
and 
‘‘(C) for outreach to potential participants 
including underrepresented and nontraditional 
populations. 
‘‘(b) APPLICATIONS.—Each institution of higher edu-
cation or combination of such institutions desiring to re-
ceive a grant under this section shall submit an application 
to the Secretary at such time and in such manner as the 
Secretary shall prescribe. Each such application shall— 
‘‘(1) set forth the program or activities for 
which a grant is authorized under this section; 
‘‘(2) specify each portion of such program or 
activities which will be performed by a nonprofit or-
ganization or institution other than the applicant,
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and the compensation to be paid for such perform-
ance; 
‘‘(3) provide that the applicant will expend dur-
ing such fiscal year for the purpose of such program 
or activities not less than the amount expended for 
such purpose during the previous fiscal year; 
‘‘(4) describe the plans which the applicant will 
carry out to assure, and contain a formal statement 
of the institution’s commitment which assures, that 
the applicant will continue the cooperative education 
program beyond the 5-year period of Federal assist-
ance described in subsection (c)(1) at a level which 
is not less than the total amount expended for such 
program during the first year such program was as-
sisted under this section; 
‘‘(5) provide that, in the case of an institution 
of higher education that provides a 2-year program 
which is acceptable for full credit toward a bach-
elor’s degree, the cooperative education program will 
be available to students who are certificate or asso-
ciate degree candidates and who carry at least one- 
half the normal full-time academic workload; 
‘‘(6) provide that the applicant will— 
‘‘(A) for each fiscal year for which the ap-
plicant receives a grant, make such reports with
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respect to the impact of the cooperative edu-
cation program in the previous fiscal year as 
may be essential to ensure that the applicant is 
complying with the provisions of this section, 
including— 
‘‘(i) the number of unduplicated stu-
dent applicants in the cooperative edu-
cation program; 
‘‘(ii) the number of unduplicated stu-
dents placed in cooperative education jobs; 
‘‘(iii) the number of employers who 
have hired cooperative education students; 
‘‘(iv) the average income for students 
derived from working in cooperative edu-
cation jobs; and 
‘‘(v) the increase or decrease in the 
number of unduplicated students placed in 
cooperative education jobs in each fiscal 
year compared to the previous fiscal year; 
and 
‘‘(B) keep such records as are essential to 
ensure that the applicant is complying with the 
provisions of this title, including the notation of 
cooperative education employment on the stu-
dent’s transcript;