(2) by striking ‘‘4 succeeding fiscal years’’ and 
inserting ‘‘5 succeeding fiscal years’’. 
SEC. 106. PRIOR RIGHTS AND OBLIGATIONS. 
Section 121(a) (20 U.S.C. 1011j(a)) is amended by 
striking ‘‘1999 and for each of the 4’’ each place it ap-
pears and inserting ‘‘2007 and for each of the 5’’. 
SEC. 107. LIMITATION ON CERTAIN USES OF FUNDS. 
Part B of title I is further amended by adding after 
section 123 (as added by section 101(b) of this Act) the 
following new section: 
‘‘SEC. 124. LIMITATION ON CERTAIN USES OF FUNDS. 
‘‘No funds made available to carry out this Act may 
be used—
‘‘(1) for publicity or propaganda purposes not 
authorized by the Congress before the date of enact-
ment of the College Access and Opportunity Act of 
2006; or 
‘‘(2) unless authorized by law in effect on such 
date of enactment, to produce any prepackaged news 
story intended for broadcast or distribution unless 
such story includes a clear a notification contained 
within the text or audio of such story stating that 
the prepackaged news story was prepared or funded 
by the Department of Education.’’.
SEC. 108. CONSUMER INFORMATION AND PUBLIC AC-
COUNTABILITY IN HIGHER EDUCATION. 
Section 131 (20 U.S.C. 1015) is amended to read as 
follows: 
‘‘SEC. 131. CONSUMER INFORMATION AND PUBLIC AC-
COUNTABILITY IN HIGHER EDUCATION. 
‘‘(a) PURPOSE.—It is the purpose of this section to—
‘‘(1) provide students and families with an 
easy-to-use, comprehensive web-based tool for re-
searching and comparing institutions of higher edu-
cation; 
‘‘(2) increase the transparency of college cost, 
price, and financial aid; and 
‘‘(3) raise public awareness of information 
available about postsecondary education, particularly 
among low-income families, non-traditional student 
populations, and first-generation college students. 
‘‘(b) COLLEGE
OPPORTUNITY
ON-LINE
(COOL) 
WEBSITE RE-DESIGN PROCESS.—In carrying out this 
section, the Commissioner of Education Statistics—
‘‘(1) shall identify the data elements that are of 
greatest importance to prospective students, enrolled 
students, and their families, paying particular atten-
tion to low-income, non-traditional student popu-
lations, and first-generation college students;
‘‘(2) shall convene a group of individuals with 
expertise in the collection and reporting of data re-
lated to institutions of higher education, the meas-
urement of institutional compliance costs, consumer 
use of data related to institutions of higher edu-
cation, general consumer marketing, and college 
intervention services to—
‘‘(A) determine the relevance of particular 
data elements to prospective students, enrolled 
students, and families; 
‘‘(B) assess the cost-effectiveness of var-
ious ways in which institutions of higher edu-
cation might produce the data desired by con-
sumers; 
‘‘(C) determine the general comparability 
of the data across institutions of higher edu-
cation; 
‘‘(D) make recommendations regarding the 
inclusion of specific data items and the most ef-
fective and least burdensome methods of col-
lecting and reporting useful data from institu-
tions of higher education; and 
‘‘(3) shall ensure that the redesigned COOL 
website—
‘‘(A) uses, to the extent practicable, data 
elements currently provided by institutions of 
higher education to the Secretary; 
‘‘(B) includes clear and uniform informa-
tion determined to be relevant to prospective 
students, enrolled students, and families; 
‘‘(C) provides comparable information, by 
ensuring that data are based on accepted cri-
teria and common definitions; 
‘‘(D) includes a sorting function that per-
mits users to customize their search for and 
comparison of institutions of higher education 
based on the information identified through the 
process as prescribed in paragraph (1) as being 
of greatest relevance to choosing an institution 
of higher education. 
‘‘(c) DATA COLLECTION.—
‘‘(1) DATA
SYSTEM.—The Commissioner of 
Education Statistics shall continue to redesign the 
relevant parts of the Integrated Postsecondary Edu-
cation Data System to include additional data as re-
quired by this section and to continue to improve the 
usefulness and timeliness of data collected by such 
systems in order to inform consumers about institu-
tions of higher education.
‘‘(2) COLLEGE CONSUMER PROFILE.—The Sec-
retary shall publish, for each academic year and in 
accordance with standard definitions developed by 
the Commissioner of Education Statistics (including 
definitions developed under section 131(a)(3)(A) as 
in effect on the day before the date of enactment of 
the College Access and Opportunity Act of 2006), 
from at least all institutions of higher education par-
ticipating in programs under title IV the following 
information: 
‘‘(A) The tuition and fees charged for a 
first-time, full-time, full-year undergraduate 
student. 
‘‘(B) The room and board charges for a 
first-time, full-time, full-year undergraduate 
student. 
‘‘(C) The price of attendance for a first-
time, full-time, full-year undergraduate student, 
consistent with the provisions of section 472. 
‘‘(D) The average amount of financial as-
sistance received by a first-year, full-time, full-
year undergraduate student, including—
‘‘(i) each type of assistance or benefits 
described in 428(a)(2)(C)(ii);