‘‘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 to— 
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‘‘(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 relevant data; 
‘‘(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; 
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‘‘(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 continue to publish on the COOL 
website, for each academic year and in accordance 
with standard definitions developed by the Commis-
sioner 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 
Affordability and Transparency Act of 2007), from 
at least all institutions of higher education partici-
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pating in programs under title IV the following in-
formation: 
‘‘(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); 
‘‘(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). 
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‘‘(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-to-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 
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appropriate, placement rates and other meas-
ures of success in preparing students for entry 
into or advancement in the workforce. 
‘‘(L) The college affordability information 
elements specified in subsection (d). 
‘‘(M) Any additional information that the 
Secretary may require. 
‘‘(d) COLLEGE AFFORDABILITY INFORMATION ELE-
MENTS.—The college affordability information elements 
required by subsection (c)(2)(L) shall include, for each in-
stitution submitting data— 
‘‘(1) the sticker price of the institution for the 
3 most recent academic years; 
‘‘(2) the net tuition price of the institution for 
the 3 most recent academic years; 
‘‘(3) the percentage change in both the sticker 
price and the net tuition price over the 3-year time 
period that is being reported; 
‘‘(4) the percentage change in the CPI over the 
same time period; and 
‘‘(5) whether the institution has been placed on 
affordability alert status as required by subsection 
(e)(3). 
‘‘(e) OUTCOMES AND ACTIONS.— 
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‘‘(1) RESPONSE FROM INSTITUTION.—Effective 
on June 30, 2008, 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 CPI over the same 
time period shall provide a report to the Secretary, 
in such a form, at such time, and containing such 
information as the Secretary may require. Such re-
port shall be published 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 
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) QUALITY-EFFICIENCY TASK FORCES.— 
‘‘(A) REQUIRED.—Each institution subject 
to paragraph (1) that has a percentage change 
in its sticker price that is in the highest 5 per-
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cent of all institutions subject to paragraph (1) 
shall establish a quality-efficiency task force to 
review the operations of such institution. 
‘‘(B) MEMBERSHIP.—Such task force shall 
include administrators, business and civic lead-
ers, and faculty, and may include students, 
trustees, parents of students, and alumni of 
such institution. 
‘‘(C) FUNCTIONS.—Such task force shall 
analyze institutional operating costs in compari-
son with such costs at other institutions within 
the class of institutions. Such analysis should 
identify areas where, in comparison with other 
institutions in such class, the institution oper-
ates more expensively to produce a similar re-
sult. Any identified areas should then be tar-
geted for in-depth analysis for cost reduction 
opportunities. 
‘‘(D) REPORT.—The results of the analysis 
by a quality-efficiency task force under this 
paragraph shall be made available to the public 
on the COOL website. 
‘‘(3) CONSEQUENCES
FOR
2-YEAR
CONTINU-
ATION
OF
FAILURE.—If the Secretary determines 
that an institution that is subject to paragraph (1)) 
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has failed to reduce the subsequent increase in stick-
er price below two times the rate of change in the 
CPI for 2 consecutive academic years subsequent to 
the 3-year interval used under paragraph (1), the 
Secretary shall place the institution on affordability 
alert status. 
‘‘(4) 
EXEMPTIONS.—Notwithstanding 
para-
graph (3), 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 the class of institu-
tions described in paragraph (6) to which the 
institution belongs, the sticker price of the in-
stitution is in the lowest quartile of institutions 
within such class, as determined by the Sec-
retary, during the last year of such 3-year in-
terval; or 
‘‘(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 CPI over the same time period, 
but the dollar amount of the sticker price in-
crease is less than $500. 
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‘‘(5) 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. 
‘‘(6) 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-
vate, and whether the institution has a 4-year, 2- 
year, or less than 2-year program of instruction. 
‘‘(7) 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) INFORMATION TO THE PUBLIC.—The Secretary 
shall work with public and private entities to promote 
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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 
means-tested federally funded education programs and 
other Federal programs determined by the Secretary. 
‘‘(g) FINES.—In addition to actions authorized in 
section 487(c), the Secretary may impose a fine in an 
amount not to exceed $25,000 on an institution of higher 
education 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 
Education Statistics regarding efforts to obtain data 
under subsections (c) and (j) and pursuant to the program 
participation agreement entered into under section 487. 
‘‘(h) GAO STUDY AND REPORT.— 
‘‘(1) GAO STUDY.—The Comptroller General 
shall conduct a study of the policies and procedures 
implemented by institutions in increasing the afford-
ability of postsecondary education. Such study shall 
include information with respect to— 
‘‘(A) a list of those institutions that— 
‘‘(i) have reduced their sticker prices; 
or 
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‘‘(ii) are within the least costly quar-
tile of institutions within each class de-
scribed in subsection (e)(6); 
‘‘(B) policies implemented to stem the in-
crease in tuition and fees and institutional 
costs; 
‘‘(C) the extent to which room and board 
costs and prices changed; 
‘‘(D) the extent to which other services 
were altered to affect tuition and fees; 
‘‘(E) the extent to which the institution’s 
policies affected student body demographics and 
time to completion; 
‘‘(F) what, if any, operational factors 
played a role in reducing tuition and fees; 
‘‘(G) the extent to which academic quality 
was affected, and how; 
‘‘(H) if the institution is a public institu-
tion, the relationship between State and local 
appropriations and the institution’s tuition and 
fees; 
‘‘(I) the extent to which policies and prac-
tices reducing costs and prices may be rep-
licated from one institution to another; and 
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‘‘(J) other information as necessary to de-
termine best practices in increasing the afford-
ability of postsecondary education. 
‘‘(2) INTERIM
AND
FINAL
REPORTS.— The 
Comptroller General shall submit an interim and a 
final report regarding the findings of the study re-
quired by paragraph (1) to the appropriate author-
izing committees of Congress. The interim report 
shall be submitted not later than July 31, 2011, and 
the final report shall be submitted not later than 
July 31, 2013. 
‘‘(i) STUDENT AID RECIPIENT SURVEY.— 
‘‘(1) SURVEY REQUIRED.—The Secretary shall 
conduct a survey of student aid recipients under title 
IV on a regular cycle and State-by-State basis, but 
not less than once every 4 years— 
‘‘(A) to identify the population of students 
receiving Federal student aid; 
‘‘(B) to describe the income distribution 
and other socioeconomic characteristics of fed-
erally aided students; 
‘‘(C) to describe the combinations of aid 
from State, Federal, and private sources re-
ceived by students from all income groups; 
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‘‘(D) to describe the debt burden of edu-
cational loan recipients and their capacity to 
repay their education debts, and the impact of 
such debt burden on career choices; 
‘‘(E) to describe the role played by the 
price of postsecondary education in the deter-
mination by students of what institution to at-
tend; and 
‘‘(F) to describe how the increased costs of 
textbooks and other instructional materials af-
fects the costs of postsecondary education to 
students. 
‘‘(2) SURVEY
DESIGN.—The survey shall be 
representative of full-time and part-time, under-
graduate, graduate, and professional and current 
and former students in all types of institutions, and 
designed and administered in consultation with the 
Congress and the postsecondary education commu-
nity. 
‘‘(3) DISSEMINATION.—The Commissioner of 
Education Statistics shall disseminate the informa-
tion resulting from the survey in both printed and 
electronic form. 
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‘‘(j) REGULATIONS.—The Secretary is authorized to 
issue such regulations as may be necessary to carry out 
the provisions of this section. 
‘‘(k) DEFINITIONS.—For the purposes of this section: 
‘‘(1) NET TUITION PRICE.—The term ‘net tui-
tion price’ means the average tuition and fees 
charged to a first-time, full-time, full-year under-
graduate student, minus the average grants provided 
to such students, for any academic year. 
‘‘(2) STICKER PRICE.—The term ‘sticker price’ 
means the average tuition and fees charged to a 
first-time, full-time, full-year undergraduate student 
by an institution of higher education for any aca-
demic year. 
‘‘(3) CPI.—The term ‘CPI’ means the Con-
sumer Price Index-All Urban Consumers (Current 
Series).’’. 
SEC. 
3. 
COLLEGE 
AFFORDABILITY 
DEMONSTRATION 
PROJECT. 
Part G of title IV is amended by inserting after sec-
tion 486 (20 U.S.C. 1093) the following new section: 
‘‘SEC. 486A. COLLEGE AFFORDABILITY DEMONSTRATION 
PROJECT. 
‘‘(a) PURPOSE.—It is the purpose of this section— 
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‘‘(1) to provide, through a college affordability 
demonstration project, for increased innovation in 
the delivery of higher education and student finan-
cial aid in a manner resulting in reduced costs for 
students as well as the institution by employing one 
or more strategies including accelerating degree or 
program completion, increasing availability of, and 
access to, distance components of education delivery, 
engaging in collaborative arrangements with other 
institutions and organizations, and other alternative 
methodologies; and 
‘‘(2) to help determine— 
‘‘(A) the most effective means of delivering 
student financial aid as well as quality edu-
cation; 
‘‘(B) the specific statutory and regulatory 
requirements that should be altered to provide 
for more efficient and effective delivery of stu-
dent financial aid, as well as access to high 
quality distance education programs, resulting 
in a student more efficiently completing post-
secondary education; and 
‘‘(C) the most effective methods of obtain-
ing and managing institutional resources. 
‘‘(b) DEMONSTRATION PROJECT AUTHORIZED.— 
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‘‘(1) IN
GENERAL.—In accordance with the 
purposes described in subsection (a) and the provi-
sions of subsection (d), the Secretary is authorized 
to select not more than 100 institutions of higher 
education, including those applying as part of sys-
tems or consortia of such institutions, for voluntary 
participation in the College Affordability Demonstra-
tion Project in order to enable participating institu-
tions to carry out such purposes by providing pro-
grams of postsecondary education, and making avail-
able student financial assistance under this title to 
students enrolled in those programs, in a manner 
that would not otherwise meet the requirements of 
this title. 
‘‘(2) WAIVERS.—The Secretary is authorized to 
waive for any institutions of higher education, or 
any system or consortia of institutions of higher 
education, selected for participation in the College 
Affordability Demonstration Project, any require-
ments of this Act or the regulations thereunder as 
deemed necessary by the Secretary to meet the pur-
pose described in subsection (a)(1), and shall make 
a determination that the waiver can reasonably be 
expected to result in reduced costs to students or in-
stitutions without an increase in Federal program 
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costs. The Secretary may not waive under this para-
graph the maximum award amounts for an academic 
year or loan period. 
‘‘(3) ELIGIBLE APPLICANTS.— 
‘‘(A) ELIGIBLE INSTITUTIONS.—Except as 
provided in subparagraph (B), only an institu-
tion of higher education that is eligible to par-
ticipate in programs under this title shall be eli-
gible to participate in the demonstration project 
authorized under this section. 
‘‘(B) PROHIBITION.—An institution of 
higher 
education 
described 
in 
section 
102(a)(1)(C) shall not be eligible to participate 
in the demonstration project authorized under 
this section. 
‘‘(c) APPLICATION.— 
‘‘(1) IN GENERAL.—Each institution or system 
of institutions desiring to participate in the dem-
onstration project under this section shall submit an 
application to the Secretary at such time and in 
such manner as the Secretary may require. 
‘‘(2) CONTENTS OF APPLICATIONS.—Each ap-
plication for the college affordability demonstration 
project shall include at least the following: 
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‘‘(A) a description of the institution or sys-
tem or consortium of institutions and what 
quality assurance mechanisms are in place to 
ensure the integrity of the Federal financial aid 
programs; 
‘‘(B) a description of the innovation or in-
novations being proposed and the affected pro-
grams and students, including— 
‘‘(i) a description of any collaborative 
arrangements with other institutions or or-
ganizations to reduce costs; 
‘‘(ii) a description of any expected 
economic impact of participation in the 
project within the community in which the 
institution is located; and 
‘‘(iii) a description of any means the 
institution will employ to reduce the costs 
of instructional materials, such as text-
books; 
‘‘(C) a description of each regulatory or 
statutory requirement for which waivers are 
sought, with a reason for each waiver; 
‘‘(D) a description of the expected out-
comes of the program changes proposed, includ-
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ing the estimated reductions in costs both for 
the institution and for students; 
‘‘(E) an assurance from each institution in 
a system or consortium of a commitment to ful-
fill its role as described in the application; 
‘‘(F) an assurance that the participating 
institution or system of institutions will offer 
full cooperation with the ongoing evaluations of 
the demonstration project provided for in this 
section; and 
‘‘(G) any other information or assurances 
the Secretary may require. 
‘‘(d) SELECTION.—In selecting institutions to partici-
pate in the demonstration project under this section, the 
Secretary shall take into account— 
‘‘(1) the number and quality of applications re-
ceived, determined on the basis of the contents re-
quired by subsection (c)(2); 
‘‘(2) the Department’s capacity to oversee and 
monitor each institution’s participation; 
‘‘(3) an institution’s— 
‘‘(A) financial responsibility; 
‘‘(B) administrative capability; 
‘‘(C) program or programs being offered 
via distance education, if applicable; 
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‘‘(D) student completion rates; and 
‘‘(E) student loan default rates; and 
‘‘(4) the participation of a diverse group of in-
stitutions with respect to size, mission, and geo-
graphic distribution. 
‘‘(e) NOTIFICATION.—The Secretary shall make 
available to the public and to the authorizing committees 
a list of institutions selected to participate in the dem-
onstration project authorized by this section. Such notice 
shall include a listing of the specific statutory and regu-
latory requirements being waived for each institution and 
a description of the innovations being demonstrated. 
‘‘(f) EVALUATIONS AND REPORTS.— 
‘‘(1) EVALUATION.—The Secretary shall evalu-
ate the demonstration project authorized under this 
section on a biennial basis. Such evaluations specifi-
cally shall review— 
‘‘(A) the extent to which expected out-
comes, including the estimated reductions in 
cost, were achieved; 
‘‘(B) the number and types of students 
participating in the programs offered, including 
the progress of participating students toward 
recognized certificates or degrees and the extent 
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to which participation in such programs in-
creased; 
‘‘(C) issues related to student financial as-
sistance associated with the innovations under-
taken; 
‘‘(D) effective technologies and alternative 
methodologies for delivering student financial 
assistance; 
‘‘(E) the extent of the cost savings to the 
institution, the student, and the Federal Gov-
ernment resulting from the waivers provided, 
and an estimate as to future cost savings for 
the duration of the demonstration project; 
‘‘(F) the extent to which students saved 
money by completing their postsecondary edu-
cation sooner; 
‘‘(G) the extent to which the institution re-
duced its tuition and fees and its costs by par-
ticipating in the demonstration project 
‘‘(H) the extent to which any collaborative 
arrangements with other institutions or organi-
zations have reduced the participating institu-
tion’s costs; and 
‘‘(I) the extent to which statutory or regu-
latory requirements not waived under the dem-
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onstration project present difficulties for stu-
dents or institutions. 
‘‘(2) POLICY
ANALYSIS.—The Secretary shall 
review current policies and identify those policies 
that present impediments to the implementation of 
innovations that result in cost savings and in ex-
panding access to education. 
‘‘(3) REPORTS.—The Secretary shall provide a 
report to the authorizing committees on a biennial 
basis regarding— 
‘‘(A) the demonstration project authorized 
under this section; 
‘‘(B) the results of the evaluations con-
ducted under paragraph (1); 
‘‘(C) the cost savings to the Federal Gov-
ernment by the demonstration project author-
ized by this section; and 
‘‘(D) recommendations for changes to in-
crease the efficiency and effective delivery of fi-
nancial aid. 
‘‘(g) OVERSIGHT.—In conducting the demonstration 
project authorized under this section, the Secretary shall, 
on a continuing basis— 
‘‘(1) ensure compliance of institutions or sys-
tems of institutions with the requirements of this 
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title (other than the sections and regulations that 
are waived under subsection (b)(2)); 
‘‘(2) provide technical assistance to institutions 
in their application to and participation in the dem-
onstration project; 
‘‘(3) monitor fluctuations in the student popu-
lation enrolled in the participating institutions or 
systems of institutions; 
‘‘(4) monitor changes in financial assistance 
provided at the institution; and 
‘‘(5) consult with appropriate accrediting agen-
cies or associations and appropriate State regulatory 
authorities. 
‘‘(h) TERMINATION OF AUTHORITY.—The authority 
of the Secretary under this section shall cease to be effec-
tive on October 1, 2012.’’. 
Æ 
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