such sums as may be necessary for each of the 5 
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.—