College Affordability and Transparency Act of 2007

Bill: 110-hr-472
Sponsor: Rep. McKeon, Howard P. "Buck" [R-CA-25]
Introduced: 2007-01-16 in the House
Policy area: Education
Subjects: Administrative procedure
College costs
College teachers
Colleges
Commerce
Congress
Congressional investigations
Congressional reporting requirements
Consumer education
Consumer price indexes
Cost control
Cost effectiveness
Department of Education
Distance education
Dropouts
Economic impact statements
Economics and Public Finance
Education of the disadvantaged
Educational accountability
Educational innovations
Educational statistics
Educational surveys
Electronic government information
Federal advisory bodies
Federal aid to education
Federally-guaranteed loans
Government Operations and Politics
Government lending
Government paperwork
Government publicity
Higher education
Internet
Law
Loan defaults
Performance measurement
Scholarships
Science, Technology, Communications
Social Welfare
Student aid
Student enrollment
Student loan funds
Teaching materials
Textbooks
Web sites

Summary:
action_date: 2007-01-16
text: 
College Affordability and Transparency Act of 2007 - Amends the Higher Education Act of 1965 to direct the Commissioner of Education Statistics, in redesigning the College Opportunity On-Line (COOL) website, to identify and include the data of greatest importance to prospective and enrolled students, and their families. 
 
Requires the Secretary of Education to publish, on such website, additional college affordability information comparing the change in each school's student costs with the change in the consumer price index (CPI) over the most recent three-year period.
 
Requires a school whose prices increase at more than twice the percentage change in the CPI over such time period to: (1) report an explanation to the Secretary; and (2) establish a quality-efficiency task force to review the school's operations, if the school's price increase is in the top 5% of such schools. Places schools on affordability alert status if their prices continue to exceed the CPI by such amount for two additional years. Requires publication of the explanatory reports, task force analyses, and affordability alerts on the COOL website.
 
Changes the student aid recipient survey to require that it be conducted at least once every four, rather than every three, years and include information on the effect students' costs and debt have on student school and career choices.
 
Authorizes the Secretary to select up to 100 schools to participate in a College Affordability Demonstration Project allowing increased innovation in the delivery of higher education and student financial aid to test the ability of innovations such as accelerated degree programs, distance education, and school collaborations with other schools and organizations, to reduce costs for students and schools. 


Legislative actions:
action_date: 2007-05-09
text: Referred to the Subcommittee on Higher Education, Lifelong Learning, and Competitiveness.
action_date: 2007-01-16
text: Referred to the House Committee on Education and Labor.
action_date: 2007-01-16
text: Introduced in House
action_date: 2007-01-16
text: Introduced in House