Sec. 111. College scorecard
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Part C of title I ( 20 U.S.C. 1015 et seq. ) is amended— by redesignating sections 133 through 137 as sections 134 through 138, respectively; and by inserting after section 132 the following: In this section: The term College Scorecard refers to the College Scorecard website developed and operated by the Department under subsection
(b)and any successor website. The term institution of higher education means an institution of higher education, as defined in section 102, that awards a degree or certificate. The term recent graduate , when used in reference to a graduate of an institution of higher education, shall mean a student who completed a course of study and earned a certificate or degree at the institution in any of the 6 most recent preceding years for which data are available. The Secretary shall develop and make publicly available a College Scorecard website to provide students and families with information regarding higher education affordability and value for each institution of higher education that receives funds under title IV. The Secretary, in consultation with the heads of relevant Federal agencies, shall develop a standard format to be used by the Secretary for public disclosure of information related to higher education affordability and value, including the information described in subsections
(d)and (e). The standard format developed under paragraph
(1)shall be based on recommendations from representatives of secondary school students and postsecondary students, the families of secondary school and postsecondary students, institutions of higher education, secondary school and postsecondary education counselors, and nonprofit consumer groups. The data used in the standard format shall be data that are available to the Secretary through other sources and reports. The standard format developed under subsection
(c)shall include, in a consumer-friendly manner that is simple and understandable, the following information for each degree- and certificate-granting institution of higher education that receives funds under title IV for the most recent year for which data are available: The average net price paid by enrolled students to attend the institution, calculated in a manner consistent with section 132(a)(3), for the subgroups of students at the institution in each of the following annual family income categories, and the percentage of students in each category: $0 to $30,000. $30,001 to $48,000. $48,001 to $75,000. $75,001 to $110,000. $110,001 and more. A visual representation that provides context for the information conveyed under subparagraph (A), including how the net price information compares to other institutions. The Commissioner of the National Center for Education Statistics may periodically adjust the annual family income categories described under subparagraph (A). For each institution, the percentages of certificate- or degree-seeking undergraduate students enrolled at the institution who obtain a certificate or degree within— 100 percent of the normal time for completion of, or graduation from, the student’s educational program; and 150 percent of the normal time for completion of, or graduation from, the student’s educational program. For each institution, the percentages of certificate- or degree-seeking undergraduate students enrolled at the institution— who persist and remain enrolled in the institution from academic term to academic term; and who persist and remain enrolled in the institution from year to year. For each institution, the percentages of certificate- or degree-seeking undergraduate students who have transferred to a 4-year institution of higher education within— 100 percent of the normal time for completion of, or graduation from, the student’s initial educational program; and 150 percent of the normal time for completion of, or graduation from, the student’s initial educational program. For each institution, a visual representation that provides context for the information conveyed under subparagraphs
(A)and
(B)and, as applicable, subparagraph (C), including how the completion, transfer, and persistence rates compare to other institutions. The percentage of students at the institution who have completed their certificate or degree program and who borrowed 1 or more loans under part B, D, or E of title IV, or private education loans, while attending the institution. The institution's speed-based loan repayment rate, as calculated under section 483D(c) and the comparison information described in section 483D(c)(4). A visual representation that provides context for the information conveyed under this paragraph, including how the information described in subparagraphs
(A)and
(B)compares to other institutions. The mean and median student loan debt, including private education loan debt, incurred by students who have earned a certificate or degree from the institution and who borrowed student loans in the course of obtaining such certificate or degree in the most recent year for which data are available. The percentage of students at the institution who have borrowed money to attend the institution. A visual representation that provides context for the information conveyed under subparagraphs
(A)and (B), including how the debt information compares to other institutions. The expected monthly repayment amounts for the mean and median student loan debt described in paragraph (4), under a standard repayment plan described in section 455(d)(1)(A) based on a 10-year period. A visual representation that provides context for the information conveyed under subparagraph (A), including how the repayment information compares to other similar institutions. A specification as to— whether the institution of higher education is a public, private nonprofit, or private for-profit institution; and whether the institution is a 4-year, 2-year, or less than 2-year institution and which degree type the institution primarily awards. Any other information the Secretary, in consultation with the heads of relevant Federal agencies, representatives of institutions of higher education, nonprofit consumer groups, and secondary and postsecondary students, and secondary school and postsecondary guidance counselors, determines necessary so that students and parents can make informed decisions regarding postsecondary education. The standard format developed for institutions of higher education under subsection
(c)shall— prominently and clearly identify if the institution has been identified under section 132(c)(1), and the reasons for each institution's identification; and provide a link to the webpage of the net price calculator of the institution, as required under section 132(h)(3). The standard format developed by the Secretary under subsection
(c)shall— use, for the terms described in subsection (d), standard definitions and names that are developed by the Secretary in consultation with the heads of relevant Federal agencies, representatives of institutions of higher education, nonprofit consumer groups, secondary and postsecondary students, and secondary school and higher education guidance counselors; and use standard formatting and design that the Secretary, in consultation with the heads of relevant Federal agencies, representatives of institutions of higher education, nonprofit consumer groups, secondary school students, postsecondary students, and secondary school and higher education guidance counselors determine are clear, understandable, and suitable for secondary school students. The Secretary shall carry out consumer testing for the College Scorecard in accordance with section 483C. Not later than 60 days after the conclusion of the consumer testing required under subsection (h), the Secretary shall— submit to the authorizing committees the final standard format for the College Scorecard and a report describing the results of consumer testing, including whether the Secretary added any additional items pursuant to subsection (d)(8); and make the final College Scorecard, including all information required for the standard format under subsections
(d)and
(e)for all institutions of higher education that receive funds until title IV, publicly available through a College Scorecard website and through a link on the following other websites: The College Navigator website described under section 132(i). The website of the College Affordability and Transparency Center. The website of the Office of Federal Student Aid. Each institution of higher education receiving funds under title IV shall— make the most recent College Scorecard for the institution publicly available on the website of the institution; distribute the most recent College Scorecard for the institution to prospective students and accepted students of the institution— in the same format in which the institution communicates with prospective and accepted students about applying to and enrolling in the institution; and in a manner that allows for the student or the family of the student to take such information into account before applying or enrolling, without regard to whether the information was requested; and in the case of an institution with high student default risk that is required under section 487(a)(32) to provide a student accepted for enrollment with a waiting period of not less than 2 weeks to consider postsecondary options, disclose to the student the College Scorecard of the institution at or before the start of such waiting period. Not later than 180 days after the date of enactment of the Higher Education Affordability Act , the Secretary shall coordinate, with entities such as States, institutions of higher education, State educational agencies, local educational agencies, secondary schools, and other agencies, and organizations involved in access to higher education and student financial aid, and implement a public awareness campaign in order to increase national awareness of the College Scorecard. The public awareness campaign carried out under this subsection shall disseminate information regarding the functions and methods of accessing the College Scorecard, and shall be implemented, to the extent practicable, using a variety of media, including print, television, radio, and the Internet. The Secretary shall design and implement the public awareness campaign carried out under this subsection based on relevant independent research and information on dissemination strategies found suitable for students in secondary school and postsecondary education. .
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Sec. 111
College scorecard
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