#aac? ,,congress  #b;d ,session  ,h4 ,r4
 #cacf  ,,an ,,act  ,to e/abli% a       
demon/ration program = compet5cy-bas$   
education4  #a4 ,%ort title ,?is ,act   
may be cit$ z ! ,advanc+                
,compet5cy-,bas$ ,education             
,demon/ration ,project ,act ( #bjad4    
#b4 ,compet5cy-bas$ education           
demon/ration projects  7a7 ,projects ,"p
 ,g ( title ,,iv ( ! ,high] ,education  
,act ( #aife 7#bj ,u4,s4,c4 #ajhh et    
seq47 is am5d$ by ins]t+ aft] section   
#dhf;,a ! foll[+3  #dhf;,b4             
,compet5cy-bas$ education demon/ration  
projects  7a7 ,demon/ration projects    
au?oriz$ ,! ,secret>y %all select1 9    
accordance ) subsection 7c71 eligible   
entities to volunt>ily c>ry out         
compet5cy-bas$ education demon/ration   
projects & receive waiv]s describ$ 9    
subsection 7d7 to c>ry out su* projects4
  7b7 ,application  7#a7 ,9 g5]al ,ea*  
eligible entity desir+ to c>ry out a    
demon/ration project "u ?is section %all
 submit an application to ! ,secret>y1  

at su* "t & 9 su* mann] z ! ,secret>y   
may require4  7#b7 ,outrea* ,! ,secret>y
 %all1 prior to any deadl9e to submit   
applications "u p>agraph 7#a71 conduct  
outrea* to hi/orically ,black colleges &
 univ]sities1 ,hispanic-s]v+            
in/itutions1 ,native ,am]ican-s]v+1     
nontribal in/itutions1 in/itutions s]v+ 
/ud5ts ) special ne$s1 & in/itutions    
locat$ 9 rural areas to provide ^?      
in/itutions ) in=mation on ! opportunity
 to apply to c>ry out a demon/ration    
project "u ?is section4  7#c7 ,am5dm5ts 
7,a7 ,9 ,g5]al ,an eligible entity t has
 be5 select$ to c>ry out a demon/ration 
project "u ?is section may submit to !  
,secret>y am5dm5ts to ! eligible        
entity's approv$ application "u p>agraph
 7#a71 at su* "t & 9 su* mann] z !      
,secret>y may require1 :i* ! ,secret>y  
%all approve or d5y )9 #ae days (       
receipt4  7,b7 ,exp&+ enrollm5t ,not)/&+
 ! assurance requir$ ) respect to       
maximum enrollm5t "u p>agraph           
7#c77;,h7--  7i7 an eligible entity ^:  

demon/ration project has be5 evaluat$ "u
 subsection 7f77#b7 n less ?an twice may
 submit to ! ,secret>y an am5dm5t to !  
eligible entity's application "u        
p>agraph 7#a7 to increase enrollm5t 9 ! 
project to m ?an #c1jjj /ud5ts1 b n m   
?an #e1jjj /ud5ts1 & :i* %all specify-- 
7,i7 ! propos$ maximum enrollm5t or     
annual enrollm5t gr[? = ! project2      
7,,ii7 h[ ! eligible entity w           
successfully c>ry out ! project ) su*   
maximum enrollm5t or enrollm5t gr[?2 &  
7,,iii7 any o!r am5dm5ts to ! eligible  
entity's application "u p>agraph 7#a7 t 
are relat$ to su* maximum enrollm5t or  
enrollm5t gr[?2 &  7ii7 ! ,secret>y %all
 det]m9e :e!r to approve or d5y an      
am5dm5t submitt$ "u clause 7i7 = a      
demon/ration project bas$ on ! project's
 evaluations "u subsection 7f77#b74     
7#d7 ,cont5ts ,ea* application %all     
include--  7,a7 a description ( !       
compet5cy-bas$ education to be (f]$ by !
 eligible entity "u ! demon/ration      
project2  7,b7 a description ( ! propos$

 academic deliv]y1 bus9ess1 & f9ancial  
models = ! demon/ration project1 includ+
 explanations ( h[ compet5cy-bas$       
education (f]$ "u ! demon/ration project
 w\ld--  7i7 result 9 ! a*ievem5t (     
compet5cies2  7ii7 diff] f /&>d cr$it   
h\r approa*es1 9 :ole or 9 "p2 &  7iii7 
result 9 l[] co/s or %ort5$ "t to       
degree1 c]tificate1 or cr$5tial         
completion2  7,c7 a description ( h[ !  
compet5cy-bas$ education (f]$ "u !      
demon/ration project w progress a /ud5t 
t[>d completion ( a degree1 c]tificate1 
or cr$5tial2  7,d7 a description ( h[ ! 
eligible entity w articulate !          
transcript f ! compet5cy-bas$ education 
demon/ration project to ano!r program )9
 an in/itution ( high] education t is "p
 ( ! eligible entity or to ano!r        
in/itution ( high] education2  7,e7 a   
description ( ! /atutory & regulatory   
requirem5ts describ$ 9 subsection 7d7 = 
:i* ! eligible entity is seek+ a waiv]1 
& :y su* waiv] is necess>y to c>ry out !
 demon/ration project2  7,f7 a          

description ( h[ ! eligible entity w    
develop & evaluate ! compet5cies &      
assessm5ts ( /ud5t k 7:i* may include   
prior-le>n+ assessm5ts7 adm9i/]$ z "p ( 
! demon/ration project1 includ+ h[ su*  
compet5cies & assessm5ts are align$ )   
work=ce ne$s2  7,g7 a description ( !   
proposal = det]m9+ a /ud5t's ,f$]al     
/ud5t aid eligibility "u ?is title =    
p>ticipat+ 9 ! demon/ration project1 !  
aw>d & di/ribution ( su* aid1 &         
safegu>ds to ensure t /ud5ts are mak+   
satisfactory progress t w>rants         
disbursem5t ( su* aid2  7,h7 a          
description ( ! /ud5ts to :om           
compet5cy-bas$ education w be (f]$1     
includ+ an assurance t ! demon/ration   
project w enroll a m9imum ( #ej & a     
maximum ( #c1jjj /ud5ts2  7,i7 an       
assurance t /ud5ts p>ticipat+ 9 !       
demon/ration project w n be eligible = m
 ,f$]al assi/ance "u ?is title ?an su*  
/ud5ts w\ld h be5 eligible = "u a       
traditional program2  7,j7 an assurance 
! eligible entity w id5tify & dissem9ate

 be/ practices ) respect to !           
demon/ration project to o!r eligible    
entities c>ry+ out a demon/ration       
project "u ?is section2 &  7,k7 ,a      
description ( ! population ( /ud5ts s]v$
 by ! eligible entity t are vet]ans or  
memb]s ( ! ,arm$ ,=ces & h[ su* eligible
 entity w1 :5 appropriate1 incorporate !
 specific ne$s ( su* population :5 c>ry+
 out ! demon/ration project4  7c7       
,selection  7#a7 ,9 g5]al ,n lat] ?an #f
 mon?s aft] ! date ( enactm5t ( ?is     
section1 ! ,secret>y %all select n m ?an
 #cj eligible entities to c>ry out a    
compet5cy-bas$ education demon/ration   
project "u ?is section4  7#b7           
,consid]ations ,9 select+ eligible      
entities "u p>agraph 7#a71 ! ,secret>y  
%all--  7,a7 prioritize projects :i* %[ 
promise 9 r$uc+ ! "t or co/ requir$ to  
complete a degree1 c]tificate1 or       
cr$5tial2  7,b7 consid] ! numb] &       
quality ( applications receiv$2  7,c7   
consid] an eligible entity's--  7i7     
ability to successfully execute !       

demon/ration project z describ$ 9 !     
eligible entity's application "u        
subsection 7b72  7ii7 commitm5t &       
ability to effectively f9ance !         
demon/ration project2  7iii7 ability to 
provide adm9i/rative capability & !     
exp]tise to evaluate /ud5t progress bas$
 on measures o!r ?an cr$it h\rs or clock
 h\rs2 &  7iv7 commitm5t to "w ) !      
,secret>y to evaluate ! demon/ration    
project & ! impact ( ! demon/ration     
project2  7,d7 ensure ! selection ( a   
div]se gr\p ( eligible entities )       
respect to size1 mission1 & geographic  
di/ribution ( ! eligible entities2  7,e7
 n limit ! types ( programs ( /udy or   
c\rses ( /udy approv$ = p>ticipation 9 a
 demon/ration project2 &  7,f7 n select 
an eligible entity t has _h1 = #a ( !   
prec$+ #b fiscal ye>s--  7i7 a cohort   
default rate 7def9$ 9 section #dce7m77 t
 is #cj p]c5t or great]2 &  7ii7 a      
borr[+ rate ( loans "u ?is title ( m ?an
 #ej p]c5t ( ! /ud5ts enroll$ at        
in/itutions ( high] education ( !       

eligible entity4  7d7 ,waiv]s ,!        
,secret>y may waive = any eligible      
entity select$ to c>ry out a            
demon/ration project "u ?is section any 
requirem5ts ( ! foll[+ provisions ( law 
7includ+ any regulations promulgat$ "u  
su* provisions7 or regulations & = :i* !
 eligible entity has provid$ a reason = 
waiv+ "u subsection 7b77#c77;,e73  7#a7 
,subp>agraphs 7,a7 & 7,b7 ( section     
#ajb7;a77#c74  7#b7 ,subsections 7a7 &  
7b7 ( section #dha1 z su* subsections   
relate to requirem5ts = a m9imum numb] (
 weeks ( in/ruction4  7#c7 ,section     
#dhd7l77#a74  7#d7 ,section             
#ffh4cb7;a77#a77;iii7 ( title #cd1 ,code
 ( ,f$]al ,regulations4  7#e7 ,any ( !  
requirem5ts "u provisions 9 title ,i1 "p
 ,f ( ?is title1 or ?is "p1 t inhibit ! 
op]ation ( compet5cy-bas$ education1    
includ+ requirem5ts ) respect to--  7,a7
 docum5t+ att5dance2  7,b7 weekly       
academic activity2  7,c7 m9imum weeks ( 
in/ructional "t2  7,d7 requirem5ts =    
cr$it h\r or clock h\r equival5cies2    

7,e7 requirem5ts = sub/antive int]action
 ) faculty2 &  7,f7 def9itions ( ! t]ms 
academic ye>1 full-"t /ud5t1 t]m        
7includ+ /&>d t]m1 non-t]m1 & non-/&>d  
t]m71 satisfactory academic progress1   
educational activity1 project ( /udy1 & 
paym5t p]iod4  7e7 ,notification ,n lat]
 ?an #f mon?s aft] ! date ( enactm5t (  
?is section1 ! ,secret>y %all make      
available to ! au?oriz+ committees & !  
public a li/ ( eligible entities select$
 to c>ry out a demon/ration project "u  
?is section1 :i* %all include = ea* su* 
eligible entity--  7#a7 ! specific      
/atutory & regulatory requirem5ts be+   
waiv$ "u subsection 7d72 &  7#b7 a      
description ( ! compet5cy-bas$ education
 programs ( /udy or c\rses ( /udy to be 
(f]$ "u ! project4  7f7 ,in=mation &    
evaluation  7#a7 ,in=mation  7,a7 ,9    
g5]al ,ea* eligible entity t c>ries out 
a demon/ration project "u ?is section   
%all provide to ! ,director ( !         
,in/itute ( ,education ,sci5ces )       
respect to ! /ud5ts p>ticipat+ 9 !      

compet5cy-bas$ education project c>ri$  
out by ! eligible entity ! foll[+       
in=mation3  7i7 ,! av]age numb] ( cr$it 
h\rs ! /ud5ts e>n$ prior to enrollm5t 9 
! demon/ration project1 if applicable4  
7ii7 ,! numb] & p]c5tage ( /ud5ts       
p>ticipat+ 9 ! demon/ration project t   
are also enroll$ 9 programs ( /udy or   
c\rses ( /udy (f]$ 9 cr$it h\rs or clock
 h\rs1 disaggregat$ by /ud5t /atus z a  
fir/-ye>1 second-ye>1 ?ird-ye>1         
f\r?-ye>1 or o!r /ud5t4  7iii7 ,! av]age
 p]iod ( "t betwe5 ! enrollm5t ( a /ud5t
 9 ! demon/ration project & ! fir/      
assessm5t ( /ud5t k ( su* /ud5t4  7iv7  
,! av]age "t to #be p]c5t1 #ej p]c5t1   
#ge p]c5t1 & #ajj p]c5t ( ! completion (
 a degree1 c]tificate1 or cr$5tial by a 
/ud5t :o p>ticipat$ 9 ! demon/ration    
project4  7v7 ,! p]c5tage ( assessm5ts (
 /ud5t k t /ud5ts pass$ on ! fir/       
attempt1 dur+ ! p]iod ( ! p>ticipation 9
 ! demon/ration project by ! /ud5ts4    
7vi7 ,! p]c5tage ( assessm5ts ( /ud5t k 
t /ud5ts pass$ on ! second attempt & !  

av]age p]iod ( "t betwe5 ! fir/ & second
 attempts by /ud5ts1 dur+ ! p]iod ( !   
p>ticipation 9 ! demon/ration project by
 ! /ud5ts4  7vii7 ,! av]age numb] (     
compet5cies a /ud5t acquir$ :ile        
p>ticipat+ 9 ! demon/ration project & ! 
p]iod ( "t dur+ :i* ! /ud5t acquir$ su* 
compet5cies4  7viii7 ,su* o!r in=mation 
z ! ,director may reasonably require4   
7,b7 ,employm5t data  7i7 ,9 g5]al ,ea* 
eligible entity t c>ries out a          
demon/ration project "u ?is section may 
provide to ! ,director ( ! ,in/itute (  
,education ,sci5ces ) respect to !      
/ud5ts p>ticipat+ 9 ! compet5cy-bas$    
education project c>ri$ out by !        
eligible entity ! numb] & p]c5tage (    
/ud5ts complet+ a compet5cy-bas$        
education program or c\rse ( /udy (f]$  
by su* eligible entity :o f9d employm5t 
9 a field relat$ to ! program or c\rse (
 /udy ( su* /ud5ts4  7ii7 ,te*nical     
assi/ance ,! ,director ( ! ,in/itute (  
,education ,sci5ces %all1 at ! reque/ ( 
an eligible entity1 provide te*nical    

assi/ance to su* eligible entity to     
assi/ su* eligible entity 9 collect+ &  
report+ accurate in=mation relat+ to !  
employm5t ( /ud5ts p>ticipat+ 9 a       
compet5cy-bas$ education project c>ri$  
out by su* eligible entity4  7,c7       
,disaggregation ,ea* eligible entity    
%all provide ! in=mation requir$ "u     
subp>agraph 7,a7 disaggregat$ by age1   
race1 g5d]1 disability /atus1 & /atus z 
a recipi5t ( a ,f$]al ,pell ,grant1     
provid$ t ! disaggregation ( ! in=mation
 does n id5tify any individual /ud5t    
p>ticipat+ 9 ! demon/ration project4    
7#b7 ,evaluation ,! ,director ( !       
,in/itute ( ,education ,sci5ces1 9      
consultation ) ! ,secret>y1 %all        
annually evaluate ea* demon/ration      
project "u ?is section4 ,ea* evaluation 
%all include--  7,a7 ! ext5t to :i* !   
eligible entity has met ! goals set =? 9
 its application to ! ,secret>y2  7,b7 !
 numb] & types ( /ud5ts p>ticipat+ 9 !  
compet5cy-bas$ education (f]$ "u !      
project1 includ+ ! progress ( p>ticipat+

 /ud5ts t[>d completion ( a degree1     
c]tificate1 or cr$5tial1 & ! ext5t to   
:i* p>ticipation & ret5tion 9 su*       
project increas$2  7,c7 :e!r ! project  
l$ to r$uc$ co/ or "t to completion ( a 
degree1 c]tificate1 or cr$5tial1 & !    
am\nt ( co/ or "t r$uc$ = su*           
completion2  7,d7 ob/acles relat$ to    
/ud5t f9ancial assi/ance =              
compet5cy-bas$ education2  7,e7 ! ext5t 
to :i* /atutory or regulatory           
requirem5ts n waiv$ "u subsection 7d7   
pres5t difficulties = /ud5ts or         
in/itutions ( high] education2  7,f7    
degree1 c]tificate1 or cr$5tial         
completion rates2  7,g7 ret5tion rates2 
7,h7 total co/ & net co/ to ! /ud5t ( ! 
compet5cy-bas$ education (f]$ "u !      
project2  7,i7 a description ( !        
assessm5ts ( /ud5t k & ! correspond+    
compet5cies2 &  7,j7 outcomes ( !       
assessm5ts ( /ud5t k4  7#c7 ,annual     
report ,! ,director ( ! ,in/itute (     
,education ,sci5ces %all annually       
provide to ! au?oriz+ committees a      

report on--  7,a7 ! evaluations ( !     
demon/ration projects requir$ "u        
p>agraph 7#b72  7,b7 ! numb] & types (  
/ud5ts receiv+ assi/ance "u ?is title = 
compet5cy-bas$ education "u su*         
projects2  7,c7 ! ret5tion & completion 
rates ( /ud5ts p>ticipat+ 9 su*         
projects2  7,d7 any propos$ /atutory or 
regulatory *anges design$ to support &  
enhance ! expansion ( compet5cy-bas$    
education1 :i* may be indep5d5t ( or    
comb9$ ) traditional cr$it h\r or clock 
h\r projects2  7,e7 ! mo/ effective     
means ( deliv]+ compet5cy-bas$ education
 ?r\gh demon/ration projects2 &  7,f7 ! 
appropriate level & di/ribution         
me?odology ( ,f$]al assi/ance "u ?is    
title = /ud5ts enroll$ 9 compet5cy-bas$ 
education4  7g7 ,ov]sight ,9 c>ry+ out  
?is section1 ! ,secret>y %all1 on a     
cont9u+ basis--  7#a7 assure compliance 
( eligible entities ) ! requirem5ts (   
?is title 7o!r ?an ! provisions ( law & 
regulations t are waiv$ "u subsection   
7d772  7#b7 provide te*nical assi/ance2 

7#c7 monitor fluctuations 9 ! /ud5t     
population enroll$ 9 ! eligible entities
 c>ry+ out ! demon/ration projects "u   
?is section2  7#d7 consult ) appropriate
 accr$it+ ag5cies or associations &     
appropriate ,/ate regulatory au?orities 
= additional ways ( improv+ ! deliv]y ( 
compet5cy-bas$ education2 &  7#e7       
collect & dissem9ate to eligible        
entities c>ry+ out a demon/ration       
project "u ?is section1 be/ practices ) 
respect to demon/ration projects "u ?is 
section4  7h7 ,disclosure ( au?orization
 to sell /ud5t data ,an eligible entity 
c>ry+ out a demon/ration project "u ?is 
section %all ensure t ea* in/itution (  
high] education ( ! eligible entity     
provides to ea* /ud5t1 or ! p>5ts ( ea* 
m9or /ud5t1 enroll$ 9 ! in/itution (    
high] education--  7#a7 a disclosure    
lett]1 :i* describes ! p]sonally        
id5tifiable in=mation ( ! /ud5t t may be
 sold by a p]son ) :om ! in/itution (   
high] education has an agreem5t to      
provide s(tw>e applications = /ud5ts2 & 

7#b7 an option to opt-out ( su*         
p]sonally id5tifiable in=mation f be+   
sold4  7i7 ,def9itions ,= ! purpose (   
?is section3  7#a7 ,compet5cy-bas$      
education ,! t]m compet5cy-bas$         
education means an educational process  
or program t measures k1 skills1 &      
exp]i5ce ?r\gh assessm5ts ( su* k1      
skills1 or exp]i5ce 9 place ( or 9      
addition to ! use ( cr$it h\rs or clock 
h\rs4  7#b7 ,eligible entity ,! t]m     
eligible entity means--  7,a7 an        
in/itution ( high] education includ+ an 
in/itution ( high] education t (f]s a   
dual-enrollm5t program "u :i* a second>y
 s*ool /ud5t is able simultane\sly to   
e>n cr$it t[>d a second>y s*ool diploma 
& a po/second>y degree1 c]tificate1 or  
cr$5tial2  7,b7 a sy/em ( in/itutions ( 
high] education2 or  7,c7 a consortium (
 in/itutions ( high] education4  7#c7   
,in/itution ( high] education ,! t]m    
in/itution ( high] education has ! mean+
 giv5 ! t]m 9 section #ajb1 except t su*
 t]m does n include in/itutions describ$

 9 section #ajb7;a77#a77;,c74  4  7b7   
,rule ( con/ruction ,no?+ 9 ?is ,act or 
! am5dm5ts made by ?is ,act %all be     
con/ru$ to alt] ! au?ority ( ! ,secret>y
 ( ,education to e/abli% exp]im5tal     
sites "u any o!r provision ( law4  7c7  
,report ,! ,secret>y ( ,education %all  
report to ,congress1 e #aj ye>s1 on !   
ne$s ( limit$ ,engli% pr(ici5t /ud5ts   
us+ ! ,free ,application = ,f$]al ,/ud5t
 ,aid4  7d7 ,fund+  7#a7 ,use ( exi/+   
funds ,( ! am\nt au?oriz$ to be         
appropriat$ = sal>ies & exp5ses ( !     
,dep>tm5t ( ,education1 #a1jjj1jjj %all 
be available to c>ry out ?is ,act & !   
am5dm5ts made by ?is ,act4  7#b7 ,no    
additional funds au?oriz$ ,no funds are 
au?oriz$ to be appropriat$ by ?is ,act  
to c>ry out ?is ,act or ! am5dm5ts made 
by ?is ,act4  #c4 ,high] ,education     
,regulatory ,re=m ,task ,=ce  7a7 ,task 
,=ce e/abli%$ ,n lat] ?an #b mon?s aft] 
! date ( enactm5t ( ?is ,act1 !         
,secret>y ( ,education %all e/abli% !   
,high] ,education ,regulatory ,re=m     

,task ,=ce4  7b7 ,memb]%ip ,! ,high]    
,education ,regulatory ,re=m ,task ,=ce 
%all include--  7#a7 ! ,secret>y (      
,education or ! ,secret>y's designee2   
7#b7 a repres5tative ( ! ,advisory      
,committee on ,/ud5t ,f9ancial          
,assi/ance e/abli%$ "u section #dia ( ! 
,high] ,education ,act ( #aife 7#bj     
,u4,s4,c4 #ajih72 &  7#c7 repres5tatives
 f ! high] education community1         
includ+--  7,a7 in/itutions ( high]     
education1 ) equal repres5tation (      
public & private nonpr(it in/itutions1 &
 two-ye> & f\r-ye> in/itutions1 & ) n   
less ?an #be p]c5t ( su* repres5tative  
in/itutions c>ry+ out di/ance education 
programs2 &  7,b7 nonpr(it organizations
 repres5t+ in/itutions ( high]          
education4  7c7 ,activities  7#a7       
,report requir$ ,n lat] ?an #f mon?s    
aft] ! date ( enactm5t ( ?is ,act1 !    
,secret>y ( ,education %all submit to   
,congress & make available on a publicly
 available website a report 79 ?is      
section ref]r$ to z ! ,high] ,education 

,regulatory ,re=m ,report7 prep>$ by !  
,high] ,education ,regulatory ,re=m     
,task ,=ce on ,dep>tm5t ( ,education    
regulatory requirem5ts = in/itutions (  
high] education describ$ 9 p>agraph     
7#b74  7#b7 ,cont5ts ( report ,! ,high] 
,education ,regulatory ,re=m ,report    
%all conta9 ! foll[+ ) respect to       
,dep>tm5t ( ,education regulatory       
requirem5ts = in/itutions ( high]       
education3  7,a7 ,a li/ ( rules t are   
det]m9$ to be outmod$1 duplicative1     
ineffective1 or excessively burd5some4  
7,b7 ,= ea* rule li/$ 9 accordance )    
subp>agraph 7,a7 & t is 9 effect at ! "t
 ( ! review "u subp>agraph 7,a71 an     
analysis ( :e!r ! co/s outweigh !       
b5efits = su* rule4  7,c7               
,recomm5dations to consolidate1 modify1 
simplify1 or repeal su* rules to make   
su* rules m effective or less burd5some4
  7,d7 ,a description ( ! ju/ification =
 & impact ( ! recomm5dations describ$ 9 
subp>agraph 7,c71 z appropriate &       
available1 includ+ support+ data = su*  

ju/ifications & ! f9ancial impact ( su* 
recomm5dations on in/itutions ( high]   
education ( v>y+ sizes & types4  7,e7   
,recomm5dations on ! e/abli%m5t ( a     
p]man5t entity to review new ,dep>tm5t (
 ,education regulatory requirem5ts      
affect+ in/itutions ( high] education4  
7#c7 ,notice & comm5t ,at lea/ #cj days 
be=e submission ( ! ,high] ,education   
,regulatory ,re=m ,report requir$ "u    
p>agraph 7#a71 ! ,secret>y ( ,education 
%all publi% ! report 9 ! ,f$]al ,regi/] 
= public notice & comm5t4 ,! ,high]     
,education ,regulatory ,re=m ,task ,=ce 
may modify ! report 9 response to any   
comm5ts receiv$ be=e submission ( !     
report to ,congress4  7d7 ,def9ition (  
in/itution ( high] education ,= !       
purposes ( ?is section1 ! t]m in/itution
 ( high] education has ! mean+ giv5 su* 
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 ,act ( #aife 7#bj ,u4,s4,c4 #ajjb71    
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in/itutions describ$ 9 subsection       
7a77#a77;,c7 ( su* section #ajb4  #d4   

,/udy on use ( individual income tax    
returns z prim>y application = f$]al    
/ud5t aid ,section #dhc ( ! ,high]      
,education ,act ( #aife 7#bj ,u4,s4,c4  
#ajij7 is am5d$ by add+ at ! end !      
foll[+ new subsection3  7i7 ,/udy on use
 ( individual income tax returns z      
prim>y application = f$]al /ud5t aid    
7#d7 ,/udy ,! ,secret>y ( ,education1 9 
consultation ) ! ,commission] ( ,int]nal
 ,rev5ue1 %all conduct a /udy on !      
feasibility & advantages & disadvantages
 ( us+ individual income tax returns z !
 prim>y =m ( application = /ud5t aid "u 
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,n lat] ?an "o ye> aft] ! date ( !      
enactm5t ( ?is subsection1 ! ,secret>y1 
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