,,ib ,union ,cal5d> ,no4 #fbd #aah? ,,congress #b;d ,session ,h4 ,r4 #fiea ,report ,no4 #aah-gci ,,9 ,,! ,,h\se ,,( ,,repres5tatives ,janu>y #aa1 #bjbd,ms4 ,foxx 7= h]self1 ,mr4 ,ow5s1 ,mr4 ,gro?man1 ,mr4 ,all51 ,mr4 ,smuck]1 ,mrs4 ,mc,clain1 ,mrs4 ,/eel1 & ,mr4 ,williams ( ,new ,york7 introduc$ ! foll[+ bill2 :i* 0 ref]r$ to ! ,committee on ,education & ! ,work=ce ,novemb] #ah1 #bjbd;,additional sponsors3 ,mrs4 ,h\*91 ,ms4 ,/efanik1 ,mr4 ,moran1 ,mr4 ,james1 ,mrs4 ,*avez-,de,remer1 ,mr4 ,b5tz1 ,mr4 ,murphy1 ,mr4 ,wilson ( ,s\? ,c>ol9a1 ,mr4 ,e/es1 ,mr4 ,mann1 ,mr4 ,res*5?al]1 ,mr4 ,sessions1 ,mr4 ,banks1 ,mr4 ,c>t] ( ,texas1 ,mr4 ,bean ( ,florida1 ,mrs4 ,mill] ( ,ill9ois1 ,mr4 ,com]1 ,mr4 ,kiley1 ,mr4 ,web] ( ,texas1 ,mr4 ,f9/ad1 ,mr4 ,amodei1 ,mr4 ,rog]s ( ,alabama1 ,mr4 ,r\z]1 ,mr4 ,edw>ds1 ,ms4 ,t5ney1 ,mr4 ,web/] ( ,florida1 ,mr4 ,van ,ord51 ,mr4 ,burgess1 ,mr4 ,la,malfa1 ,mr4 ,curtis1 ,mr4 ,yakym1 ,mr4 ,la,turner1 ,mr4 ,smi? ( ,nebraska1 ,mr4 ,van ,drew1 ,mr4 ,p5ce1 ,mr4 ,bilirakis1 ,mr4 ,mool5a>1 ,mr4 ,fleis*mann1 ,mr4 ,au/9 ,scott ( ,georgia1 ,mr4 ,du>te1 ,mr4 ,timmons1 ,mr4 ,l\d]milk1 ,mrs4 ,h>%b>g]1 ,mr4 ,posey1 ,mr4 ,hudson1 ,ms4 ,malliotakis1 ,mr4 ,scott ,frankl9 ( ,florida1 ,mr4 ,meus]1 ,mrs4 ,h9son1 ,mr4 ,langwor?y1 ,mr4 ,cl9e1 ,mr4 ,lamborn1 ,mrs4 ,mill] ( ,we/ ,virg9ia1 ,mrs4 ,luna1 ,mr4 ,ru!r=d1 ,mr4 ,fry1 ,mr4 ,f]guson1 ,mr4 ,calv]t1 ,mr4 ,johnson ( ,s\? ,dakota1 ,mr4 ,mills1 ,mr4 ,tony ,gonzales ( ,texas1 ,mr4 ,duncan1 ,mr4 ,scalise1 ,mr4 ,mooney1 ,mr4 ,rog]s ( ,k5tucky1 ,mr4 ,arr+ton1 ,mr4 ,h]n1 ,mr4 ,dunn ( ,florida1 ,mr4 ,al=d1 ,mr4 ,jackson ( ,texas1 ,mrs4 ,bice1 ,mr4 ,tiffany1 ,mr4 ,emm]1 ,mr4 ,ciscomani1 ,mr4 ,smi? ( ,miss\ri1 ,mr4 ,ad]holt1 ,mr4 ,mc,henry1 ,mr4 ,gu?rie1 ,mr4 ,d',esposito1 ,ms4 ,maloy1 ,mrs4 ,cammack1 ,mr4 ,pflug]1 ,ms4 ,van ,duyne1 ,mr4 ,z9ke1 ,mr4 ,ku/(f1 ,mr4 ,kelly ( ,p5nsylvania1 ,mr4 ,ful*]1 ,mr4 ,luetkemey]1 ,mr4 ,issa1 ,mr4 ,baird1 ,mr4 ,waltz1 ,mrs4 ,rodg]s ( ,wa%+ton1 ,mr4 ,des,jarlais1 ,mr4 ,mc,clintock1 ,mr4 ,rose1 ,mr4 ,jordan1 ,mr4 ,clyde1 ,mr4 ,norman1 ,mr4 ,we/]man1 ,ms4 ,grang]1 ,mr4 ,nehls1 ,mr4 ,donalds1 ,mr4 ,bre*e51 ,mr4 ,gre5 ( ,t5nessee1 ,mr4 ,good ( ,virg9ia1 ,mr4 ,bi%op ( ,nor? ,c>ol9a1 ,mr4 ,h>ris1 ,mr4 ,ellzey1 ,mr4 ,b]gman1 ,mr4 ,graves ( ,miss\ri1 ,mr4 ,mc,cormick1 ,mr4 ,valadao1 ,mr4 ,/aub]1 ,mr4 ,fallon1 ,mr4 ,fong1 ,mr4 ,williams ( ,texas1 ,mr4 ,la,lota1 ,mr4 ,smi? ( ,new ,j]sey1 ,mr4 ,moore ( ,alabama1 ,mr4 ,good5 ( ,texas1 ,mrs4 ,kiggans ( ,virg9ia1 ,ms4 ,hageman1 ,mr4 ,kelly ( ,mississippi1 ,mr4 ,la,hood1 ,mr4 ,self1 ,mr4 ,hill1 ,mr4 ,/eube1 ,mr4 ,bur*ett1 ,mr4 ,s*weik]t1 ,mr4 ,ob]nolte1 ,mrs4 ,lesko1 ,mr4 ,bu*anan1 ,mr4 ,fitzg]ald1 ,mr4 ,burlison1 ,mr4 ,cl\d1 ,mr4 ,ogles1 ,mr4 ,gaetz1 ,mr4 ,w5/rup1 ,mr4 ,lopez1 ,mr4 ,ma/1 ,mr4 ,griffi?1 ,mr4 ,hunt1 ,mr4 ,joyce ( ,ohio1 ,mr4 ,rulli1 ,mr4 ,cr5%aw1 & ,ms4 ,boeb]t ,novemb] #ah1 #bjbd,report$ ) an am5dm5t1 committ$ to ! ,committee ( ! ,:ole ,h\se on ! ,/ate ( ! ,union1 & ord]$ to be printed,strike out all aft] ! enact+ clause & ins]t ! "p pr9t$ 9 italic,for text ( introduc$ bill1 see copy ( bill z introduc$ on ,janu>y #aa1 #bjbd ,a ,,bill ,to l[] ! co/ ( po/second>y education = /ud5ts & families4 #a4 ,%ort title2 table ( cont5ts 7a7 ,%ort title ,?is ,act may be cit$ z ! ,college ,co/ ,r$uction ,act4 7b7 ,table ( cont5ts ,! table ( cont5ts = ?is ,act is z foll[s3 ,sec4 #a4 ,%ort title2 table ( cont5ts4,sec4 #b4 ,ref]5ces4,title ,i--,t,r,a,n,s,p,a,r,e,n,c,y,part ,a--,d,e,f,i,n,i,t,i,o,n,s,sec4 #aja4 ,def9itions4,"p ,b--,,college ,,co/s ,,& ,,f9ancial ,v,a,l,u,e,sec4 #aaa4 ,f9ancial aid (f]s4,sec4 #aab4 ,college scorec>d website4,sec4 #aac4 ,po/second>y /ud5t data sy/em4,sec4 #aad4 ,database ( /ud5t in=mation prohibit$4,title ,,ii--,,access ,,& ,a,f,f,o,r,d,a,b,i,l,i,t,y,part ,a--,,f9ancial ,n,e,e,d,sec4 #bja4 ,am\nt ( ne$2 co/ ( att5dance2 m$ian co/ ( college4,"p ,b--,,f9ancial ,a,i,d,subpart #a--;,grants,sec4 #baa4 ,f$]al ,pell ,grant program4,sec4 #bab4 ,campus-bas$ aid programs4,subp>t #b--,loans,sec4 #bba4 ,loan limits4,sec4 #bbb4 ,loan repaym5t4,sec4 #bbc4 ,loan rehabilitation4,sec4 #bbd4 ,int]e/ capitalization4,sec4 #bbe4 ,orig9ation fees4,title ,,iii--,,acc\ntability ,,& ,,/ud5t ,s,u,c,c,e,s,s,part ,a--,a,c,c,o,u,n,t,a,b,i,l,i,t,y,subpart #a--;,dep>tm5t ( ,education,sec4 #cja4 ,agreem5ts ) in/itutions4,sec4 #cjb4 ,regulatory relief4,sec4 #cjc4 ,limitation on au?ority ( ,secret>y to propose or issue regulations & ,executive actions4,sec4 #cjd4 ,(fice ( ,f$]al ,/ud5t ,aid4,subp>t #b--;,accreditors,sec4 #caa4 ,accr$it+ ag5cy recognition4,sec4 #cab4 ,national ,advisory ,committee on ,in/itutional ,quality & ,integrity 7,,naciqi74,sec4 #cac4 ,alt]native quality assurance exp]im5tal site initiative4,"p ,b--,,/ud5t ,s,u,c,c,e,s,s,sec4 #cba4 ,po/second>y /ud5t success grants4,sec4 #cbb4 ,rev]se ,transf] ,effici5cy ,act4,sec4 #cbc4 ,transp>5t & fair transf] ( cr$it policies4 #b4 ,ref]5ces 7a7 ,high] ,education ,act ( #aife ,except z o!rwise expressly provid$1 :5ev] 9 ?is ,act an am5dm5t or repeal is express$ 9 t]ms ( an am5dm5t to1 or repeal (1 a section or o!r provision1 ! ref]5ce %all be consid]$ to be made to a section or o!r provision ( ! ,high] ,education ,act ( #aife 7#bj ,u4,s4,c4 #ajja et seq474 7b7 ,,fafsa ,simplification ,act ,except z o!rwise expressly provid$1 :5ev] 9 ?is ,act a ref]5ce to a section or o!r provision ( ! ,high] ,education ,act ( #aife 7#bj ,u4,s4,c4 #ajja et seq47 ref]s to su* section or o!r provision z am5d$ or add$ by ! ,,fafsa ,simplification ,act1 ! ref]5ce %all be consid]$ to be made to ! section or o!r provision z am5d$ or add$ by-- 7#a7 title ,,vii ( division ,,ff ( ! ,consolidat$ ,appropriations ,act1 #bjba 7title ,,vii ( division ,,ff ( ,public ,law #aaf-bfj71 subject to ! effective date ( section #gja7;b7 ( su* ,act1 z am5d$ by section #ajb7;a7 ( ! ,,fafsa ,simplification ,act ,te*nical ,corrections ,act 7division ,r ( ,public ,law #aag-ajc7 7includ+ ! au?orization provid$ "u section #ajb7;c77#a77;,a7 ( su* ,act72 & 7#b7 ! ,,fafsa ,simplification ,act ,te*nical ,corrections ,act 7division ,r ( ,public ,law #aag-ajc74 ,i ,,transp>5cy ,a ,,def9itions #aja4 ,def9itions 7a7 ,def9itions ,section #ajc ( ! ,high] ,education ,act ( #aife 7#bj ,u4,s4,c4 #ajjc7 is am5d$ by add+ at ! end ! foll[+3 7#be7 ,cip code ,! t]m ,,cip code means ! six-digit taxonomic id5tification code assign$ by an in/itution ( high] education to a specific program ( /udy at ! in/itution1 det]m9$ by ! in/itution 9 accordance ) ! ,classification ( ,in/ructional ,programs publi%$ by ! ,national ,c5t] = ,education ,/ati/ics4 7#bf7 ,cr$5tial level 7,a7 ,9 g5]al ,! t]m cr$5tial level means ! level ( ! degree or o!r cr$5tial aw>d$ by an in/itution ( high] education to /ud5ts :o complete a program ( /udy ( ! in/itution4 ,ea* degree or o!r cr$5tial aw>d$ by an in/itution %all be categoriz$ by ! in/itution z ei!r und]graduate cr$5tial level or graduate cr$5tial level4 7,b7 ,und]graduate cr$5tial ,:5 us$ ) respect to a cr$5tial or cr$5tial level1 ! t]m und]graduate cr$5tial includes cr$5tials su* z an und]graduate c]tificate1 an associate degree1 a ba*elor's degree1 & a po/-baccalaureate c]tificate4 7,c7 ,graduate cr$5tial ,:5 us$ ) respect to a cr$5tial or cr$5tial level1 ! t]m graduate cr$5tial includes cr$5tials su* z a ma/]'s degree1 a doctoral degree1 a pr(essional degree1 & a po/graduate c]tificate4 7#bg7 ,program ( /udy ,! t]m program ( /udy means an academic program ( /udy (f]$ to /ud5ts by an in/itution ( high] education t-- 7,a7 ^u completion ( ! program1 results 9 ! aw>d ( a cr$5tial to a /ud5t1 includ+ a degree1 diploma1 or c]tificate1 = "o cr$5tial level2 7,b7 is c]tifi$ z a program ( /udy 9 ! in/itution's program p>ticipation agreem5t "u section #dhg2 & 7,c7 is classifi$ by a comb9ation (-- 7i7 a ,,cip code2 & 7ii7 "o cr$5tial level1 det]m9$ by ! cr$5tial aw>d$ ^u completion ( ! program4 7#bh7 ,program l5g? ,! t]m program l5g? means ! m9imum am\nt ( "t 9 weeks1 mon?s1 or ye>s t is specifi$ 9 ! catalog1 m>ket+ mat]ials1 or o!r (ficial publications ( an in/itution ( high] education = a full-"t /ud5t to complete ! requirem5ts = a specific program ( /udy & to obta9 ! degree or cr$5tial aw>d$ by su* program4 7#bi7 ,"t to cr$5tial ,! t]m "t to cr$5tial means1 ) respect to a /ud5t1 ! actual am\nt ( "t 9 weeks1 mon?s1 or ye>s x takes ! /ud5t to complete ! requirem5ts = a specific program ( /udy & to obta9 ! degree or cr$5tial aw>d$ by su* program4 7#cj7 ,value-add$ e>n+s 7,a7 ,calculation ,) respect to a /ud5t :o receiv$ ,f$]al f9ancial aid "u title ,,iv & :o complet$ a program ( /udy (f]$ by an in/itution ( high] education1 ! t]m value-add$ e>n+s means-- 7i7 ! annual e>n+s ( su* /ud5t measur$ dur+ ! applicable e>n+s measurem5t p]iod = su* program 7z det]m9$ "u subp>agraph 7,c772 m9us 7ii7 9 ! case ( a /ud5t :o complet$ a program ( /udy t aw>ds-- 7,i7 an und]graduate cr$5tial 7o!r ?an su* a cr$5tial aw>d$ by a qualify+ und]graduate program z def9$ 9 section #dee7;a77#d77;,b77ii771 #aej p]c5t ( ! pov]ty l9e applicable to a s+le individual z det]m9$ "u section #fgc7b7 ( ! ,community ,s]vices ,block ,grant ,act 7#db ,u4,s4,c4 #iijb7b77 = su* ye>2 or 7,,ii7 a graduate cr$5tial or an und]graduate cr$5tial aw>d$ by a qualify+ und]graduate program z def9$ 9 section #dee7;a77#d77;,b77ii71 #cjj p]c5t ( ! pov]ty l9e applicable to a s+le individual z det]m9$ "u section #fgc7b7 ( ! ,community ,s]vices ,block ,grant ,act 7#db ,u4,s4,c4 #iijb7b77 = su* ye>4 7,b7 ,geographic adju/m5t 7i7 ,9 g5]al ,except z provid$ 9 clause 7ii71 ! ,secret>y %all use ! geographic location ( ! in/itution at :i* a /ud5t complet$ a program ( /udy to adju/ ! value-add$ e>n+s ( ! /ud5t calculat$ "u subp>agraph 7,a7 by divid+-- 7,i7 ! diff]5ce betwe5 subclauses 7,i7 & 7,,ii7 ( su* subp>agraph2 by 7,,ii7 ! mo/ rec5t regional price p>ity index ( ! ,bureau ( ,economics ,analysis = ! ,/ate or1 z applicable1 metropolitan area 9 :i* su* in/itution is locat$4 7ii7 ,exception ,! value-add$ e>n+s ( a /ud5t calculat$ "u subp>agraph 7,a7 %all n be adju/$ bas$ on geographic location 9 accordance ) clause 7i7 if su* /ud5t att5d$ pr9cipally ?r\gh di/ance education4 7,c7 ,e>n+s measurem5t p]iod 7i7 ,9 g5]al ,= ! purpose ( calculat+ ! value-add$ e>n+s ( a /ud5t1 except z provid$ 9 clause 7ii71 ! annual e>n+s ( a /ud5t %all be measur$-- 7,i7 9 ! case ( a program ( /udy t aw>ds an und]graduate c]tificate1 po/ baccalaureate c]tificate1 or graduate c]tificate1 "o ye> aft] ! /ud5t completes su* program2 7,,ii7 9 ! case ( a program ( /udy t aw>ds an associate's degree or ma/]'s degree1 #b ye>s aft] ! /ud5t completes su* program2 & 7,,iii7 9 ! case ( a program ( /udy t aw>ds a ba*elor's degree1 doctoral degree1 or pr(essional degree1 #d ye>s aft] ! /ud5t completes su* program4 7ii7 ,exception ,! ,secret>y may1 z ! ,secret>y det]m9es appropriate bas$ on ! *>act]i/ics ( a program ( /udy1 ext5d an e>n+s measurem5t p]iod describ$ 9 clause 7i7 = a program ( /udy t-- 7,i7 requires completion ( an additional educational program aft] completion ( ! program ( /udy 9 ord] to obta9 a lic5sure associat$ ) ! cr$5tial aw>d$ = su* program ( /udy2 & 7,,ii7 :5 comb9$ ) ! program l5g? ( su* additional educational program = lic5sure1 has a total program l5g? t exce$s ! relevant e>n+s measurem5t p]iod prescrib$ = su* program ( /udy "u clause 7i71 except t 9 no case %all ! annual e>n+s ( a /ud5t be measur$ m ?an #e ye>s aft] ! /ud5t completes a program ( /udy4 4 ,b ,,college ,,co/s ,,& ,,f9ancial ,,value #aaa4 ,f9ancial aid (f]s 7a7 ,in/itution f9ancial aid (f] ,"p ,b ( title ,i ( ! ,high] ,education ,act ( #aife 7#bj ,u4,s4,c4 #ajaa et seq47 is am5d$ by add+ at ! end ! foll[+3 #abd4 ,in/itution f9ancial aid (f] =m 7a7 ,/&>d =m & t]m9ology ,! ,secret>y1 9 consultation ) ! heads ( relevant ,f$]al ag5cies1 %all develop /&>d t]m9ology & a /&>d =m = f9ancial aid (f]s bas$ on recomm5dations f repres5tatives ( /ud5ts1 vet]ans1 s]vicememb]s1 families ( /ud5ts1 in/itutions ( high] education 7includ+ community colleges1 =-pr(it in/itutions1 f\r-ye> public in/itutions1 & f\r-ye> private nonpr(it in/itutions71 f9ancial aid exp]ts1 second>y s*ool & po/second>y c\nselors1 college access pr(essionals1 nonpr(it organizations1 & consum] gr\ps4 7b7 ,key requir$ cont5ts = aid (f] ,! /&>d =m develop$ pursuant to subsection 7a7 %all be titl$ ,f9ancial ,aid ,(f] & %all include ! foll[+ items 9 a consum]-fri5dly mann] t is simple & und]/&able1 ) co/s li/$ fir/1 foll[$ by grants & s*ol>%ips1 cle>ly sep>at$ f ea* o!r ) sep>ate head+s3 7#a7 ,co/ in=mation 7,a7 ,9 g5]al ,in=mation on ! /ud5t's e/imat$ co/ ( att5dance1 includ+ ! foll[+3 7i7 ,direct co/s ,! total co/ ( all items describ$ 9 section #dgb t are bill$ to ! /ud5t by ! in/itution or o!rwise requir$ by ! in/itution = enrollm5t1 includ+ su* total co/ disaggregat$ by ! co/ ( ea* su* item1 includ+1 z det]m9$ "u su* section-- 7,i7 tuition & fees 7& o!r requir$ exp5ses72 & 7,,ii7 h\s+ & food = a /ud5t elect+ in/itutionally own$ or op]at$ food s]vices or in/itutionally own$ or op]at$ h\s+4 7ii7 ,indirect co/s ,! total co/ 7includ+ su* total co/ disaggregat$ by ! co/ ( ea* item7 z det]m9$ "u section #dgb1 (-- 7,i7 h\s+ & food = a /ud5t n elect+ in/itutionally own$ or op]at$ food s]vices & n liv+ 9 in/itutionally own$ or op]at$ h\s+2 7,,ii7 books1 s*ool supplies1 equipm5t1 c\rse mat]ials1 & r5tal or pur*ase ( a p]sonal comput]2 7,,iii7 transportation2 & 7,,iv7 any o!r item describ$ 9 su* section & n describ$ 9 clause 7i7 det]m9$ to be necess>y by ! in/itution4 7,b7 ,! academic p]iod cov]$ by ! f9ancial aid (f]1 & an explanation t ! am\nt ( f9ancial aid (f]$ may diff]-- 7i7 = academic p]iods n cov]$ by ! aid (f]1 su* z a summ] t]m or future academic ye>2 or 7ii7 by program4 7,c7 ,an indication ( :e!r co/ & aid e/imates are bas$ on full-"t or "p-"t enrollm5t4 7,d7 ,an indication1 z applicable1 ab\t :e!r any co/s describ$ 9 subp>agraph 7,a77i7 :i* are subject to *ange are-- 7i7 e/imat$ bas$ on ! previ\s ye>2 or 7ii7 set = ! academic p]iod indicat$ 9 accordance ) subp>agraph 7,b74 7#b7 ,grants & s*ol>%ips ,! aggregate am\nt ( grants & s*ol>%ips1 diff]5tiat$ by s\rce1 t ! /ud5t does n h to repay1 su* z grant aid (f]$ "u title ,,iv1 grant aid (f]$ ?r\gh o!r ,f$]al programs1 grant aid (f]$ by ! in/itution1 grant aid (f]$ by ! ,/ate1 &1 if kn[n1 grant aid or s*ol>%ip f an outside s\rce to ! /ud5t = su* academic p]iod1 includ+ a disclosure t ! grants & s*ol>%ips d n h to be repaid1 except t in/itutions %all be au?oriz$ to li/ individual grants & s*ol>%ips by "n at ! discretion ( ! in/itution4 7#c7 ,net price 7,a7 ,9 g5]al ,! net price t ! /ud5t1 is e/imat$ to h to pay = ! /ud5t to att5d ! in/itution = su* academic p]iod1 includ+ ! foll[+3 7i7 ,m9imum am\nt cov]$ by /ud5t = enrollm5t ,! net price ( tuition & fees 7& o!r requir$ exp5ses71 :i* is equal to-- 7,i7 ! sum ( ! co/s describ$ 9 p>agraph 7#a77;,a7 t are requir$ = /ud5ts 7z det]m9$ "u p>agraph 7#e77;,b77 = ! p]iod indicat$ 9 p>agraph 7#a77;,b72 m9us 7,,ii7 ! total am\nt ( grant & s*ol>%ip aid describ$ 9 p>agraph 7#b7 t is includ$ 9 ! f9ancial aid (f] & available to ! /ud5t = ! co/s describ$ 9 subclause 7,i74 7ii7 ,e/imat$ annual net price ( att5dance ,! e/imat$ net price ( att5dance1 :i* is equal to-- 7,i7 ! co/ ( att5dance = ! /ud5t = ! p]iod indicat$ 9 p>agraph 7#a77;,b72 m9us 7,,ii7 ! total am\nt ( grant & s*ol>%ip aid describ$ 9 p>agraph 7#b74 7,b7 ,disclosure ,a disclosure t ! e/imat$ annual net price ( att5dance z calculat$ "u subp>agraph 7,a77ii7 is bas$ on an e/imate ( ! total co/ ( att5dance = ! ye> & n necess>ily equival5t to ! am\nt ! /ud5t w owe directly to ! in/itution4 7#d7 ,loans 7,a7 ,in=mation on any education loan (f]$ ?r\gh any ,f$]al or ,/ate program 7includ+ any loan "u "p ,d or "p ,e ( title ,,iv o!r ?an a ,f$]al ,direct ,,plus ,loan7 t ! in/itution (f]s = ! /ud5t = ! academic p]iod cov]$ by ! (f]1 :i* %all be made-- 7i7 ) cle> use ( ! ^w loan to describe ! recomm5d$ loan am\nts2 & 7ii7 ) cle> label+ ( subsidiz$ & unsubsidiz$ loans4 7,b7 ,if applicable1 a disclosure t su* loans h to be repaid ) int]e/4 7,c7 ,in=mation on any o!r loan t ! /ud5t or p>5t has appli$ = & be5 approv$ =1 reg>dless ( ! s\rce4 7#e7 ,/ud5t employm5t ,in=mation on "w-/udy employm5t opportunities 7includ+ "w-/udy programs "u "p ,c ( title ,,iv1 in/itutional "w-/udy programs1 or ,/ate "w-/udy programs71 includ+-- 7,a7 ! maximum annual am\nt ! /ud5t may e>n ?r\gh ! program2 & 7,b7 a disclosure t any am\nts receiv$ pursuant to su* a program may be-- 7i7 subject to ! availability ( qualifi$ employm5t opportunities ^u /ud5ts enrollm5t2 & 7ii7 disburs$ ov] "t z e>n$ by ! /ud5t4 7#f7 ,process = accept+1 adju/+1 or decl9+ aid & next /eps 7,a7 ,! deadl9es & a summ>y ( ! process 7includ+ ! next /eps7 =-- 7i7 accept+ ! f9ancial aid (f]$2 7ii7 adju/+ ! am\nt ( aid (f]$2 & 7iii7 decl9+ ! aid (f]$4 7,b7 ,in=mation on :5 & h[ co/s describ$ 9 p>agraph 7#a77;,a77i7 mu/ be paid1 includ+ a cle> indication ( :e!r ea* su* co/ is requir$ or optional = ! /ud5t4 7,c7 ,a disclosure t v]ification ( in=mation provid$ on ! ,free ,application = ,f$]al ,/ud5t ,aid may require ! /ud5t to submit fur!r docum5tation4 7,d7 ,in=mation ab\t :]e a /ud5t or ! /ud5t's family c seek additional in=mation reg>d+ ! f9ancial aid (f]$1 includ+ contact in=mation = ! in/itution's f9ancial aid (fice & ! ,dep>tm5t ( ,education's website on f9ancial aid4 7,e7 ,in=mation ab\t :]e a /ud5t or a /ud5t's family c seek additional in=mation on college co/s & /ud5t outcomes1 includ+ a l9k to ! ,dep>tm5t ( ,education's ,college ,scorec>d website 7or successor website74 7#g7 ,net price calculator ,a l9k to ! univ]sal net price calculator website describ$ 9 section #acb7;c77#d74 7#h7 ,quick ref]5ce box ,a /&>diz$ quick ref]5ce box to enable /ud5ts to comp>e in=mation on ! co/s & f9ancial aid describ$ 9 p>agraphs 7#a7 & 7#b74 ,! quick ref]5ce box %all include ! foll[+ two data elem5ts3 7,a7 ,! m9imum am\nt cov]$ by ! /ud5t = enrollm5t describ$ 9 p>agraph 7#c77;,a77i74 7,b7 ,! e/imat$ annual net price ( att5dance describ$ 9 p>agraph 7#c77;,a77ii74 7#i7 ,additional in=mation ,any o!r in=mation ! ,secret>y1 9 consultation ) ! heads ( relevant ,f$]al ag5cies1 includ+ ! ,secret>y ( ! ,treasury & ! ,director ( ! ,bureau ( ,consum] ,f9ancial ,protection1 det]m9es necess>y1 bas$ on ! results & input ( ! consum] te/+ "u subsection 7h77#b71 & limit$ only to effectively communicat+ college co/s & f9ancial aid eligibility to /ud5ts & p>5ts4 7c7 ,o!r requir$ cont5ts = aid (f] ,! /&>d =m develop$ "u subsection 7a7 %all include1 9 addition to ! in=mation describ$ 9 subsection 7b71 ! foll[+ in=mation 9 a concise =mat det]m9$ by ! ,secret>y1 9 consultation ) ! heads ( relevant ,f$]al ag5cies & ! individuals & entities describ$ 9 subsection 7a73 7#a7 ,additional options & pot5tial res\rces = pay+ = ! am\nt li/$ 9 subsection 7b77#c71 su* z tuition paym5t plans4 7#b7 ,! foll[+ in=mation relat+ to private /ud5t loans & ,f$]al ,direct ,,plus ,loans3 7,a7 ,a disclosure t ,f$]al ,direct ,,plus ,loans1 private education loans1 or income %>e agreem5ts may be available to cov] rema9+ ne$1 except t ! in/itution may n include ,f$]al ,direct ,,plus ,loans or private education loans o!r ?an "u ! conditions describ$ 9 subsection 7b77#d77;,c7 & mu/ include a disclosure t su* loans-- 7i7 are subject to an additional application process2 & 7ii7 mu/ be repaid by ! borr[] or _! co-sign]1 & may n be eligible = ! b5efits available = ,f$]al ,direct ,loans or ,f$]al ,direct ,unsubsidiz$ ,loans4 7,b7 ,a /atem5t t /ud5ts consid]+ borr[+ to cov] ! co/ ( att5dance %\ld consid] available ,f$]al /ud5t loans prior to apply+ = private education loans1 includ+ an explanation t ,f$]al /ud5t loans (f] g5]ally m favorable t]ms & b5eficial repaym5t options ?an private loans4 7d7 ,additional =matt+ requirem5ts = f9ancial aid (f] ,! f9ancial aid (f] %all meet ! foll[+ requirem5ts3 7#a7 ,cle>ly di/+ui% betwe5 ! aid (f]$ "u p>agraphs 7#b7 & 7#d7 ( subsection 7b71 by includ+ a subtotal = ! aid (f]$ 9 ea* ( su* p>agraphs & by refra9+ f comm+l+ ! diff]5t types ( aid describ$ 9 su* p>agraphs4 7#b7 ,use /&>d t]m9ology & def9itions1 z describ$ 9 subsection 7f77#a71 & use pla9 language :]e possible4 7#c7 ,use ! /&>d aid (f] describ$ 9 subsection 7f77#b74 7e7 ,additional requirem5ts = electronic f9ancial aid (f]s ,9 ! case ( an electronic f9ancial aid (f] t includes a requirem5t t a /ud5t confirm receipt ( su* (f]1 su* confirmation may n be consid]$ an acceptance or rejection ( su* (f]4 7f7 ,supplem5tal cont5t & disclosures to be provid$ ,9 addition to ! /&>d =m describ$ "u subsection 7a71 in/itutions %all provide1 9 supplem5tal docum5ts or ?r\gh easily accessible webl9ks to ! in/itution's portal or a website1 ! foll[+3 7#a7 ,! r5ewability requirem5ts & conditions "u :i* ! /ud5t c expect to receive simil> am\nts ( su* f9ancial aid = ea* academic p]iod ! /ud5t is enroll$ at ! in/itution4 7#b7 ,:e!r ! aid (f] may *ange if aid f outside s\rces is appli$ aft] ! /ud5t receives ! initial aid (f]1 &1 if applicable1 h[ t aid w *ange4 7#c7 ,if loans "u "p ,d or "p ,e ( title ,,iv or o!r education loans (f]$ ?r\gh ,f$]al programs are includ$-- 7,a7 a disclosure t ! int]e/ rates & fees on su* loans are set annually & affect total co/ ov] "t1 & a l9k to any website t includes curr5t in=mation on int]e/ rates & fees2 & 7,b7 if an in/itution's recomm5d$ ,f$]al /ud5t loan aid (f]$ 9 subsection 7b77#d7 is less ?an ! ,f$]al maximum available to ! /ud5t1 ! in/itution %all provide additional in=mation on ,f$]al /ud5t loans includ+ ! types & am\nts = :i* ! /ud5t is eligible & ! process = reque/+ high] loan am\nts if (f]$ loan am\nts 7 includ$4 7#d7 ,if ! in/itution opts n to disclose o!r items describ$ 9 subsection 7b77#a77;,a77ii77,v7 z "p ( ! aid (f]1 a li/ ( su* o!r items & ! all[ance am\nt = ea* su* item4 7g7 ,/&>d in=mation e/abli%$ by ,secret>y 7#a7 ,/&>d t]m9ology ,n lat] ?an #c mon?s aft] ! date ( enactm5t ( ! ,college ,co/ ,r$uction ,act1 ! ,secret>y1 9 consultation ) ! heads ( relevant ,f$]al ag5cies1 & ! individuals & entities describ$ 9 subsection 7a7 %all e/abli% /&>d t]m9ology & def9itions = ! t]ms describ$ 9 subsection 7b74 7#b7 ,/&>d =m 7,a7 ,9 g5]al ,! ,secret>y ( ,education %all develop multiple draft f9ancial aid (f]s = consum] te/+1 c>ry out consum] te/+ = su* =ms1 & e/abli% a f9aliz$ /&>d f9ancial aid (f] 9 accordance )-- 7i7 ! process e/abli%$ "u subsection 7h72 & 7ii7 ! requirem5ts ( ?is section4 7,b7 ,sep>ate f9ancial aid (f]s ,! ,secret>y %all develop sep>ate f9ancial aid (f]s =-- 7i7 und]graduate /ud5ts2 & 7ii7 graduate /ud5ts4 7h7 ,additional in=mation2 removal ( in=mation ,no?+ 9 ?is section %all preclude an in/itution f-- 7#a7 supplem5t+ ! f9ancial aid (f] ) additional in=mation1 provid$ t su* in=mation utilizes ! same /&>d t]m9ology id5tifi$ 9 subsection 7f77#a7 & does n misrepres5t co/s1 f9ancial aid (f]$1 or net price2 or 7#b7 delet+ a requir$ item or disclosure if-- 7,a7 ! /ud5t is ineligible = su* aid2 7,b7 ! in/itution does n p>ticipate 9 ! aid program or type2 7,c7 ! aid (f] does n include ! aid program or type2 or 7,d7 a co/ ( att5dance item is n applicable to ! /ud5t4 7i7 ,developm5t ( f9ancial aid (f] 7#a7 ,draft =m ,n lat] ?an #i mon?s aft] ! date ( enactm5t ( ! ,college ,co/ ,r$uction ,act1 ! ,secret>y ( ,education1 9 consultation ) ! heads ( relevant ,f$]al ag5cies & ! individuals & entities describ$ 9 subsection 7a7 %all design & produce multiple draft f9ancial aid (f]s = consum] te/+ ) po/second>y /ud5ts or prospective /ud5ts4 ,9 develop+ t =m1 ! ,secret>y %all ensure t-- 7,a7 ! head+s describ$ 9 p>agraphs 7#a7 ?r\gh 7#d7 ( subsection 7b7 are 9 ! same font1 appe>s 9 ! same ord]1 & are display$ prom95tly on ! f9ancial aid (f]1 su* t none ( t in=mation is inappropriately omitt$ or deemphasiz$2 7,b7 ! o!r in=mation requir$ "u subsection 7b7 appe>s 9 a /&>d =mat & design on ! f9ancial aid (f]2 & 7,c7 ! in/itution may include a logo or br& alongside ! title ( ! f9ancial aid (f]4 7#b7 ,consum] te/+ 7,a7 ,9 g5]al ,n lat] ?an #i mon?s aft] ! date ( enactm5t ( ! ,college ,co/ ,r$uction ,act1 ! ,secret>y1 9 consultation ) ! heads ( relevant ,f$]al ag5cies1 %all e/abli% a process to submit ! f9ancial aid (f] drafts develop$ "u p>agraph 7#a7 = consum] te/+ among repres5tatives ( /ud5ts 7includ+ l[-income /ud5ts1 fir/ g5]ation college /ud5ts1 adult /ud5ts1 vet]ans1 s]vicememb]s1 & prospective /ud5ts71 /ud5ts' families 7includ+ l[-income families1 families ) fir/ g5]ation college /ud5ts1 & families ) prospective /ud5ts71 in/itutions ( high] education1 second>y s*ool & po/second>y c\nselors1 & nonpr(it consum] gr\ps4 7,b7 ,l5g? ( consum] te/+ ,! ,secret>y %all ensure t ! consum] te/+ "u ?is p>agraph la/s n long] ?an #h mon?s aft] ! process = consum] te/+ is develop$ "u subp>agraph 7,a74 7,c7 ,nonapplication ( pap]work r$uction act ,sub*apt] ,i ( *apt] #ce ( title #dd1 ,unit$ ,/ates ,code1 %all n apply to ! consum] te/+ process "u ?is p>agraph4 7#c7 ,f9al =m 7,a7 ,9 g5]al ,! results ( consum] te/+ "u p>agraph 7#b7 %all be us$ 9 ! developm5t ( ! f9aliz$ /&>d f9ancial aid (f] requir$ "u subsection 7f77#b74 7,b7 ,report+ requirem5t ,n lat] ?an #c mon?s aft] ! date on :i* ! consum] te/+ "u p>agraph 7#b7 concludes1 ! ,secret>y %all submit to ,congress1 & publi% on its website-- 7i7 ! f9al /&>d f9ancial aid (f]2 & 7ii7 a report detail+ ! results ( su* te/+1 includ+ :e!r ! ,secret>y add$1 modifi$1 or mov$ any additional items to ! /&>d f9ancial aid (f] pursuant to subsection 7b77#f74 7#d7 ,au?ority to modify ,! ,secret>y may modify or remove ! def9itions1 t]ms1 =matt+1 & design ( ! f9ancial aid (f] bas$ on ! results ( consum] te/+ requir$ "u ?is subsection & be=e f9aliz+ ! =m1 or 9 subsequ5t consum] te/+4 ,! ,secret>y may also recomm5d additional *anges to ,congress4 7j7 ,co/ ( att5dance def9$ ,9 ?is section1 ! t]m co/ ( att5dance has ! mean+ giv5 su* t]m 9 section #dgb4 7k7 ,use ( m&atory f9ancial aid (f] & t]ms 7#a7 ,9 g5]al ,not)/&+ any o!r provision ( law1 ea* in/itution ( high] education t receives ,f$]al f9ancial assi/ance "u ?is ,act %all-- 7,a7 use ! f9ancial aid (f] develop$ "u ?is section 9 provid+ pap]1 mobile-optimiz$ (f]s1 or o!r electronic (f]s to all /ud5ts :o apply = aid & are accept$ at ! in/itution2 & 7,b7 use ! /&>d t]m9ology & def9itions develop$ by ! ,secret>y "u subsection 7f77#a7 = all communications f ! in/itution relat$ to f9ancial aid (f]s4 7#b7 ,effective date ,! requirem5ts "u ?is section %all take effect on ! fir/ date on :i* ! ,secret>y releases ! ,free ,application = ,f$]al ,/ud5t ,aid = ! applicable aw>d ye> associat$ ) t application1 if su* date occurs n less ?an #a ye> aft] ! ,secret>y ( ,education f9alizes ! /&>d t]m9ology & =m develop$ 9 accordance ) ?is section4 7#c7 ,adm9i/rative proc$ures ,not)/&+ any o!r provision ( law1 ! ,secret>y %all n h ! au?ority to prescribe regulations to c>ry out ?is section1 includ+ ) respect to ! def9ition ( income %>e agreem5t or private education loan 7z su* t]m is def9$ 9 section #adj7;a7 ( ! ,tru? 9 ,l5d+ ,act 7#ae ,u4,s4,c4 #afej7;a7774 4 7b7 ,relation%ip to exi/+ law ,section #dhd ( ! ,high] ,education ,opportunity ,act 7#bj ,u4,s4,c4 #ajib note7 is am5d$ by add+ at ! end ! foll[+3 7c7 ,sunset ,! au?ority ( ! ,secret>y to c>ry out ?is section %all t]m9ate on ! date on :i* ! /&>d =m = f9ancial aid (f]s "u section #abd ( ! ,high] ,education ,act ( #aife 7#bj ,u4,s4,c4 #ajja et seq47 is releas$4 4 #aab4 ,college scorec>d website 7a7 ,college scorec>d website 7#a7 ,def9itions2 con=m+ am5dm5ts ,section #acb ( ! ,high] ,education ,act ( #aife 7#bj ,u4,s4,c4 #ajae;a7a77 is am5d$-- 7,a7 by am5d+ subsection 7a7 to read z foll[s3 7a7 ,def9itions ,9 ?is section3 7#a7 ,college scorec>d website ,! t]m ,college ,scorec>d website means ! ,college ,scorec>d website requir$ "u subsection 7c7 & includes any successor website4 7#b7 ,co/ ( att5dance ,! t]m co/ ( att5dance has ! mean+ giv5 su* t]m 9 section #dgb4 7#c7 ,total net price requir$ = completion ,! t]m total net price requir$ = completion means1 ) respect to ! p]iod ( completion ( a program ( /udy-- 7,a7 ! sum ( ! requir$ co/s describ$ 9 section #abd7;b77#c77;,a77i77,i7 *>g$ to a /ud5t = su* p]iod ( completion2 m9us 7,b7 ! total am\nt ( grant & s*ol>%ip aid describ$ 9 p>agraph 7#b7 ( section #abd7;b7 t is available to ! /ud5t = ! co/s describ$ 9 subp>agraph 7,a7 = completion ( a program ( /udy4 2 7,b7 by /rik+ subsections 7b7 ?r\gh 7g72 & 7,c7 by r$esignat+ subsection 7h7 z subsection 7b74 7#b7 ,scorec>d au?oriz$ ,section #acb ( ! ,high] ,education ,act ( #aife 7#bj ,u4,s4,c4 #ajae;a7 is fur!r am5d$-- 7,a7 by /rik+ subsection 7i72 & 7,b7 by ins]t+ aft] subsection 7b7 7z s r$esignat$7 ! foll[+3 7c7 ,consum] in=mation 7#a7 ,availability ( in=mation = title iv in/itutions & programs ,n lat] ?an #ah mon?s aft] ! date ( ! enactm5t ( ! ,college ,co/ ,r$uction ,act1 ! ,secret>y %all make publicly available on ! ,college ,scorec>d website ! foll[+ aggregat$ in=mation ) respect to ea* in/itution ( high] education & ea* program ( /udy at su* in/itution1 z applicable1 t p>ticipates 9 a program "u title ,,iv3 7,a7 ,a l9k to ! website ( ! in/itution4 7,b7 ,a l9k to ! net price calculator = su* in/itution4 7,c7 ,a l9k to ! website ( ! in/itution conta9+ campus safety data ) respect to su* in/itution4 7,d7 ,! geographic location ( ! in/itution4 7,e7 ,in=mation on ! type ( in/itution1 includ+ sector1 size1 pr$om9ant & highe/ cr$5tial aw>d$1 rese>* int5sity1 programs ( /udy (f]$1 & o!r *>act]i/ics ( ! in/itution4 7,f7 ,in=mation on /ud5t enrollm5t1 includ+ ! numb] & p]c5tage ( /ud5ts enroll$ full-"t1 less ?an full-"t1 & enroll$ 9 di/ance education4 7,g7 ,in=mation on /ud5t progression & completion1 includ+ "t to cr$5tial & rates ( )drawal1 ret5tion1 transf]1 or completion4 7,h7 ,in=mation on college co/s & f9ancial aid1 includ+ av]age1 m$ian1 m9imum1 & maximum values (-- 7i7 ! co/ ( att5dance1 includ+ su* co/ disaggregat$ by ! co/s describ$ 9 p>agraphs 7#a7 ?r\gh 7#ad7 ( section #dgb7;a72 7ii7 ! grants & s*ol>%ips receiv$ by /ud5ts at ! in/itution & ! numb] & p]c5tage ( su* /ud5ts receiv+ su* grants & s*ol>%ips1 disaggregat$ by s\rce & :e!r su* aid is ne$-bas$1 m]it-bas$1 an a?letic s*ol>%ip1 or o!r type ( grant or s*ol>%ip2 & 7iii7 ! total net price requir$ = completion = /ud5ts :o receiv$ ,f$]al f9ancial assi/ance describ$ 9 p>agraph 7#b77;,i74 7,i7 ,in=mation on /ud5t debt & repaym5t1 includ+-- 7i7 ! av]age1 m$ian1 m9imum1 & maximum am\nts borr[$ by /ud5ts "u title ,,iv2 & 7ii7 in=mation ) respect to repaym5t ( loans made "u title ,,iv1 includ+ borr[]-bas$ repaym5t rates1 doll>-bas$ repaym5t rates1 & "t sp5t 9 repaym5t4 7,j7 ,in=mation on ! e>n+s ( /ud5ts :o receiv$ ,f$]al f9ancial assi/ance describ$ 9 p>agraph 7#b77;,i71 includ+ ! av]age1 m$ian1 m9imum1 & maximum values (-- 7i7 ) respect to /ud5ts :o complete a program ( /udy 9 an aw>d ye>-- 7,i7 ! annual e>n+s ( su* /ud5ts2 & 7,,ii7 ! value-add$ e>n+s ( su* /ud5ts2 & 7ii7 ) respect to /ud5ts :o d n complete a program ( /udy 9 an aw>d ye>1 ! annual e>n+s ( su* /ud5ts4 7#b7 ,disaggregat$ in=mation ,! ,secret>y %all ensure ! in=mation describ$ 9 p>agraph 7#a7 is disaggregat$1 z applicable1 by ! foll[+ /ud5t *>act]i/ics3 7,a7 ,f9ancial circum/ances includ+-- 7i7 h\sehold income categories1 z det]m9$ by /ud5ts' adju/$ gross income1 family size1 & pov]ty l9e 7z def9$ 9 section #dja7;a772 & 7ii7 /ud5t aid index categories1 z det]m9$ by ! ,secret>y4 7,b7 ,sex4 7,c7 ,race & e?nicity4 7,e7 ,classification z a /ud5t ) a disability4 7,f7 ,enrollm5t /atus1 includ+ "p-"t or full-"t enrollm5t1 & /atus z a di/ance education /ud5t4 7,g7 ,/atus z an 9-di/rict1 9-,/ate1 or out-(-,/ate /ud5t4 7,h7 ,/atus z an int]national /ud5t4 7,i7 ,/atus z a recipi5t ( ,f$]al f9ancial assi/ance1 includ+-- 7i7 a ,pell ,grant2 7ii7 a loan made "u title ,,iv2 & 7iii7 assi/ance describ$ 9 section #aca7;f77#d7 adm9i/]$1 sponsor$1 or support$ by ! ,dep>tm5t ( ,def5se or ! ,dep>tm5t ( ,vet]ans ,affairs4 7,j7 ,/atus z a p>ticipant 9 a program describ$ 9 section #aaf7;b77#c77;,a77ii7 ( ! ,work=ce ,innovation & ,opportunity ,act 7#bi ,u4,s4,c4 #caca7;b77#c77;,a77ii774 7#c7 ,in/itutional & program comp>ison ,! ,secret>y %all include on ! ,college ,scorec>d website a me?od = us]s to easily comp>e in/itutions & programs1 includ+ 9 a mann] t all[s = su* comp>ison bas$ on-- 7,a7 ! in/itutional & program in=mation describ$ 9 p>agraph 7#a72 & 7,b7 ! /ud5t *>act]i/ics describ$ 9 p>agraph 7#b74 7#d7 ,univ]sal net price calculator 7,a7 ,e/abli%m5t ,n lat] ?an #ah mon?s aft] ! date ( ! enactm5t ( ?is p>agraph1 ! ,secret>y %all e/abli%1 on a d$icat$ website ( ! ,dep>tm5t1 a ,univ]sal ,net ,price ,calculator t provides to an individual1 ) respect to ea* in/itution ( high] education & program ( /udy (f]$ by su* in/itution-- 7i7 ! in=mation describ$ 9 section #abd1 includ+ ! am\nts describ$ 9 clauses 7i7 & 7ii7 ( subsection 7b77#c7 ( su* section2 & 7ii7 ! total net price requir$ = completion z def9$ "u section #acb7;a74 7,b7 ,univ]sal ,net ,price ,calculator inputs 7i7 ,9 g5]al ,except z provid$ 9 clause 7ii71 ! in=mation requir$ "u subp>agraph 7,a7 %all be g5]at$ bas$ on a s+le set ( que/ions develop$ by ! ,secret>y = purposes ( captur+ ! in=mation specifi$ 9 p>agraph 7#b7 & us+ ! data elem5ts describ$ 9 section #acb7;f77#b77;,c77ii74 7ii7 ,,fafsa-bas$ e/imate ,:5 an individual submits a ,free ,application = ,f$]al ,/ud5t ,aid describ$ 9 section #dhc1 ! in=mation requir$ "u subp>agraph 7,a7 %all be automatically g5]at$ bas$ solely on ! cont5ts ( su* application & ! data elem5ts describ$ 9 section #acb7;f77#b77;,c77ii74 7,c7 ,integration ) o!r ,f$]al f9ancial aid res\rces ,! ,secret>y %all ensure t a website l9k or o!r means ( access+ ! ,univ]sal ,net ,price ,calculator is includ$ on-- 7i7 ! ,college ,scorec>d website2 & 7ii7 ! ,,fafsa website4 7,d7 ,relation%ip to e>ly e/imator tool ,beg9n+ on ! date on :i* ! ,univ]sal ,net ,price ,calculator becomes op]ational1 ! ,secret>y %all remove f ! ,,fafsa website ! electronic e/imator ma9ta9$ pursuant to section #dhe;,e7b77#d74 7#e7 ,updates 7,a7 ,data ,! ,secret>y %all update ! ,univ]sal ,net ,price ,calculator ,website & ,college ,scorec>d website n less ?an annually4 7,b7 ,te*nology & =mat ,! ,secret>y %all regul>ly assess ! =mat & te*nology ( ! ,college ,scorec>d website & make any *anges or updates t ! ,secret>y consid]s appropriate4 7#f7 ,consum] te/+ ,9 develop+ & ma9ta9+ ! ,college ,scorec>d website1 ! ,secret>y1 9 consultation ) appropriate dep>tm5ts & ag5cies ( ! ,f$]al ,gov]nm5t-- 7,a7 n lat] ?an #f mon?s aft] ! date ( ! enactm5t ( ! ,college ,co/ ,r$uction ,act1 & n less ?an once e #c ye>s !reaft]1 %all conduct consum] te/+ ) appropriate p]sons1 includ+ curr5t & prospective college /ud5ts1 family memb]s ( su* /ud5ts1 in/itutions ( high] education1 & exp]ts1 to ensure t ! ,college ,scorec>d website is usable & easily und]/&able & provides useful & relevant in=mation to /ud5ts & families2 & 7,b7 prom95tly %all display on su* website 9 simple1 und]/&able1 & unbias$ t]ms = ! mo/ rec5t academic ye> = :i* satisfactory data is available1 ! in=mation describ$ 9 p>agraphs 7#a7 & 7#b7 t 0 det]m9$ to be useful & relevant to /ud5ts & families bas$ on ! consum] te/+ describ$ 9 subp>agraph 7,a7 = ea* in/itution & program ( /udy 7z applicable74 7#g7 ,int]ag5cy coord9ation ,! ,secret>y1 9 consultation ) ea* appropriate head ( a dep>tm5t or ag5cy ( ! ,f$]al ,gov]nm5t1 %all ensure1 to ! greate/ ext5t practicable1 t any in=mation relat$ to high] education t is publi%$ by su* dep>tm5t or ag5cy is consi/5t ) ! in=mation publi%$ on ! ,college ,scorec>d website4 7#h7 ,data collection & duplicat$ report+ ,not)/&+ any o!r provision ( ?is section1 to ! ext5t t ano!r provision ( ?is section requires ! same report+ or collection ( data t is requir$ "u ?is ,act1 an in/itution ( high] education1 or ! ,secret>y or ,commission]1 %all use ! report+ or data requir$ "u ?is subsection to satisfy bo? requirem5ts4 7#i7 ,data privacy 7,a7 ,9 g5]al ,! ,secret>y %all ensure any in=mation made available "u ?is section is made available 9 accordance ) ! privacy laws describ$ 9 section #acb7;f77#a77;,c77iv74 7,b7 ,small in/itutions & program ( /udy ,= purposes ( publi%+ ! in=mation describ$ 9 p>agraphs 7#a7 & 7#b71 = any ye> = :i* ! numb] ( /ud5ts is det]m9$ by ! ,secret>y to be ( insuffici5t size to ma9ta9 ! privacy ( /ud5t data 1 ! ,secret>y %all-- 7i7 aggregate up to #d ye>s ( additional data = su* program ( /udy to obta9 data = a suffici5t numb] ( /ud5ts to ma9ta9 /ud5t privacy2 7ii7 9 ! case ( a program ( /udy1 if ! me?od describ$ 9 clause 7i7 is insuffici5t to ma9ta9 /ud5t privacy1 aggregate data = /ud5ts :o complet$ or :o 7 enroll$ 91 z applicable1 simil> program ( /udy ( ! in/itution to obta9 data = a suffici5t numb] ( /ud5ts to ma9ta9 /ud5t privacy2 & 7iii7 9 ! case ( a program ( /udy1 if ! me?ods describ$ 9 clauses 7i7 & 7ii7 are insuffici5t to ma9ta9 /ud5t privacy1 or additional data describ$ 9 su* clauses is n available or c n be aggregat$1 aggregate data ) respect to all /ud5ts :o complet$ or 7 enroll$ 91 z applicable1 any program ( /udy ( ! in/itution ( ! same cr$5tial level1 9 lieu ( data specific to /ud5ts 9 su* program ( /udy4 4 7b7 ,con=m+ am5dm5ts ,! ,high] ,education ,act ( #aife 7#bj ,u4,s4,c4 #ajja et seq471 z am5d$ by subsection 7a7 ( ?is section1 is fur!r am5d$ by /rik+ ,college ,navigator ea* place x appe>s & ins]t+ ,college ,scorec>d4 7c7 ,ref]5ces ,any ref]5ce 9 any law 7o!r ?an ! ,high] ,education ,act ( #aife 7#bj ,u4,s4,c4 #ajja et seq4771 regulation1 docum5t1 record1 or o!r pap] ( ! ,unit$ ,/ates to ! ,college ,navigator website %all be consid]$ to be a ref]5ce to ! ,college ,scorec>d website4 #aac4 ,po/second>y /ud5t data sy/em ,section #acb ( ! ,high] ,education ,act ( #aife 7#bj ,u4,s4,c4 #ajae;a7 is fur!r am5d$-- 7#a7 by r$esignat+ subsections 7j7 & 7k7 z subsections 7d7 & 7e71 respectively2 7#b7 by r$esignat+ subsection 7l7 z subsection 7g72 & 7#c7 by ins]t+ aft] subsection 7e71 z s r$esignat$1 ! foll[+3 7f7 ,po/second>y /ud5t data sy/em 7#a7 ,9 g5]al 7,a7 ,e/abli%m5t ( sy/em ,n lat] ?an #c ye>s aft] ! date ( enactm5t ( ! ,college ,co/ ,r$uction ,act1 ! ,commission] ( ! ,national ,c5t] = ,education ,/ati/ics 7ref]r$ to 9 ?is subsection z ! ,commission]7 9 consultation ) ! ,director ( ! ,in/itute ( ,education ,sci5ces 7ref]r$ to z ! ,director7 %all develop & ma9ta9 a secure & privacy-protect$ po/second>y /ud5t-level data sy/em 9 ord] to-- 7i7 accurately evaluate /ud5t enrollm5t patt]ns1 progression1 completion1 & po/collegiate outcomes1 & high] education co/s & f9ancial aid2 7ii7 assi/ ) transp>5cy1 in/itutional improvem5t1 & analysis ( ,f$]al aid programs2 7iii7 provide accurate1 complete1 & cu/omizable in=mation = /ud5ts & families mak+ decisions ab\t po/second>y education2 & 7iv7 to ! ext5t practicable1 r$uce ! report+ burd5 on in/itutions ( high] education 9 accordance ) section #aaa ( ! ,college ,co/ ,r$uction ,act4 7,b7 ,avoid+ duplicate report+ ,not)/&+ any o!r provision ( ?is section1 to ! ext5t t ano!r provision ( ?is section requires ! same report+ or collection ( data t is requir$ "u ?is subsection1 an in/itution ( high] education1 or ! ,secret>y or ,commission]1 %all use ! report+ or data requir$ = ! po/second>y /ud5t data sy/em "u ?is subsection to satisfy bo? requirem5ts4 7,c7 ,developm5t process ,9 develop+ ! po/second>y /ud5t data sy/em describ$ 9 ?is subsection1 ! ,commission]1 9 consultation ) ! ,director1 %all-- 7i7 focus on ! ne$s (-- 7,i7 us]s ( ! data sy/em2 & 7,,ii7 entities1 includ+ in/itutions ( high] education1 report+ to ! data sy/em2 7ii7 take into consid]ation1 to ! ext5t practicable-- 7,i7 ! guidel9es outl9$ 9-- 7aa7 ! ,unit$ ,/ates ,web ,design ,/&>ds ma9ta9$ by ! ,g5]al ,s]vices ,adm9i/ration2 & 7bb7 ! ,digital ,s]vices ,playbook & ,tech,f,a,r ,h&book = ,procur+ ,digital ,s]vices ,us+ ,agile ,processes ( ! ,unit$ ,/ates ,digital ,s]vice2 & 7,,ii7 ! relevant successor docum5ts or recomm5dations ( su* guidel9es2 7iii7 use mod]n1 relevant privacy- & security-enhanc+ te*nology1 & enhance & update ! data sy/em z necess>y to c>ry out ! purpose ( ?is subsection2 7iv7 ensure data privacy & security is consi/5t ) any relevant ,f$]al law relat+ to privacy or data security1 includ+-- 7,i7 ! requirem5ts ( sub*apt] ,,ii ( *apt] #ce ( title #dd1 ,unit$ ,/ates ,code1 specify+ security categorization "u ! ,f$]al ,in=mation ,process+ ,/&>ds or any relevant successor ( su* /&>ds2 7,,ii7 security requirem5ts t are consi/5t ) ! ,f$]al ag5cy responsibilities 9 section #ceed ( title #dd1 ,unit$ ,/ates ,code1 or any relevant successor ( su* responsibilities2 & 7,,iii7 security requirem5ts1 guidel9es1 & controls consi/5t ) cyb]security /&>ds & be/ practices develop$ by ! ,national ,in/itute ( ,/&>ds & ,te*nology1 includ+ frameworks1 consi/5t ) section #b7;c7 ( ! ,national ,in/itute ( ,/&>ds & ,te*nology ,act 7#ae ,u4,s4,c4 #bgb7;c771 or any relevant successor ( su* frameworks2 7v7 foll[ ,f$]al data m9imization practices to ensure only ! m9imum am\nt ( data is collect$ to meet ! sy/em's goals1 9 accordance ) ,f$]al data m9imization /&>ds & guidel9es develop$ by ! ,national ,in/itute ( ,/&>ds & ,te*nology2 & 7vi7 provide notice to /ud5ts outl9+ ! data includ$ 9 ! sy/em & h[ ! data are us$4 7,d7 ,limitation ,! data sy/em develop$ "u ?is subsection may only include data ) respect to-- 7i7 /ud5ts receiv+-- 7,i7 ,f$]al f9ancial assi/ance "u title ,,iv ( ?is ,act2 or 7,,ii7 assi/ance describ$ 9 section #aca7;f77#d7 adm9i/]$1 sponsor$1 or support$ by ! ,dep>tm5t ( ,def5se or ! ,dep>tm5t ( ,vet]ans ,affairs2 & 7ii7 p>ticipants 9 a program describ$ 9 section #aaf7;b77#c77;,a77ii7 ( ! ,work=ce ,innovation & ,opportunity ,act 7#bi ,u4,s4,c4 #caca7;b77#c77;,a77ii774 7#b7 ,data elem5ts 7,a7 ,9 g5]al ,n lat] ?an #c ye>s aft] ! date ( enactm5t ( ! ,college ,co/ ,r$uction ,act1 ! ,commission]1 9 consultation ) ! ,po/second>y ,/ud5t ,data ,sy/em ,advisory ,committee & ! ,director1 e/abli%$ "u subp>agraph 7,b71 %all det]m9e-- 7i7 ! data elem5ts to be includ$ 9 ! po/second>y /ud5t data sy/em1 9 accordance ) subp>agraphs 7,c7 & 7,d72 & 7ii7 h[ to include ! data elem5ts requir$ "u subp>agraph 7,c71 & any additional data elem5ts select$ "u subp>agraph 7,d71 9 ! po/second>y /ud5t data sy/em4 7,b7 ,po/second>y /ud5t data sy/em advisory committee 7i7 ,e/abli%m5t ,n lat] ?an #a ye> aft] ! date ( enactm5t ( ! ,college ,co/ ,r$uction ,act1 ! ,commission]1 9 consultation ) ! ,director1 %all e/abli% a ,po/second>y ,/ud5t ,data ,sy/em ,advisory ,committee 7ref]r$ to 9 ?is subsection z ! ,advisory ,committee71 ^: memb]s %all include-- 7,i7 ! ,*ief ,privacy ,(fic] ( ! ,dep>tm5t or an (ficial ( ! ,dep>tm5t delegat$ ! duties ( ov]see+ data privacy at ! ,dep>tm5t2 7,,ii7 ! ,*ief ,security ,(fic] ( ! ,dep>tm5t or an (ficial ( ! ,dep>tm5t delegat$ ! duties ( ov]see+ data security at ! ,dep>tm5t2 7,,iii7 repres5tatives ( div]se in/itutions ( high] education1 :i* %all include equal repres5tation betwe5 #b-ye> & #d-ye> in/itutions ( high] education1 & f public1 nonpr(it1 & propriet>y in/itutions ( high] education1 includ+ m9ority-s]v+ in/itutions2 7,,iv7 repres5tatives f ,/ate high] education ag5cies1 entities1 bodies1 or bo>ds2 7,v7 repres5tatives ( po/second>y /ud5ts2 7,,vi7 repres5tatives f relevant ,f$]al ag5cies2 7,,vii7 individuals ) exp]tise 9 data privacy & security2 7,,viii7 ! individual )9 a ,/ate responsible = adm9i/]+ ! /atewide1 longitud9al data sy/em describ$ 9 section #bjh ( ! ,education ,sci5ces ,re=m ,act ( #bjjb 7#bj ,u4,s4,c4 #ifjg7;a772 & 7,,ix7 o!r /akehold]s 7includ+ individuals ) consum] protection & po/second>y education rese>*74 7ii7 ,requirem5ts ,! ,commission]1 work+ ) ! ,director1 %all ensure t ! ,advisory ,committee-- 7,i7 adh]es to all requirem5ts "u *apt] #aj ( title #e1 ,unit$ ,/ates ,code 7commonly kn[n z ! ,f$]al ,advisory ,committee ,act72 7,,ii7 e/abli%es op]at+ & meet+ proc$ures & guidel9es necess>y to execute its advisory duties2 & 7,,iii7 is provid$ ) appropriate /aff+ & res\rces to execute its advisory duties4 7,c7 ,requir$ data elem5ts ,! data elem5ts 9 ! po/second>y /ud5t data sy/em %all include ! foll[+3 7i7 ,/ud5t-level data elem5ts necess>y to calculate ! in=mation )9 ! surveys designat$ by ! ,commission] z /ud5t-relat$ surveys 9 ! ,integrat$ ,po/second>y ,education ,data ,sy/em 7,,ip$s71 z su* surveys are 9 effect on ! day be=e ! date ( enactm5t ( ! ,college ,co/ ,r$uction ,act1 except t 9 ! case t collection ( su* elem5ts w\ld conflict ) ! prohibition "u subp>agraph 7,f71 su* elem5ts 9 conflict ) su* prohibition %all be includ$ 9 ! aggregate in/ead ( at ! /ud5t level4 7ii7 ,/ud5t-level data elem5ts report$ by in/itutions 9 accordance ) section #ffh4djh ( title #cd1 ,code ( ,f$]al ,regulations1 z 9 effect on ,july #a1 #bjbd4 7iii7 ,/ud5t-level data elem5ts necess>y to all[ = report+ /ud5t enrollm5t1 p]si/5ce1 progression 7includ+ cr$it accumulation7 ret5tion1 transf]1 completion1 & "t & cr$its to cr$5tial measures = all cr$5tial levels sep>ately 7includ+ c]tificate1 associate1 baccalaureate1 & advanc$ degree levels71 )9 & across in/itutions ( high] education 7includ+ across all categories ( in/itution level1 control1 & pr$om9ant degree aw>d$74 ,! data elem5ts %all all[ = report+ ab\t all su* data disaggregat$ by ! foll[+ categories3 7,i7 ,enrollm5t /atus z a fir/-"t /ud5t1 rec5t transf] /ud5t1 or o!r nonfir/-"t /ud5t4 7,,ii7 ,att5dance int5sity1 :e!r full-"t or "p-"t4 7,,iii7 ,cr$5tial-seek+ /atus1 by cr$5tial level 7includ+ noncr$it-seek+ & noncr$it cr$5tials74 7,,iv7 ,race or e?nicity1 9 a mann] t captures all ! racial gr\ps specifi$ 9 ! mo/ rec5t ,am]ican ,community ,survey ( ! ,bureau ( ! ,c5sus4 7,v7 ,age int]vals4 7,,vi7 ,sex4 7,,vii7 ,/atus z a fir/ g5]ation college /ud5t 7z def9$ 9 section #djb;,a7h774 7,,viii7 ,economic /atus4 7,,ix7 ,measures relat$ to college read9ess1 includ+ p>ticipation 9 po/second>y rem$ial c\rsework or gateway c\rse completion4 7,x7 ,program ( /udy4 7,,xi7 ,/atus z an onl9e education /ud5t1 :e!r exclusively or p>tially enroll$ 9 onl9e education4 7,,xii7 ,milit>y or vet]an b5efit /atus 7z det]m9$ bas$ on receipt ( vet]an's education b5efits1 z def9$ 9 section #dhj7;c774 7,,xiii7 ,f$]al ,pell ,grant recipi5t /atus "u section #dja & ,f$]al loan recipi5t /atus "u title ,,iv4 7,,xiv7 ,/atus z a p>ticipant 9 a program describ$ 9 section #aaf7;b77#c77;,a77ii7 ( ! ,work=ce ,innovation & ,opportunity ,act 7#bi ,u4,s4,c4 #caca7;b77#c77;,a77ii774 7,d7 ,reevaluation ,n less ?an once e #c ye>s aft] ! implem5tation ( ! po/second>y /ud5t data sy/em describ$ 9 ?is subsection1 ! ,commission]1 9 consultation ) ! ,advisory ,committee describ$ 9 subp>agraph 7,b7 & work+ ) ! ,director1 %all report to ,congress ! data elem5ts includ$ 9 ! po/second>y /ud5t data sy/em & recomm5d any additional data elem5ts to be includ$ 9 su* sy/em4 7,e7 ,prohibitions ,! po/second>y /ud5t data sy/em %all n include individual heal? data 7includ+ data relat+ to physical heal? or m5tal heal?71 /ud5t discipl9e records or data1 elem5t>y & second>y education data1 an exact address1 c\rse grades1 po/second>y entrance exam9ation results1 political affiliation1 religion1 or any o!r data 9 ! po/second>y /ud5t data sy/em n describ$ 9 ?is subsection4 7#c7 ,p]iodic mat*+ ) o!r f$]al data sy/ems 7,a7 ,data %>+ agreem5ts 7i7 ,9 g5]al ,! ,commission]1 9 consultation ) ! ,director1 %all ensure secure & privacy-protect$ p]iodic data mat*es by ent]+ into data %>+ agreem5ts ) ea* ( ! foll[+ ,f$]al ag5cies & (fices3 7,i7 ,! ,secret>y ( ! ,treasury & ! ,commission] ( ! ,int]nal ,rev5ue ,s]vice1 9 ord] to calculate aggregate program- & in/itution-level e>n+s ( po/second>y /ud5ts describ$ 9 subp>agraph 7,b77ii74 7,,ii7 ,! ,secret>y ( ,def5se1 9 ord] to assess ! use ( po/second>y educational b5efits & ! outcomes ( s]vicememb]s :o are receiv+ vet]an's education b5efits 7z def9$ 9 section #dhj7;c774 7,,iii7 ,! ,secret>y ( ,vet]ans ,affairs1 9 ord] to assess ! use ( po/second>y educational b5efits & outcomes ( vet]ans :o are receiv+ vet]an's education b5efits 7z def9$ 9 section #dhj7;c774 7,,iv7 ,! ,director ( ! ,bureau ( ! ,c5sus1 9 ord] to assess ! employm5t outcomes ( =m] po/second>y education /ud5ts describ$ 9 p>agraph 7#a77;,d74 7,v7 ,! ,*ief ,op]at+ ,(fic] ( ! ,(fice ( ,f$]al ,/ud5t ,aid1 9 ord] to analyze ! use ( po/second>y educational b5efits provid$ "u ?is ,act4 7,,vi7 ,! ,commission] ( ! ,social ,security ,adm9i/ration1 9 ord] to evaluate labor m>ket outcomes ( =m] po/second>y education /ud5ts describ$ 9 p>agraph 7#a77;,d74 7,,vii7 ,! ,secret>y ( ,heal? & ,human ,s]vices1 9 ord] to evaluate ! wages ( =m] po/second>y education /ud5ts describ$ 9 p>agraph 7#a77;,d74 7ii7 ,data %>+ agreem5ts ,! heads ( ,f$]al ag5cies & (fices describ$ "u clause 7i7 %all ent] into data %>+ agreem5ts ) ! ,commission] to ensure secure & privacy-protect$ p]iodic data mat*es z describ$ 9 ?is p>agraph4 7,b7 ,categories ( data ,! ,commission]1 9 consultation ) ! ,director1 %all1 at a m9imum1 seek to ensure t ! secure & privacy-protect$ p]iodic data mat*es describ$ 9 subp>agraph 7,a7 p]mit consi/5t report+ ( ! foll[+ categories ( data = /ud5ts describ$ 9 p>agraph 7#a77;,d7 :o complet$ a program ( /udy & :o did n complete a program ( /udy3 7i7 ,enrollm5t1 ret5tion1 transf]1 & completion outcomes4 7ii7 ,f9ancial indicators = po/second>y /ud5ts receiv+ ,f$]al grants & loans1 includ+ grant & loan aid by s\rce1 cumulative /ud5t debt1 loan repaym5t /atus1 & repaym5t plan4 7iii7 ,po/-completion outcomes1 includ+ e>n+s & employm5t 7includ+ indu/ry1 occupation1 & location ( employm5t1 & fur!r education1 by program ( /udy & cr$5tial level7 & z measur$ at "t int]vals appropriate to ! cr$5tial s\ght & e>n$4 7,c7 ,p]iodic data mat* /reaml9+ & confid5tiality 7i7 ,/reaml9+ ,9 c>ry+ out ! secure & privacy-protect$ p]iodic data mat*es "u ?is p>agraph1 ! ,commission] %all-- 7,i7 ensure t su* mat*es are n cont9u\s1 b occur only p]iodically at appropriate int]vals1 z det]m9$ by ! ,commission] to meet ! goals ( subp>agraph 7,a72 & 7,,ii7 seek to-- 7aa7 /reaml9e ! data collection & report+ requirem5ts = in/itutions ( high] education2 7bb7 m9imize duplicative report+ across or )9 ,f$]al ag5cies or dep>tm5ts1 includ+ report+ requirem5ts applicable to in/itutions ( high] education "u ! ,work=ce ,innovation & ,opportunity ,act 7#bi ,u4,s4,c4 #caja et seq47 & ! ,c>l ,d4 ,p]k9s ,c>e] & ,te*nical ,education ,act ( #bjjf2 7cc7 protect /ud5t privacy2 & 7dd7 /reaml9e ! application process = /ud5t loan b5efit programs available to borr[]s bas$ on data available f diff]5t ,f$]al data sy/ems4 7ii7 ,review ,n less (t5 ?an once e #c ye>s aft] ! e/abli%m5t ( ! po/second>y /ud5t data sy/em "u ?is subsection1 ! ,commission]1 9 consultation ) ! ,advisory ,committee & ! ,director1 %all review me?ods = /reaml9+ data collection f in/itutions ( high] education & m9imiz+ duplicative report+ )9 ! ,dep>tm5t & across ,f$]al ag5cies t provide data = ! po/second>y /ud5t data sy/em4 7iii7 ,confid5tiality ,! ,commission] %all ensure t any p]iodic mat*+ or %>+ ( data ?r\gh p]iodic data sy/em mat*es e/abli%$ 9 accordance ) ?is p>agraph-- 7,i7 complies ) ! security & privacy protections describ$ 9 p>agraph 7#a77;,c77iv7 & o!r ,f$]al data protection protocols2 7,,ii7 foll[s indu/ry be/ practices comm5surate ) ! s5sitivity ( specific data elem5ts or metrics2 7,,iii7 does n result 9 ! creation ( a s+le /&+1 l9k$ ,f$]al database at ! ,dep>tm5t t ma9ta9s ! in=mation report$ across o!r ,f$]al ag5cies2 & 7,,iv7 discloses to po/second>y /ud5ts :at data are includ$ 9 ! data sy/em & p]iodically mat*$ & h[ ! data are us$4 7iv7 ,correction ,! ,commission]1 9 consultation ) ! ,advisory ,committee & ,director1 %all e/abli% a process = /ud5ts to reque/ access to only _! p]sonal in=mation = inspection & reque/ corrections to inaccuracies 9 a mann] t protects ! /ud5t's p]sonally id5tifiable in=mation4 ,! ,commission] %all respond 9 writ+ to e reque/ = a correction f a /ud5t4 7#d7 ,publicly available in=mation 7,a7 ,9 g5]al ,! ,commission] %all make ! summ>y aggregate in=mation describ$ 9 subp>agraph 7,c71 at a m9imum1 publicly available ?r\gh a us]-fri5dly consum] in=mation website & analytic tool = in/itutional & rese>* use t-- 7i7 provides appropriate me*anisms = us]s to cu/omize & filt] in=mation by in/itutional & /ud5t *>act]i/ics2 7ii7 all[s us]s to build summ>y aggregate reports ( in=mation1 includ+ reports t all[ comp>isons across multiple in/itutions & programs1 subject to subp>agraph 7,b72 7iii7 uses appropriate /ati/ical disclosure limitation te*niques necess>y to ensure t ! data releas$ to ! public _c be us$ to id5tify specific individuals2 & 7iv7 provides us]s ) appropriate contextual factors to make comp>isons1 :i* may include national m$ian figures ( ! summ>y aggregate in=mation describ$ 9 subp>agraph 7,c74 7,b7 ,no p]sonally id5tifiable in=mation available ,! summ>y aggregate in=mation describ$ 9 ?is p>agraph %all n include p]sonally id5tifiable in=mation4 7,c7 ,summ>y aggregate in=mation available ,! summ>y aggregate in=mation describ$ 9 ?is p>agraph %all1 at a m9imum1 include ea* ( ! foll[+ = ea* in/itution ( high] education3 7i7 ,measures ( /ud5t access1 includ+-- 7,i7 admissions selectivity & yield2 & 7,,ii7 enrollm5t1 disaggregat$ by ea* category describ$ 9 p>agraph 7#b77;,c77iii74 7ii7 ,measures ( /ud5t progression1 includ+ ret5tion rates & p]si/5ce rates1 disaggregat$ by ea* category describ$ 9 p>agraph 7#b77;,c77iii74 7iii7 ,measures ( /ud5t completion1 includ+-- 7,i7 transf] rates & outcomes1 completion rates1 & "t & cr$its to cr$5tial1 disaggregat$ by ea* category describ$ 9 p>agraph 7#b77;,c77iii72 & 7,,ii7 numb] ( completions1 disaggregat$ by ea* category describ$ 9 p>agraph 7#b77;,c77iii74 7iv7 ,measures ( /ud5t co/s1 includ+-- 7,i7 tuition1 requir$ fees1 co/ ( att5dance1 grants & s*ol>%ips1 net price1 & unmet ne$ disaggregat$ by 9-,/ate tuition or 9-di/rict tuition /atus 7if applicable71 direct & indirect co/s1 program ( /udy 7if applicable71 & cr$5tial level2 & 7,,ii7 typical grant am\nts & loan am\nts receiv$ by /ud5ts report$ sep>ately f ,f$]al1 ,/ate1 local1 in/itutional1 employ]s1 & o!r s\rces1 & cumulative debt1 disaggregat$ by-- 7aa7 ea* category describ$ 9 p>agraph 7#b77;,c77iii72 & 7bb7 completion /atus4 7v7 ,measures ( po/collegiate /ud5t outcomes1 includ+ return on inve/m5t1 employm5t rates1 e>n+s1 loan repaym5t & default rates1 & fur!r education rates4 ,^! measures %all-- 7,i7 be disaggregat$ by-- 7aa7 ea* category describ$ 9 p>agraph 7#b77;,c77iii72 & 7bb7 completion /atus2 & 7,,ii7 be measur$ imm$iately aft] leav+ po/second>y education & at "t int]vals appropriate to ! cr$5tial s\ght or e>n$4 7,d7 ,developm5t crit]ia ,9 develop+ ! me?od & =mat ( mak+ ! in=mation describ$ 9 ?is p>agraph publicly available1 ! ,commission] %all-- 7i7 focus on ! ne$s ( ! us]s ( ! in=mation1 :i* w include /ud5ts1 families ( /ud5ts1 pot5tial /ud5ts1 rese>*]s1 & o!r consum]s ( education data2 7ii7 take into consid]ation1 to ! ext5t practicable1 ! guidel9es describ$ 9 p>agraph 7#a77;,c77ii77,i71 & relevant successor docum5ts or recomm5dations ( su* guidel9es2 7iii7 use mod]n1 relevant te*nology & enhance & update ! po/second>y /ud5t data sy/em ) in=mation1 z necess>y to c>ry out ! purpose ( ?is p>agraph2 7iv7 ensure data privacy & security 9 accordance ) /&>ds & guidel9es develop$ by ! ,national ,in/itute ( ,/&>ds & ,te*nology1 & 9 accordance ) any o!r ,f$]al law relat+ to privacy or security1 includ+ comply+ ) ! requirem5ts ( sub*apt] ,,ii ( *apt] #ce ( title #dd1 ,unit$ ,/ates ,code1 specify+ security categorization "u ! ,f$]al ,in=mation ,process+ ,/&>ds1 & security requirem5ts1 & sett+ ( ,national ,in/itute ( ,/&>ds & ,te*nology security basel9e controls at ! appropriate level2 & 7v7 conduct consum] te/+ to det]m9e h[ to make ! in=mation z mean+ful to us]s z possible4 7#e7 ,p]missible disclosures ( data 7,a7 ,data reports & qu]ies 7i7 ,9 g5]al ,n lat] ?an #c ye>s aft] ! date ( enactm5t ( ! ,college ,co/ ,r$uction ,act1 ! ,commission] 9 consultation ) ! ,director1 %all develop & implem5t a secure & privacy-protect$ process = mak+ /ud5t-level1 nonp]sonally id5tifiable in=mation1 ) direct id5tifi]s remov$1 f ! po/second>y /ud5t data sy/em available = vett$ rese>* & evaluation purposes approv$ by ! ,commission] 9 a mann] compatible ) practices = disclos+ ,national ,c5t] = ,education ,/ati/ics re/rict$-use survey data z 9 effect on ! day be=e ! date ( enactm5t ( ! ,college ,co/ ,r$uction ,act1 or by apply+ o!r rese>* & disclosure re/rictions to ensure data privacy & security4 ,su* process %all be approv$ by ! ,national ,c5t] = ,education ,/ati/ics' ,disclosure ,review ,bo>d 7or successor body74 7ii7 ,provid+ data reports & qu]ies to in/itutions & /ates 7,i7 ,9 g5]al ,! ,commission] %all provide fe$back reports1 at lea/ annually1 to ea* in/itution ( high] education1 ea* po/second>y education sy/em t fully p>ticipates 9 ! po/second>y /ud5t data sy/em1 & ea* ,/ate high] education body z designat$ by ! gov]nor4 7,,ii7 ,fe$back reports ,! fe$back reports provid$ "u ?is clause %all include program-level & in/itution-level in=mation f ! po/second>y /ud5t data sy/em reg>d+ /ud5ts :o are associat$ ) ! in/itution or1 = ,/ate repres5tatives1 ! in/itutions )9 t ,/ate1 on or be=e ! date ( ! report1 on measures includ+ /ud5t mobility 7includ+ transf] & completion rates7 & work=ce outcomes1 provid$ t ! fe$back aggregate summ>y reports protect ! privacy ( individuals4 7,,iii7 ,det]m9ation ( cont5t ,! cont5t ( ! fe$back reports %all be det]m9$ by ! ,commission] 9 consultation ) ! ,advisory ,committee & ! ,director4 7iii7 ,p]mitt+ /ate data qu]ies ,! ,commission] %all1 9 consultation ) ! ,advisory ,committee & z soon z practicable1 create a process ?r\gh :i* ,/ates may submit li/s ( second>y s*ool graduates )9 ! ,/ate to receive summ>y aggregate outcomes = ^? /ud5ts :o enroll$ at an in/itution ( high] education1 includ+ po/second>y enrollm5t1 ret5tion & transf]1 & college completion1 provid$ t ^? data protect ! privacy ( individuals & t ! ,/ate data submitt$ to ! ,commission] are n /or$ 9 ! po/second>y education sy/em4 7iv7 ,regulations ,! ,commission] %all promulgate regulations to ensure fair1 secure & privacy-protect$1 & equitable access to data reports & qu]ies "u ?is p>agraph4 7,b7 ,disclosure limitations ,9 c>ry+ out ! public report+ & disclosure requirem5ts ( ?is subsection1 ! ,commission] %all use appropriate /ati/ical disclosure limitation te*niques necess>y to ensure t ! data releas$ to ! public _c include p]sonally id5tifiable in=mation or be us$ to id5tify specific individuals4 7,c7 ,sale ( data prohibit$ ,data collect$ "u ?is subsection1 includ+ ! public-use data set & data compris+ ! summ>y aggregate in=mation available "u p>agraph 7#d71 %all n be sold to any ?ird p>ty by ! ,commission]1 includ+ any in/itution ( high] education or any o!r entity4 7,d7 ,limitation on use by o!r f$]al ag5cies 7i7 ,9 g5]al ,! ,commission] %all n all[ any o!r ,f$]al ag5cy to use data collect$ "u ?is subsection = any purpose except-- 7,i7 = vett$ rese>* & evaluation conduct$ by ! o!r ,f$]al ag5cy1 z describ$ 9 subp>agraph 7,a77i72 or 7,,ii7 = a purpose explicitly au?oriz$ by an ,act ( ,congress4 7ii7 ,prohibition on limitation ( s]vices ,! ,secret>y1 or ! head ( any o!r ,f$]al ag5cy1 %all n use data collect$ "u ?is subsection to limit s]vices to /ud5ts4 7,e7 ,law en=cem5t ,p]sonally id5tifiable in=mation collect$ "u ?is subsection %all n be us$ = any ,f$]al1 ,/ate1 or local law en=cem5t activity or any o!r activity t w\ld result 9 adv]se action aga9/ any /ud5t or a /ud5t's family4 7,f7 ,limitation ( use = f$]al rank+s or summative rat+ sy/em ,! compreh5sive data collection & analysis necess>y = ! po/second>y /ud5t data sy/em "u ?is subsection %all n be us$ by ! ,secret>y or any ,f$]al entity to e/abli% any ,f$]al rank+ sy/em ( in/itutions ( high] education or a sy/em t results 9 a summative ,f$]al rat+ ( in/itutions ( high] education4 7,g7 ,rule ( con/ruction ,no?+ 9 ?is p>agraph %all be con/ru$ to prev5t ! use ( individual categories ( aggregate in=mation to be us$ = acc\ntability purposes4 7,h7 ,rule ( con/ruction reg>d+ comm]cial use ( data ,no?+ 9 ?is p>agraph %all be con/ru$ to prohibit ?ird-p>ty entities f us+ publicly available in=mation 9 ?is data sy/em = comm]cial use4 7#f7 ,submission ( data 7,a7 ,requir$ submission ,ea* in/itution ( high] education p>ticipat+ 9 a program "u title ,,iv1 or ! assign$ ag5t ( su* in/itution1 %all1 = ea* in/ructional program1 & 9 accordance ) section #dhg7;a77#ag71 collect1 & submit to ! ,commission]1 ! data reque/$ by ! ,commission] to c>ry out ?is subsection4 7,b7 ,volunt>y submission ,any in/itution ( high] education n p>ticipat+ 9 a program "u title ,,iv may volunt>ily p>ticipate 9 ! po/second>y /ud5t data sy/em "u ?is subsection by collect+ & submitt+ data to ! ,commission]1 z ! ,commission] may reque/ to c>ry out ?is subsection4 7,c7 ,p]sonally id5tifiable in=mation ,9 accordance ) p>agraph 7#b77;,c77i71 if ! submission ( an elem5t ( /ud5t-level data is prohibit$ "u p>agraph 7#b77;,f7 7or o!rwise prohibit$ by law71 ! in/itution ( high] education %all submit t data to ! ,commission] 9 ! aggregate4 7#g7 ,unlawful willful disclosure 7,a7 ,9 g5]al ,x %all be unlawful = any p]son :o obta9s or has access to p]sonally id5tifiable in=mation 9 connection ) ! po/second>y /ud5t data sy/em describ$ 9 ?is subsection to willfully disclose to any p]son 7except z au?oriz$ 9 ?is ,act or by any ,f$]al law7 su* p]sonally id5tifiable in=mation4 7,b7 ,p5alty ,any p]son :o violates subp>agraph 7,a7 %all be subject to a p5alty describ$ "u section #cegb7;f7 ( title #dd1 ,unit$ ,/ates ,code1 & section #ahc7;d77#f7 ( ! ,education ,sci5ces ,re=m ,act ( #bjjb 7#bj ,u4,s4,c4 #iegc7;d77#f774 7,c7 ,employee ( (fic] ( ! unit$ /ates ,if a violation ( subp>agraph 7,a7 is committ$ by any (fic] or employee ( ! ,unit$ ,/ates1 ! (fic] or employee %all be dismiss$ f (fice or dis*>g$ f employm5t ^u conviction = ! violation4 7#h7 ,data security ,! ,commission] %all produce & update z ne$$ guidance & regulations relat+ to privacy1 security1 & access :i* %all gov]n ! use & disclosure ( data collect$ 9 connection ) ! activities au?oriz$ 9 ?is subsection4 ,! guidance & regulations develop$ & review$ %all protect data f unau?oriz$ access1 use1 & disclosure1 & %all include-- 7,a7 an audit capability1 includ+ m&atory & regul>ly conduct$ audits2 7,b7 access controls2 7,c7 requirem5ts to ensure suffici5t data security1 quality1 validity1 & reliability2 7,d7 confid5tiality protection 9 accordance ) ! applicable provisions ( sub*apt] ,,iii ( *apt] #ce ( title #dd1 ,unit$ ,/ates ,code2 7,e7 appropriate & applicable privacy & security protection1 includ+ data ret5tion & de/ruction protocols & data m9imization1 9 accordance ) ! mo/ rec5t ,f$]al /&>ds develop$ by ! ,national ,in/itute ( ,/&>ds & ,te*nology2 & 7,f7 protocols = manag+ a brea*1 includ+ brea* notifications1 9 accordance ) ! /&>ds ( ,national ,c5t] = ,education ,/ati/ics4 7#i7 ,data collection ,! ,commission] %all ensure t data collection1 ma9t5ance1 & use "u ?is subsection complies ) section #eeb;a ( title #e1 ,unit$ ,/ates ,code4 7#aj7 ,def9itions ,9 ?is subsection3 7,a7 ,in/itution ( high] education ,! t]m in/itution ( high] education has ! mean+ giv5 ! t]m 9 section #ajb4 7,b7 ,m9ority-s]v+ in/itution ,! t]m m9ority-s]v+ in/itution means an in/itution ( high] education li/$ 9 section #cga7;a74 7,c7 ,p]sonally id5tifiable in=mation ,! t]m p]sonally id5tifiable in=mation means p]sonally id5tifiable in=mation )9 ! mean+ ( section #ddd ( ! ,g5]al ,education ,provisions ,act4 4 #aad4 ,database ( /ud5t in=mation prohibit$ 7a7 ,9 g5]al ,section #acd7;b7 ( ! ,high] ,education ,act ( #aife 7#bj ,u4,s4,c4 #ajae;c7b77 is am5d$ to read z foll[s3 7b7 ,exception ,! provisions ( subsection 7a7 %all n apply to a sy/em 7or a successor sy/em7-- 7#a7 t-- 7,a7 is necess>y = ! op]ation ( programs au?oriz$ by title ,,ii1 ,,iv1 or ,,vii2 & 7,b7 0 9 use by ! ,secret>y1 directly or ?r\gh a contractor1 z ( ! day be=e ! date ( enactm5t ( ! ,college ,co/ ,r$uction ,act2 or 7#b7 requir$ "u section #acb4 4 7b7 ,program p>ticipation agreem5ts 7#a7 ,9 g5]al ,p>agraph 7#ag7 ( section #dhg7;a7 ( ! ,high] ,education ,act ( #aife 7#bj ,u4,s4,c4 #ajid7;a77 is am5d$ to read z foll[s3 7#ag7 ,! in/itution or ! assign$ ag5t ( ! in/itution w collect & submit to ! ,commission] = ,education ,/ati/ics data 9 accordance ) section #acb7;f71 ! non-/ud5t relat$ surveys )9 ! ,integrat$ ,po/second>y ,education ,data ,sy/em 7,,ip$s71 or any o!r ,f$]al in/itution ( high] education data collection ef=t 7z designat$ by ! ,secret>y71 9 a timely mann] & to ! satisfaction ( ! ,secret>y4 4 7#b7 ,effective date ,! am5dm5t made by p>agraph 7#a7 %all take effect no lat] ?an #c ye>s aft] ! date ( enactm5t ( ?is ,act4 7c7 ,report+ burd5 ,! ,secret>y ( ,education & ! ,commission] = ,education ,/ati/ics %all take su* /eps z are necess>y to ensure t ! developm5t & ma9t5ance ( ! po/second>y /ud5t data sy/em requir$ "u section #acb7;f7 ( ! ,high] ,education ,act ( #aife1 z add$ by section #aac ( ?is ,act1 occurs 9 a mann] t1 to ! ext5t practicable1 r$uces ! report+ burd5 = entities t report$ into ! ,integrat$ ,po/second>y ,education ,data ,sy/em 7,,ip$s74 ,,ii ,,access ,,& ,,af=dability ,a ,,f9ancial ,,ne$ #bja4 ,am\nt ( ne$2 co/ ( att5dance2 m$ian co/ ( college 7a7 ,am\nt ( ne$ ,section #dga 7#bj ,u4,s4,c4 #ajhgkk71 z am5d$ by ! ,,fafsa ,simplification ,act1 is fur!r am5d$ by am5d+ p>agraph 7#a7 to read z foll[s3 7#a7 7,a7 = aw>d ye> #bjbd-bjbe1 ! co/ ( att5dance ( su* /ud5t2 & 7,b7 = aw>d ye> #bjbe-bjbf & ea* subsequ5t aw>d ye>1 ! m$ian co/ ( college ( ! program ( /udy ( su* /ud5t1 m9us 4 7b7 ,co/ ( att5dance ,section #dgb7;c7 7#bj ,u4,s4,c4 #ajhgll7c771 z am5d$ by ! ,,fafsa ,simplification ,act1 is fur!r am5d$ by /rik+ ( ! in/itution & ins]t+ ( ea* program ( /udy at ! in/itution4 7c7 ,m$ian co/ ( college ,"p ,f ( title ,,iv 7#bj ,u4,s4,c4 #ajhgkk71 z am5d$ by ! ,,fafsa ,simplification ,act1 is fur!r am5d$ by ins]t+ aft] section #dgb1 z am5d$ by subsection 7b71 ! foll[+3 #dgb;,a4 ,det]m9ation ( m$ian co/ ( college ,= ! purpose ( ?is title1 ! t]m m$ian co/ ( college1 :5 us$ ) respect to a program ( /udy (f]$ by "o or m in/itutions ( high] education = an aw>d ye>1 means ! m$ian ( ! co/ ( att5dance 7z def9$ 9 section #dgb7 = ! program ( /udy across all in/itutions ( high] education (f]+ su* a program = ! prec$+ aw>d ye>4 4 7d7 ,exemption ( c]ta9 assets 7#a7 ,9 g5]al ,section #dhj7;f77#b7 ( ! ,high] ,education ,act ( #aife1 z am5d$ by ! ,,fafsa ,simplification ,act1 is fur!r am5d$-- 7,a7 by /rik+ net value ( ! & ins]t+ ! foll[+3 ! net value (-- 7,a7 ! 2 7,b7 by /rik+ ! p]iod at ! end & ins]t+ a semicolon2 & 7,c7 by add+ at ! end ! foll[+3 7,b7 a family f>m on :i* ! family resides2 or 7,c7 a small bus9ess ) n m ?an #ajj full-"t or full-"t equival5t employees 7or any "p ( su* a small bus9ess7 t is own$ & controll$ by ! family4 4 7#b7 ,effective date ,! am5dm5ts made by p>agraph 7#a7 %all take effect = aw>d ye> #bjbe-bjbf & ea* subsequ5t aw>d ye>4 ,b ,,f9ancial ,,aid #a ,grants #baa4 ,f$]al ,pell ,grant program ,section #dja7;b77#c7 7#bj ,u4,s4,c4 #ajgj;a7b77#c771 z am5d$ by ! ,,fafsa ,simplification ,act1 is fur!r am5d$ to read z foll[s3 7#c7 ,aw>d may n exce$ m$ian co/ ( college ,) respect to aw>d ye> #bjbe-bjbf & ea* succe$+ aw>d ye>1 no ,f$]al ,pell ,grant "u ?is subp>t %all exce$ ! m$ian co/ ( college 7z def9$ 9 section #dgb;,a7 = ! program at :i* t /ud5t is 9 att5dance4 ,if1 ) respect to any /ud5t1 x is det]m9$ t ! am\nt ( a ,f$]al ,pell ,grant = t /ud5t exce$s ! m$ian co/ ( college = su* program = t ye>1 ! am\nt ( ! ,f$]al ,pell ,grant %all be r$uc$ until ! ,f$]al ,pell ,grant does n exce$ ! m$ian co/ ( college = su* program = t ye>4 4 #bab4 ,campus-bas$ aid programs 7a7 ,t]m9ation ( c]ta9 programs ,not)/&+ subp>ts #c & #d ( "p ,a1 or "p ,c1 ( title ,,iv ( ! ,high] ,education ,act ( #aife 7#bj ,u4,s4,c4 #ajgj et seq471 or any o!r provision ( law1 except z expressly au?oriz$ by an ,act ( ,congress enact$ aft] ! date ( enactm5t ( ?is ,act1 beg9n+ on ,octob] #a1 #bjbf1 no funds are au?oriz$ to be appropriat$1 or may be exp5d$1 "u ?is ,act or any o!r ,act to make paym5ts to ,/ates = ! ,lev]ag+ ,educational ,assi/ance ,p>tn]%ip ,program "u subp>t #d ( "p ,a ( title ,,iv 7#bj ,u4,s4,c4 #ajgj;c et seq471 & ! au?ority ( ! ,secret>y to c>ry out su* program %all be t]m9at$4 7b7 ,promise grants ,subp>t #d ( "p ,a ( title ,,iv ( ! ,high] ,education ,act ( #aife 7#bj ,u4,s4,c4 #ajgj;c et seq47 is am5d$ to read z foll[s3 #d ,promot+ ,real ,opportunities to ,maximize ,inve/m5ts & ,sav+s 9 ,education #dae;,a4 ,purpose ,x is ! purpose ( ?is subp>t to provide p]=mance-bas$ grants to-- 7#a7 assi/ in/itutions 9 provid+ c]ta9ty to /ud5ts & families ab\t po/second>y af=dability2 7#b7 increase po/second>y access & economic mobility2 & 7#c7 ensure t /ud5ts1 in/itutions1 & taxpay]s receive a f9ancial return = inve/m5ts 9 po/second>y education4 #dae;,b4 ,promise grants ,= aw>d ye> #bjbf-bjbg & ea* succe$+ aw>d ye>1 f res]v$ funds remitt$ to ! ,secret>y 9 accordance ) section #ded7;d7 & additional funds au?oriz$ "u section #dae;,e1 z necess>y1 ! ,secret>y %all aw>d ,,promise grants to eligible in/itutions to c>ry out ! purpose ( ?is subp>t4 ,,promise grants aw>d$ "u ?is subp>t %all be p]=mance-bas$ & %all be aw>d$ to ea* eligible in/itution = a #f-ye> p]iod 9 an am\nt t is det]m9$ 9 accordance ) section #dae;,d4 #dae;,c4 ,eligible in/itutions2 application 7a7 ,eligible in/itution ,to be eligible = a ,,promise grant "u ?is subp>t1 an in/itution %all-- 7#a7 be an in/itution ( high] education "u section #ajb1 except t an in/itution describ$ 9 section #ajb7;a77#a77;,c7 %all n be an eligible in/itution "u ?is subp>t2 & 7#b7 meet ! maximum total price gu>antee requirem5ts "u subsection 7c74 7b7 ,application ,an eligible in/itution seek+ a ,,promise grant "u ?is subp>t 7includ+ a r5ewal ( su* a grant7 %all submit to ! ,secret>y an application1 at su* "t z ! ,secret>y may require1 t conta9s ! in=mation requir$ 9 ?is subsection4 ,su* application %all-- 7#a7 demon/rate t ! in/itution-- 7,a7 meets ! maximum total price gu>antee requirem5ts "u subsection 7c72 & 7,b7 w cont9ue to meet ! maximum total price gu>antee requirem5ts = ea* aw>d ye> dur+ ! grant p]iod ) respect to /ud5ts fir/ enroll+ at ! in/itution = ea* su* aw>d ye>2 7#b7 describe h[ grant funds aw>d$ "u ?is subp>t w be us$ by ! in/itution to c>ry out ! purposes ( ?is ,act1 includ+ activities relat$ to-- 7,a7 po/second>y af=dability1 includ+-- 7i7 ! expansion & cont9uation ( ! maximum total price gu>antee requirem5ts "u subsection 7c72 & 7ii7 any o!r activities to be c>ri$ out by ! in/itution to increase po/second>y af=dability & m9imize ! total net price requir$ = completion 7z def9$ 9 section #acb7;a77 paid by /ud5ts receiv+ ne$-bas$ /ud5t aid2 7,b7 po/second>y access1 :i* may include-- 7i7 ! activities describ$ 9 section #dhe;,e ( ?is ,act2 & 7ii7 any o!r activities to be c>ri$ out by ! in/itution to increase po/second>y access & exp& opportunities = l[- & middle-income /ud5ts2 & 7,c7 po/second>y /ud5t success1 :i* may include-- 7i7 activities to improve completion rates & r$uce "t to cr$5tial1 includ+ ! activities describ$ 9 section #gda ( ?is ,act1 z am5d$ by ! ,college ,co/ ,r$uction ,act2 7ii7 activities to align programs ( /udy ) ! ne$s ( employ]s1 includ+ ) respect to 9-dem& indu/ry sectors or occupations 7z def9$ 9 section #c ( ! ,work=ce ,innovation & ,opportunity ,act 7#bi ,u4,s4,c4 #cajb772 & 7iii7 any o!r activities to be c>ri$ out by ! in/itution to increase value-add$ e>n+s & po/second>y /ud5t success2 7#c7 describe-- 7,a7 h[ ! in/itution w evaluate ! effectiv5ess ( ! in/itution's use ( grant funds aw>d$ "u ?is subp>t2 & 7,b7 h[ ! in/itution w collect & dissem9ate in=mation on promis+ practices develop$ ) ! use ( su* grant funds2 & 7#d7 9 ! case ( an in/itution t has previ\sly receiv$ a grant "u ?is subp>t1 conta9 ! evaluation requir$ "u p>agraph 7#c7 = ea* previ\s grant4 7c7 ,maximum total price gu>antee requirem5ts ,z a condition ( eligibility = a ,,promise grant "u ?is subp>t1 an in/itution %all-- 7#a7 = ea* aw>d ye> beg9n+ aft] ! date ( enactm5t ( ! ,college ,co/ ,r$uction ,act1 n lat] ?an "o ye> be=e ! />t ( ea* su* aw>d ye> 7except t1 = ! fir/ aw>d ye> beg9n+ aft] su* date ( enactm5t1 ! in/itution %all meet ^! requirem5ts z soon z practicable su* date ( enactm5t7-- 7,a7 det]m9e ! maximum total price = completion1 9 accordance ) subsection 7e71 = ea* program ( /udy at ! in/itution-- 7i7 applicable to /ud5ts 9 ea* income category describ$ 9 section #acb7;c77#b77;,a77i72 & 7ii7 applicable to /ud5ts 9 ea* /ud5t aid index category det]m9$ by ! ,secret>y 9 accordance ) section #acb7;c77#b77;,a77ii72 & 7,b7 publi% su* in=mation on ! in/itution's website & 9 ! in/itution's catalog1 m>ket+ mat]ials1 or o!r (ficial publications2 7#b7 = ! aw>d ye> = :i* ! in/itution is apply+ = a ,,promise grant1 & at lea/ "o aw>d ye> prec$+ su* aw>d ye>1 provide to ea* /ud5t :o fir/ enrolls1 or plans to enroll1 9 ! in/itution dur+ ! aw>d ye> & :o receives ,f$]al f9ancial aid "u ?is title a maximum total price gu>antee1 9 accordance ) ?is section1 = ! m9imum gu>antee p]iod applicable to ! /ud5t2 & 7#c7 provide to ! ,secret>y an assurance t ! in/itution w cont9ue to meet ea* ( ! maximum total price gu>antee requirem5ts "u ?is subsection = /ud5ts :o fir/ enroll1 or plan to enroll1 9 ! in/itution dur+ ea* aw>d ye> includ$ 9 ! grant p]iod4 7d7 ,duration ( m9imum gu>antee p]iod 7#a7 ,9 g5]al ,! m9imum p]iod dur+ :i* a /ud5t %all be provid$ a gu>antee "u subsection 7c7 ) respect to ! maximum total price = completion ( a program ( /udy at an in/itution %all be ! m$ian "t to cr$5tial ( /ud5ts :o complet$ any und]graduate program ( /udy at ! in/itution dur+ ! mo/ rec5t aw>d ye> = :i* data are available1 except t su* m9imum gu>antee p]iod %all n be less ?an ! program l5g? ( ! program ( /udy 9 :i* ! /ud5t is enroll$4 7#b7 ,limitation ,an in/itution %all n be requir$ to provide a maximum total price gu>antee "u subsection 7c7 to a /ud5t aft] ! conclusion ( ! #f-ye> p]iod beg9n+ on ! fir/ day on :i* ! /ud5t enroll$ at su* in/itution4 7e7 ,det]m9ation ( maximum total price = completion 7#a7 ,9 g5]al ,= ! purposes ( subsection 7c71 an in/itution %all det]m9e1 prior to ! fir/ aw>d ye> 9 :i* a /ud5t enrolls at ! in/itution1 ! maximum total price t may be *>g$ to ! /ud5t = completion ( a program ( /udy at ! in/itution = ! m9imum gu>antee p]iod applicable to a /ud5t1 be=e application ( any ,f$]al ,pell ,grants or o!r ,f$]al f9ancial aid "u ?is title4 ,su* a maximum total price = completion %all be det]m9$ = /ud5ts 9 ea* income category & /ud5t aid index category 7z det]m9$ 9 accordance ) section #acb7;c77#b77;,a774 ,9 det]m9+ ! maximum total price = completion to be *>g$ to ea* su* category ( /ud5ts1 ! in/itution may consid] ! ability ( a category ( /ud5ts to pay tuition & fees 7includ+ ! requir$ co/s describ$ 9 section #abd7;b77#c77;,a77i77,i771 b may n include 9 su* consid]ation any ,f$]al ,pell ,grants or o!r ,f$]al f9ancial aid aw>ds t may be available to su* category ( /ud5ts "u ?is title4 7#b7 ,multiple maximum total price gu>antees ,9 ! ev5t t a /ud5t receives m ?an "o maximum total price gu>antee because ! /ud5t is includ$ 9 m ?an "o category ( /ud5ts = :i* ! in/itution det]m9es a maximum total price gu>antee am\nt = ! purposes ( subsection 7c71 ! maximum total price gu>antee applicable to su* /ud5t = ! purposes ( ?is section %all be equal to ! l[e/ su* gu>antee am\nt4 #dae;,d4 ,grant am\nts2 flexible use ( funds 7a7 ,grant am\nt =mula 7#a7 ,=mula ,subject to subsection 7b71 ! am\nt ( a ,,promise grant = an eligible in/itution = ea* ye> ( ! grant p]iod %all be det]m9$ by ! ,secret>y annually & %all be equal to-- 7,a7 ! am\nt det]m9$ by multiply+-- 7i7 ! less] (-- 7,i7 ! diff]5ce det]m9$ by subtract+ "o f ! quoti5t (-- 7aa7 ! av]age1 = ! #c mo/ rec5t aw>d ye>s = :i* data are available1 ( ! m$ian value-add$ e>n+s 7z def9$ 9 section #ajc7 = ea* su* aw>d ye> ( /ud5ts :o complet$ any program ( /udy ( ! in/itution2 divid$ by 7bb7 ! av]age = ! #c mo/ rec5t aw>d ye>s1 ( ! maximum total price applicable = ea* su* aw>d ye> to /ud5ts enroll$ 9 ! in/itution 9 any program ( /udy :o receiv$ f9ancial aid "u ?is title2 or 7,,ii7 ! numb] two2 7ii7 ! av]age1 = ! #c mo/ rec5t aw>d ye>s1 ( ! total doll> am\nt ( ,f$]al ,pell ,grants aw>d$ to /ud5ts enroll$ 9 ! in/itution 9 ea* su* aw>d ye>2 & 7iii7 ! av]age1 = ! #c mo/ rec5t aw>d ye>s1 ( ! p]c5tage ( l[-income /ud5ts :o receiv$ ,f$]al f9ancial assi/ance "u ?is title :o 7 enroll$ 9 ! in/itution 9 ea* su* aw>d ye> :o-- 7,i7 complet$ a program ( /udy at ! in/itution )9 #ajj p]c5t ( ! program l5g? ( su* program2 or 7,,ii7 only 9 ! case ( a two-ye> in/itution or a less ?an two-ye> in/itution-- 7aa7 transf] to a f\r-ye> in/itution2 & 7bb7 )9 #d ye>s aft] fir/ enroll+ at ! two-ye> or less ?an two-ye> in/itution1 complete a program ( /udy at ! f\r-ye> in/itution = :i* a ba*elor's degree 7or sub/antially simil> cr$5tial7 is aw>d$2 m9us 7,b7 ! sum (-- 7i7 ! am\nt allocat$ to ! in/itution "u "p ,c ( title ,,iv = ! mo/ rec5t fiscal ye>2 & 7ii7 ! am\nt allocat$ to ! in/itution "u subp>t #c ( "p ,a ( title ,,iv = ! mo/ rec5t fiscal ye>4 7#b7 ,def9ition ( l[-income ,9 ?is section1 ! t]m l[-income1 :5 us$ ) respect to a /ud5t1 means t ! /ud5t's family income does n exce$ ! maximum income 9 ! l[e/ income category describ$ 9 section #acb7;c77#b77;,a77i74 7b7 ,maximum grant am\nt ,not)/&+ subsection 7a71 ! maximum am\nt an eligible in/itution may receive annually = a grant "u ?is subp>t %all be ! am\nt equal to-- 7#a7 ! av]age1 = ! #c mo/ rec5t aw>d ye>s1 ( ! numb] ( /ud5ts enroll$ 9 ! in/itution 9 an aw>d ye> :o receive ,f$]al f9ancial aid "u ?is title2 multipli$ by 7#b7 #e1jjj4 7c7 ,flexible use ( funds ,a ,,promise grant aw>d$ "u ?is subp>t %all be us$ by an eligible in/itution to c>ry out ! purposes ( ?is subp>t1 includ+-- 7#a7 c>ry+ out activities includ$ 9 ! in/itution's application = su* grant relat$ to po/second>y af=dability1 access1 & /ud5t success2 & 7#b7 evaluat+ ! effectiv5ess ( ! activities c>ri$ out ) su* grant 9 accordance ) section #dae;,c7b77#c77;,a72 & 7#c7 collect+ & dissem9at+ promis+ practices relat$ to ! activities c>ri$ out ) su* grant1 9 accordance ) section #dae;,c7b77#c77;,b74 7d7 ,transf] au?ority ,9 ord] to (f] an arrangem5t ( types ( aid :i* be/ fit ! ne$s ( ea* individual /ud5t1 an in/itution may transf] up to #ajj p]c5t ( ! in/itution's allotm5t "u subp>t #c ( ?is "p or "p ,c ( ?is title 7or bo?7 to ! in/itution's allotm5t "u ?is section4 ,funds transf]r$ to an in/itution's allotm5t "u ?is section may be us$ z a "p ( & = ! same purposes z funds allott$ "u ?is subp>t4 ,! ,secret>y %all h no control ov] su* transf]1 except z specifically au?oriz$1 except = ! collection & dissem9ation ( in=mation4 #dae;,e4 ,au?orization ( appropriations 7a7 ,us$ ( res]v$ funds 7#a7 ,prim>y funds ,to c>ry out ?is subp>t1 !re %all be available to ! ,secret>y any funds remitt$ to ! ,secret>y z reimbursem5ts 9 accordance ) section #ded7;d7 = any aw>d ye>2 & 7#b7 ,second>y funds ,beg9n+ aw>d ye> #bjbf-bjbg1 if ! am\nts made available to ! ,secret>y "u p>agraph 7#a7 to c>ry out ?is subp>t 9 any aw>d ye> are insuffici5t to fully fund ! ,,promise grants aw>d$ "u ?is subp>t 9 su* aw>d ye>1 !re %all be available to ! ,secret>y1 9 addition to su* am\nts1 any funds return$ to ! ,secret>y "u section #dhd;,b 9 ! previ\s aw>d ye>4 7b7 ,insuffici5t funds ,if ! am\nts made available to ! ,secret>y "u subsection 7a7 to c>ry out ?is subp>t = are n suffici5t to provide grants to all eligible in/itutions 9 ! am\nt det]m9$ "u ?is subp>t = an aw>d ye>1 ! ,secret>y %all fir/ provide grants to ! eligible in/itutions t h ! highe/ p]c5tage ( /ud5ts :o are l[-income /ud5ts 7z def9$ 9 section #dae;,d74 4 7c7 ,in/itutional refunds ,section #dhd;,b ( ! ,high] ,education ,act ( #aife 7#bj ,u4,s4,c4 #ajia;b7 is am5d$ by add+ at ! end ! foll[+3 7f7 ,res]vation ( funds = ,,promise grants ,not)/&+ any o!r provision ( law1 ! ,secret>y %all res]ve ! funds return$ to ! ,secret>y "u ?is section = #a ye> aft] ! return ( su* funds = ! purpose ( aw>d+ ,,promise grants 9 accordance ) subp>t #d ( "p ,a ( ?is title4 4 #b ,loans #bba4 ,loan limits 7a7 ,/af=d loans 7#a7 ,aggregate & annual limits = graduate & pr(essional /ud5ts ,section #dee7;a7 7#bj ,u4,s4,c4 #ajhg;e7a77 is am5d$-- 7,a7 9 p>agraph 7#c7-- 7i7 9 subp>agraph 7,a77ii71 by ins]t+ be=e ! p]iod at ! end ! foll[+3 1 except t = any p]iod ( in/ruction beg9n+ on or aft] ,july #a1 #bjbe1 su* maximum annual am\nt %all be det]m9$ 9 accordance ) subp>agraph 7,c72 7ii7 9 subp>agraph 7,b71 by ins]t+ be=e ! p]iod at ! end ! foll[+3 = any p]iod ( in/ruction ?r\gh ,june #cj1 #bjbe2 & 7iii7 by add+ at ! end ! foll[+3 7,c7 ,annual limits ,not)/&+ any provision ( ?is "p or "p ,b1 = any p]iod ( in/ruction beg9n+ on or aft] ,july #a1 #bjbe1 ! maximum annual am\nt ( ,f$]al ,direct ,unsubsidiz$ ,/af=d loans t a graduate or pr(essional /ud5t may borr[ 9 any academic ye> 7z def9$ 9 section #dha7;a77#b77 or its equival5t %all be m$ian co/ ( college 7z def9$ 9 section #dgb;,a7 ( ! program ( /udy 9 :i* ! /ud5t is enroll$1 except t ! sum ( su* annual loan am\nt & o!r f9ancial assi/ance 7z def9$ 9 section #dhj7;i77 t ! /ud5t receives = su* academic ye> may n exce$ ! co/ ( att5dance ( su* /ud5t4 7,d7 ,aggregate limits ,not)/&+ any provision ( ?is "p or "p ,b1 = any p]iod ( in/ruction beg9n+ on or aft] ,july #a1 #bjbe1 ! maximum aggregate am\nt ( ,f$]al ,direct ,unsubsidiz$ ,/af=d loans t-- 7i7 a graduate /ud5t may borr[ %all be #ajj1jjj2 & 7ii7 a pr(essional /ud5t may borr[ %all be #aej1jjj4 7,e7 ,exception = c]ta9 /ud5ts 7i7 ,9 g5]al ,! provisions li/$ 9 clause 7ii7 %all n apply ) respect to any individual :o1 z ( ,june #cj1 #bjbe1 is enroll$ 9 a program ( /udy at an in/itution ( high] education1 & has receiv$ a loan 7or on ^: behalf a loan 0 made7 "u ?is "p = su* program1 dur+ ! individual's expect$ "t to completion ( su* program1 z det]m9$ by calculat+ by ! diff]5ce betwe5-- 7,i7 ! program l5g? = ! program ( /udy 9 :i* su* individual is enroll$2 & 7,,ii7 ! p]iod ( su* program t su* individual has complet$1 except t su* expect$ "t to completion may n exce$ #c ye>s4 7ii7 ,provisions ,an individual describ$ 9 clause 7i7 %all n be subject to subp>agraphs 7,c7 & 7,d7 ( ?is p>agraph1 or p>agraph 7#d7 or 7#f74 4 7#b7 ,annual limits = und]graduate borr[]s ,section #dee7;a7 7#bj ,u4,s4,c4 #ajhg;e7a77 is fur!r am5d$ by add+ at ! end ! foll[+3 7#d7 ,annual & aggregate loan limits = und]graduate & all borr[]s 7,a7 ,und]graduate /ud5ts 7i7 ,annual loan limits 7,i7 ,subsidiz$ loans ,not)/&+ any provision ( ?is "p or "p ,b1 = any p]iod ( in/ruction beg9n+ on or aft] ,july #a1 #bjbe1 ! maximum annual am\nt ( ,f$]al ,direct ,/af=d loans t an und]graduate /ud5t may borr[ 9 any academic ye> 7z def9$ 9 section #dha7;a77#b77 or its equival5t %all be ! diff]5ce betwe5-- 7aa7 ! m$ian co/ ( college 7z def9$ 9 section #dgb;,a7 ( ! program ( /udy 9 :i* ! /ud5t is enroll$2 & 7bb7 ! ,f$]al ,pell ,grant "u section #dja aw>d$ to ! /ud5t = su* academic ye>1 except t 7#a7 ! am\nt ( su* ,f$]al ,direct ,/af=d loans aw>d$ to ! /ud5t = su* academic ye> may n exce$ ! maximum annual limit describ$ 9 section #dbh7;b77#a7 t is applicable to su* /ud5t2 & 7#b7 ! sum ( su* ,f$]al ,direct ,/af=d ,loans & ! am\nt ( su* ,f$]al ,pell ,grant & o!r f9ancial assi/ance 7z def9$ 9 section #dhj7;i77 t ! /ud5t receives = su* academic ye> may n exce$ ! co/ ( att5dance ( su* /ud5t4 7,,ii7 ,unsubsidiz$ loans ,not)/&+ any provision ( ?is "p or "p ,b1 = any p]iod ( in/ruction beg9n+ on or aft] ,july #a1 #bjbe1 ! maximum annual am\nt ( ,f$]al ,direct ,unsubsidiz$ ,/af=d loans t an und]graduate /ud5t may borr[ 9 any academic ye> 7z def9$ 9 section #dha7;a77#b77 or its equival5t %all be ! diff]5ce betwe5-- 7aa7 ! m$ian co/ ( college 7z def9$ 9 section #dgb;,a7 ( ! program ( /udy 9 :i* ! /ud5t is enroll$2 & 7bb7 ! sum (-- 7,,aa7 ! am\nt ( ,f$]al ,direct ,/af=d loans aw>d$ to su* /ud5t = su* academic ye>2 & 7,,bb7 ! am\nt ( ! ,f$]al ,pell ,grant "u section #dja aw>d$ to ! /ud5t = su* academic ye>1 except t ! sum ( all ,f$]al f9ancial aid "u ?is title & o!r f9ancial assi/ance 7z def9$ 9 section #dhj7;i77 t su* /ud5t receives = su* academic ye> may n exce$ ! co/ ( att5dance = su* /ud5t4 7ii7 ,aggregate limits ,not)/&+ any provision ( ?is "p or "p ,b1 = any p]iod ( in/ruction beg9n+ on or aft] ,july #a1 #bjbe1 ) respect to an und]graduate /ud5t-- 7,i7 ! maximum aggregate am\nt ( ,f$]al ,direct ,/af=d loans & ,f$]al ,direct ,unsubsidiz$ ,/af=d loans t may be borr[$ %all be #ej1jjj2 7,,ii7 ! maximum aggregate am\nt ( ,f$]al ,direct ,/af=d loans t may be borr[$ %all be #bc1jjj2 & 7,,iii7 ! maximum aggregate am\nt ( ,f$]al ,direct ,unsubsidiz$ ,/af=d loans t may be borr[$ %all be #ej1jjj4 7,b7 ,/ud5ts 9 a qualify+ und]graduate program 7i7 ,aggregate limits ,not)/&+ ! aggregate limits describ$ 9 subp>agraph 7,a77ii71 a /ud5t enroll$ 9 a qualify+ und]graduate program %all be subject to ! aggregate limits = pr(essional /ud5ts describ$ 9 p>agraph 7#c77;,d77ii74 7ii7 ,qualify+ und]graduate program def9$ ,= purposes ( ?is subp>agraph1 ! t]m qualify+ und]graduate program means a program ( /udy-- 7,i7 = :i* ! total tuition & fees 7includ+ ! requir$ co/s describ$ 9 section #abd7;b77#c77;,a77i77,i77 exce$s ! aggregate limits = und]graduate /ud5ts describ$ 9 subp>agraph 7,a77ii72 7,,ii7 t meets c]tification requirem5ts ( ! ,f$]al ag5cy t directly regulates ! program & provides f9al lic5s+ & cr$5tials to /ud5ts ^u completion2 & 7,,iii7 ! in/itution ( high] education (f]+ su* program ( /udy notifies ! ,secret>y t ! program desires to be a qualify+ und]graduate program4 7,c7 ,all /ud5ts ,! maximum aggregate am\nt ( loans made1 insur$1 or gu>ante$ "u ?is title to a /ud5t %all be #bjj1jjj4 4 7#c7 ,in/itutionally det]m9$ limits ,section #dee7;a7 ( ! ,high] ,education ,act ( #aife 7#bj ,u4,s4,c4 #ajhg;e7a77 is fur!r am5d$ by add+ at ! end ! foll[+3 7#e7 ,in/itutionally det]m9$ limits 7,a7 ,9 g5]al ,not)/&+ any o!r provision ( ?is subsection1 an eligible in/itution 7at ! discretion ( a f9ancial aid adm9i/rator at ! in/itution7 may prorate or limit ! am\nt ( a loan any /ud5t :o is enroll$ 9 a program ( /udy = a p]iod ( in/ruction beg9n+ on or aft] ,july #a1 #bjbd1 at t in/itution1 may borr[ "u ?is "p = an academic ye>-- 7i7 if ! in/itution c reasonably demon/rate t out/&+ am\nts ow$ ( loans made "u ?is title are or w\ld be excessive = /ud5ts :o complete su* program1 bas$ on ! mo/ rec5tly available data f ! ,college ,scorec>d 7or successor website ( ! ,dep>tm5t7 on-- 7,i7 ! m$ian ( ! value-add$ e>n+s ( /ud5ts :o complete su* program2 & 7,,ii7 ! m$ian debt ow$1 & ! repaym5t rate1 on loans made "u ?is "p1 ( su* /ud5ts2 7ii7 9 a case 9 :i* ! /ud5t is enroll$ on a less ?an full-"t basis or ! /ud5t is enroll$ = less ?an ! p]iod ( enrollm5t to :i* ! annual loan limit applies "u ?is subsection1 bas$ on ! /ud5t's enrollm5t /atus2 or 7iii7 bas$ on ! ye> ( ! program = :i* ! /ud5t is seek+ su* loan4 7,b7 ,application to all /ud5ts ,any proration or limit+ ( loan am\nts "u subp>agraph 7,a7 %all be appli$ 9 ! same mann] to all /ud5ts enroll$ 9 a program ( /udy4 7,c7 ,increases = individual /ud5ts ,^u ! reque/ ( a /ud5t ^: loan am\nt = an academic ye> has be5 prorat$ or limit$ "u subp>agraph 7,a71 an eligible in/itution 7at ! discretion ( ! f9ancial aid adm9i/rator at ! in/itution7 may increase su* loan am\nt to an am\nt n exce$+ ! annual loan am\nt applicable to su* /ud5t "u ?is p>agraph = su* academic ye>4 4 7b7 ,t]m9ation ( au?ority to make f$]al direct plus loans to any /ud5t or p>5t borr[] ,section #dee7;a7 ( ! ,high] ,education ,act ( #aife 7#bj ,u4,s4,c4 #ajhg;e7a77 is am5d$ by add+ at ! end ! foll[+3 7#f7 ,t]m9ation ( au?ority to make f$]al direct plus loans ,not)/&+ any provision ( ?is "p or "p ,b1 except z provid$ 9 p>agraph 7#c77;,e71 = any p]iod ( in/ruction beg9n+ on or aft] ,july #a1 #bjbe1 no ,f$]al ,direct ,,plus loans may be made to any p>5t borr[] or graduate or pr(essional /ud5t borr[]4 4 #bbb4 ,loan repaym5t 7a7 ,repaym5t plans ,section #dee7;d7 ( ! ,high] ,education ,act ( #aife 7#bj ,u4,s4,c4 #ajhg;e7d77 is am5d$-- 7#a7 9 p>agraph 7#a77;,d7 by ins]t+ 7includ+ a repaym5t assi/ance plan "u section #dee7;e77#i77 aft] an income cont+5t repaym5t plan2 & 7#b7 by add+ at ! end ! foll[+3 7#f7 ,repaym5t plans = loans made on or aft] july #a1 #bjbd 7,a7 ,design & selection ,not)/&+ p>agraph 7#a71 beg9n+ on ,july #a1 #bjbd1 ! ,secret>y %all (f] a borr[] ( a loan made "u ?is "p on or aft] ,july #a1 #bjbd1 two plans = repaym5t ( su* loan1 includ+ pr9cipal & int]e/ on ! loan4 ,! borr[] %all be entitl$ to accel]ate1 )\t p5alty1 repaym5t on su* loans4 ,! borr[] may *oose-- 7i7 a /&>d repaym5t plan ) a fix$ mon?ly repaym5t am\nt paid ov] a fix$ p]iod ( "t1 n to exce$ #aj ye>s2 or 7ii7 a repaym5t assi/ance plan "u section #dee7;e77#i74 7,b7 ,selection by secret>y ,if su* borr[] does n select a repaym5t plan describ$ 9 subp>agraph 7,a71 ! ,secret>y %all provide ! borr[] ) ! repaym5t plan describ$ 9 subp>agraph 7,a77i74 7,c7 ,*anges 9 selection 7i7 ,9 g5]al ,subject to clause 7ii71 a borr[] may *ange ! borr[]'s selection ( a repaym5t plan "u subp>agraph 7,a71 or ! ,secret>y's selection ( a plan = ! borr[] "u subp>agraph 7,b71 z ! case may be4 ,no?+ 9 ?is subsection %all prohibit ! ,secret>y f enc\rag+ di/ress$ borr[]s f enroll+ 9 ! repaym5t assi/ance plan "u section #dee7;e77#i74 7ii7 ,same repaym5t plan requir$ ,all loans made "u ?is "p on or aft] ,july #a1 #bjbd1 to a borr[] %all be repaid "u ! same repaym5t plan "u subp>agraph 7,a71 except t ! borr[] may repay an except$ ,,plus loan or an except$ consolidation loan 7z su* t]ms are def9$ 9 section #dee7;e77#i77 sep>ately f o!r loans made "u ?is "p to ! borr[]4 7,d7 ,repaym5t aft] default ,! ,secret>y may require a borr[] :o has default$ on a loan made "u ?is "p to-- 7i7 pay all reasonable collection co/s associat$ ) su* loan2 & 7ii7 repay ! loan pursuant to ! repaym5t assi/ance plan "u section #dee7;e77#i74 7,e7 ,prohibitions ,! ,secret>y may n-- 7i7 au?orize a borr[] ( a loan made "u ?is "p on or aft] ,july #a1 #bjbd1 to repay su* loan pursuant to a repaym5t plan t is n describ$ 9 clause 7i7 or 7ii7 ( subp>agraph 7,a72 or 7ii7 c>ry out or modify a repaym5t plan = any loan made "u ?is "p on or aft] ,july #a1 #bjbd1 t is n describ$ 9 su* clause 7i7 or 7ii74 4 7b7 ,repaym5t assi/ance plan ,section #dee7;e7 ( ! ,high] ,education ,act ( #aife 7#bj ,u4,s4,c4 #ajhg;e7e77 is am5d$ by add+ at ! end ! foll[+3 7#i7 ,repaym5t assi/ance plan 7,a7 ,9 g5]al ,not)/&+ any o!r provision ( ?is ,act1 beg9n+ on ,july #a1 #bjbd1 ! ,secret>y %all c>ry out a repaym5t assi/ance program t %all h ! t]ms & conditions ( an income-cont+5t repaym5t plan describ$ 9 p>agraphs 7#a7 ?r\gh 7#h71 except t-- 7i7 a borr[] ( any loan made "u ?is "p 7o!r ?an an except$ ,,plus loan or except$ consolidation loan71 may elect to h ! borr[]'s aggregate mon?ly paym5t = all su* loans n exce$ ! applicable mon?ly paym5t = ! borr[]1 except t a borr[] may n be preclud$ f repay+ an am\nt t exce$s su* applicable mon?ly paym5t = any mon?2 7ii7 ! ,secret>y %all apply ! borr[]'s mon?ly paym5t "u ?is p>agraph fir/ t[>d int]e/ due on su* a loan1 next t[>d any fees due on ! loan1 & !n t[>d ! pr9cipal ( ! loan2 7iii7 any pr9cipal due & n paid "u clause 7ii7 %all be def]r$2 7iv7 ! am\nt ( "t ! borr[] makes mon?ly paym5ts "u clause 7i7 may exce$ #aj ye>s2 7v7 not)/&+ p>agraph 7#g71 ! ,secret>y %all repay or cancel any out/&+ balance ( pr9cipal & int]e/ due on all loans made "u ?is "p 7o!r ?an except$ ,,plus loans or except$ consolidation loans7 to a borr[]-- 7,i7 :o1 at any "t1 elect$ to p>ticipate 9 a repaym5t assi/ance plan "u clause 7i72 7,,ii7 ^: f9al mon?ly paym5t = su* loans prior to ! loan cancellation "u ?is clause 0 made "u su* repaym5t assi/ance plan2 & 7,,iii7 :o has repaid on su* loans 7pursuant to a repaym5t assi/ance plan "u clause 7i71 a /&>d repaym5t plan "u subsection 7d77#f77;,a77i71 or a comb9ation ( any su* plan or any ( ! repaym5t plans li/$ 9 clause 7ii71 7iii71 7iv71 or 7v7 ( p>agraph 7#g77;,b71 or1 9 ! case ( a consolidation loan1 pursuant to a repaym5t s*$ule describ$ item 7aa77,,bb7 ( ?is subclause7 an am\nt t is equal to-- 7aa7 7,,aa7 ! total am\nt ( pr9cipal & int]e/ t ! borr[] w\ld h repaid "u a /&>d repaym5t plan "u p>agraph 7#a77;,a7 or 7#f77;,a77i7 ( subsection 7d71 bas$ on a #aj-ye> repaym5t p]iod1 :5 ! borr[] ent]$ repaym5t on su* loans2 or 7,,bb7 9 ! case ( a ,f$]al ,direct ,consolidation ,loan1 ! total am\nt ( pr9cipal & int]e/ t ! borr[] w\ld h repaid "u ! repaym5t s*$ule e/abli%$ = ! loan "u section #dbh;,c7c77#b7 on ! date on :i* su* loan 0 made2 plus 7bb7 an am\nt equal to ! am\nt ( any unpaid int]e/ t has accru$1 b 0 n includ$ 9 ! calculation ( ! total am\nt ( pr9cipal & int]e/ t w\ld h be5 repaid "u ! /&>d repaym5t plan or s*$ule describ$ 9 item 7aa7-- 7,,aa7 dur+ any def]m5t p]iod describ$ 9 clause 7i7 or 7ii7 ( subsection 7f77#b77;,a72 or 7,,bb7 dur+ any =be>ance p]iod :ile s]v+ 9 a m$ical or d5tal int]n%ip or resid5cy program z describ$ 9 section #dbh7;c77#c77;,a77i77,i72 & 7vi7 a borr[] :o is repay+ a loan pursuant to a repaym5t assi/ance plan "u clause 7i7 may elect1 at any "t1 to t]m9ate repaym5t pursuant to su* plan & repay su* loan "u ! /&>d repaym5t plan "u subsection 7d77#f77;,a77i74 7,b7 ,repaym5t assi/ance = di/ress$ borr[]s 7i7 ,int]e/ subsidy ,= ea* mon? = :i* a borr[]'s aggregate mon?ly paym5t "u ?is p>agraph is insuffici5t to pay ! total am\nt ( int]e/ t accrues on a loan = ! mon?1 ! am\nt ( int]e/ accru$ & n paid = ! mon? %all be subtract$ f ! total am\nt ( int]e/ due on su* loan = ! mon?4 7ii7 ,pr9cipal subsidy ,= ea* mon? = :i* a borr[]'s aggregate mon?ly paym5t "u ?is p>agraph repays an am\nt due on an individual loan t is less ?an twice ! total am\nt ( int]e/ t accrues on su* loan = ! mon?1 ! am\nt ( ! total pr9cipal due on su* loan %all be r$uc$ by an am\nt equal to half ( ! mon?ly paym5t "u ?is p>agraph on su* loan = ! mon?4 7,c7 ,def9itions ,9 ?is p>agraph3 7i7 ,adju/$ gross income ,! t]m adju/$ gross income has ! mean+ giv5 ! t]m 9 section #fb ( ! ,int]nal ,rev5ue ,code ( #aihf4 7ii7 ,applicable mon?ly paym5t ,! t]m applicable mon?ly paym5t means1 :5 us$ ) respect to a borr[]1 ! am\nt obta9$ by divid+ by #ab1 #aj p]c5t ( ! result obta9$ by calculat+1 on at lea/ an annual basis1 ! am\nt by :i*-- 7,i7 ! adju/$ gross income ( ! borr[] or1 if ! borr[] is m>ri$ & files a ,f$]al income tax return jo9tly ) or sep>ately f ! borr[]'s sp\se1 ! adju/$ gross income ( ! borr[] & ! borr[]'s sp\se2 exce$s 7,,ii7 #aej p]c5t ( ! pov]ty l9e applicable to ! borr[]'s family size z det]m9$ "u section #fgc7b7 ( ! ,community ,s]vices ,block ,grant ,act 7#db ,u4,s4,c4 #iijb7b774 7iii7 ,except$ consolidation loan ,! t]m except$ ,consolidation ,loan means a ,f$]al ,direct ,consolidation ,loan1 if ! proce$s ( su* loan 7 us$ to ! dis*>ge ! liability on-- 7,i7 an except$ ,,plus loan2 or 7,,ii7 a ,f$]al ,direct ,consolidation loan1 if ! proce$s ( su* loan 7 us$ to dis*>ge ! liability on an except$ ,,plus loan4 7iv7 ,except$ plus loan ,! t]m except$ ,,plus ,loan has ! mean+ giv5 ! t]m 9 section #dic;,c4 4 #bbc4 ,loan rehabilitation ,section #dbh;,f7a77#e7 ( ! ,high] ,education ,act ( #aife 7#bj ,u4,s4,c4 #ajgh-f7;a77#e77 is am5d$ by /rik+ "o "t & ins]t+ two times4 #bbd4 ,int]e/ capitalization 7a7 ,f$]al plus loans ,section #dbh;,b7d77#b7 ( ! ,high] ,education ,act ( #aife 7#bj ,u4,s4,c4 #ajgh-b7;d77#b77 is am5d$ to read z foll[s3 7#b7 ,no capitalization ( int]e/ ,int]e/ on loans made "u ?is section = :i* paym5ts ( pr9cipal are def]r$ pursuant to p>agraph 7#a7 %all be paid mon?ly or qu>t]ly1 if agre$ ^u by ! borr[] & ! l5d]4 4 7b7 ,f$]al consolidation loans def]rals ,section #dbh;,c7b77#d77;,c77ii77,,iii7 ( ! ,high] ,education ,act ( #aife 7#bj ,u4,s4,c4 #ajgh-c7;b77#d77;,c77,,iii77 is am5d$ by /rik+ or capitaliz$14 7c7 ,loan limits = unsubsidiz$ /af=d loans ,section #dbh;,h7d77#e7 ( ! ,high] ,education ,act ( #aife 7#bj ,u4,s4,c4 #ajgh-h7;d77#e77 is am5d$ by ins]t+ be=e ! date ( enactm5t ( ! ,college ,co/ ,r$uction ,act aft] ,int]e/ capitaliz$4 7d7 ,unsubsidiz$ /af=d loans = middle income borr[]s ,section #dbh;,h7e77#b7 ( ! ,high] ,education ,act ( #aife 7#bj ,u4,s4,c4 #ajgh-h7;e77#b77 is am5d$-- 7#a7 9 subp>agraph 7,a71 9 ! matt] be=e clause 7i71 by /rik+ 1 if agre$ ^u by ! borr[] & ! l5d] & all t foll[s ?r\gh clause 7ii77,,iv7 & ins]t+ be paid mon?ly or qu>t]ly1 if agre$ ^u by ! borr[] & ! l5d]42 7#b7 by /rik+ subp>agraph 7,b72 & 7#c7 by r$esignat+ subp>agraph 7,c7 z subp>agraph 7,b74 7e7 ,income cont+5t repaym5t ,section #dee7;e77#e7 ( ! ,high] ,education ,act ( #aife 7#bj ,u4,s4,c4 #ajhg;e7e77#e77 is am5d$ by /rik+ ! la/ s5t5ce & ins]t+ ,no int]e/ may be capitaliz$ on su* loan on or aft] ! date ( ! enactm5t ( ! ,college ,co/ ,r$uction ,act1 & ! ,secret>y %all promulgate regulations ) respect to ! treatm5t ( accru$ int]e/ t is n capitaliz$4 7f7 ,effect ( def]m5t on pr9cipal & int]e/ ,section #dee7;f77#a77;,b7 ( ! ,high] ,education ,act ( #aife 7#bj ,u4,s4,c4 #ajhg;e7f77#a77;,b77 is am5d$ by /rik+ capitaliz$ or4 7g7 ,income-bas$ repaym5t program ,section #dic;,c7b77#c77;,b7 ( ! ,high] ,education ,act ( #aife 7#bj ,u4,s4,c4 #ajih;e7b77#c77;,b77 is am5d$ by ins]t+ %all accrue b n be=e be capitaliz$4 #bbe4 ,orig9ation fees 7a7 ,repeal ( orig9ation fees ,subsection 7c7 ( section #dee ( ! ,high] ,education ,act ( #aife 7#bj ,u4,s4,c4 #ajhg;e7c77 is repeal$4 7b7 ,effective date ,! am5dm5t made by subsection 7a7 %all apply ) respect to loans made "u "p ,d ( title ,,iv ( ! ,high] ,education ,act ( #aife 7#bj ,u4,s4,c4 #ajhg;a et seq47 = :i* ! fir/ disbursem5t ( pr9cipal is made1 or1 9 ! case ( a ,f$]al ,direct ,consolidation ,loan1 ! application is receiv$1 on or aft] ,july #a1 #bjbd4 ,,iii ,,acc\ntability ,,& ,,/ud5t ,,success ,a ,,acc\ntability #a ,dep>tm5t ( ,education #cja4 ,agreem5ts ) in/itutions ,section #ded ( ! ,high] ,education ,act ( #aife 7#bj ,u4,s4,c4 #ajhg;d7 is am5d$-- 7#a7 9 subsection 7a7-- 7,a7 9 p>agraph 7#e71 by /rik+ & aft] ! semicolon2 7,b7 by r$esignat+ p>agraph 7#f7 z p>agraph 7#g72 & 7,c7 by ins]t+ aft] p>agraph 7#e7 ! foll[+ new p>agraph3 7#f7 provide annual reimbursem5ts to ! ,secret>y 9 accordance ) ! requirem5ts "u subsection 7d72 & 2 & 7#b7 by add+ at ! end ! foll[+ new subsection3 7d7 ,reimbursem5t requirem5ts 7#a7 ,annual reimbursem5ts requir$ ,beg9n+ 9 aw>d ye> #bjbd-bjbe1 ea* in/itution ( high] education p>ticipat+ 9 ! direct /ud5t loan program "u ?is "p %all1 = qualify+ /ud5t loans1 remit to ! ,secret>y1 at su* "t z ! ,secret>y may specify1 an annual reimbursem5t = ea* /ud5t cohort ( ! in/itution1 bas$ on ! non-repaym5t balance ( su* cohort & calculat$ 9 accordance ) p>agraph 7#c74 7#b7 ,/ud5t cohorts 7,a7 ,cohorts e/abli%$ ,= ea* in/itution ( high] education1 ! ,secret>y %all e/abli% /ud5t cohorts1 beg9n+ ) aw>d ye> #bjbc-bjbd1 z foll[s3 7i7 ,complet+ /ud5t cohort ,= ea* program ( /udy at su* in/itution1 a /ud5t cohort compris$ ( all /ud5ts :o receiv$ ,f$]al f9ancial assi/ance "u ?is title & :o complet$ su* program dur+ su* aw>d ye>4 7ii7 ,und]graduate non-complet+ /ud5t cohort ,= su* in/itution1 a /ud5t cohort compris$ ( all /ud5ts :o receiv$ ,f$]al f9ancial assi/ance "u ?is title1 :o 7 enroll$ 9 ! in/itution dur+ ! previ\s aw>d ye> 9 a program ( /udy lead+ to an und]graduate cr$5tial1 & :o at ! "t ! cohort is e/abli%$-- 7,i7 h n complet$ su* program ( /udy2 & 7,,ii7 are n enroll$ at ! in/itution 9 any program ( /udy lead+ to an und]graduate cr$5tial4 7iii7 ,graduate non-complet+ /ud5t cohort ,= ea* program ( /udy lead+ to a graduate cr$5tial at su* in/itution1 a /ud5t cohort compris$ ( all /ud5ts :o receiv$ ,f$]al f9ancial assi/ance "u ?is title1 :o 7 enroll$ 9 su* program dur+ ! previ\s aw>d ye>1 & :o at ! "t ! cohort is e/abli%$-- 7,i7 h n complet$ su* program ( /udy2 & 7,,ii7 are n enroll$ 9 su* program4 7,b7 ,qualify+ /ud5t loan ,= ! purposes ( ?is subsection1 ! t]m qualify+ /ud5t loan means a ,f$]al ,direct loan1 includ+ a ,f$]al ,direct ,consolidation loan1 made "u ?is "p t-- 7i7 0 made to a /ud5t includ$ 9 a /ud5t cohort ( an in/itution2 7ii7 except 9 ! case ( a loan describ$ 9 clause 7i7 or 7ii7 ( subp>agraph 7,c71 is n includ$ 9 any o!r /ud5t cohort ( any in/itution ( high] education2 7iii7 is n 9-- 7,i7 a m$ical or d5tal int]n%ip or resid5cy =be>ance describ$ 9 section #dbh7;c77#c77;,a77i77,i71 section #dbh;,b7a77#b71 section #dbh;,h7a71 or section #fhe4bje7;a77#c7 ( title #cd1 ,code ( ,f$]al ,regulations2 7,,ii7 a graduate fell[%ip def]m5t describ$ 9 section #dee7;f77#b77;,a77ii7 7,,iii7 rehabilitation tra9+ program def]m5t describ$ "u section #dee7;f77#b77;,a77ii72 7,,iv7 an 9-s*ool def]m5t describ$ "u section #dee7;f77#b77;,a77i72 7,v7 a canc] def]m5t describ$ "u section #dee7;f77#c72 7,,vi7 a milit>y s]vice def]m5t describ$ "u section #dee7;f77#b77;,c72 or 7,,vii7 a po/-active duty /ud5t def]m5t describ$ "u section #dic;,d2 & 7iv7 is n 9 default4 7,c7 ,special circum/ances 7i7 ,multiple cr$5tials ,9 ! case ( a /ud5t :o completes two or m programs ( /udy dur+ ! same aw>d ye>1 ea* qualify+ /ud5t loan ( ! /ud5t %all be includ$ 9 ! /ud5t cohort = ea* ( su* program ( /udy = su* aw>d ye>4 7ii7 ,treatm5t ( c]ta9 consolidation loans ,a ,f$]al ,direct ,consolidation loan made "u ?is title %all n be consid]$ a qualify+ /ud5t loan = a /ud5t cohort = an aw>d ye> if all ( ! loans includ$ 9 su* consolidation loan are attributable to ano!r /ud5t cohort4 7iii7 ,consolidation aft] inclusion 9 a /ud5t cohort ,if a qualify+ /ud5t loan is consolidat$ into a consolidation loan "u ?is title aft] su* qualify+ /ud5t loan has be5 includ$ 9 a /ud5t cohort1 ! p]c5tage ( ! consolidation loan t 0 attributable to su* /ud5t cohort at ! "t ( consolidation %all rema9 attributable to ! /ud5t cohort = ! life ( ! consolidation loan4 7#c7 ,calculation ( reimbursem5t 7,a7 ,reimbursem5t paym5t =mula ,= ea* /ud5t cohort ( an in/itution ( high] education e/abli%$ "u ?is subsection1 ! annual reimbursem5t = su* cohort %all be equal to-- 7i7 ! reimbursem5t p]c5tage det]m9$ = ! cohort 9 accordance ) subp>agraph 7,b72 multipli$ by 7ii7 ! non-repaym5t balance = ! cohort = ! aw>d ye>1 det]m9$ 9 accordance ) subp>agraph 7,c74 7,b7 ,reimbursem5t p]c5tage ,! reimbursem5t p]c5tage ( a /ud5t cohort ( an in/itution %all be det]m9$ by ! ,secret>y :5 ! cohort is e/abli%$1 %all rema9 con/ant = ! life ( ! /ud5t cohort1 & %all be det]m9$ z foll[s3 7i7 ,complet+ /ud5t cohorts ,! reimbursem5t p]c5tage ( a complet+ /ud5t cohort %all be equal to ! p]c5tage det]m9$ by-- 7,i7 subtract+ f "o ! quoti5t (-- 7aa7 ! m$ian value-add$ e>n+s ( /ud5ts :o complet$ su* program ( /udy 9 ! mo/ rec5t aw>d ye> = :i* su* e>n+s data is available2 divid$ by 7bb7 ! m$ian total price *>g$ to /ud5ts includ$ 9 su* cohort2 & 7,,ii7 multiply+ ! diff]5ce det]m9$ "u subclause 7,i7 by #ajj4 7ii7 ,special circum/ances = complet+ /ud5t cohorts 7,i7 ,high-risk cohorts ,not)/&+ clause 7i71 if ! m$ian value-add$ e>n+s ( a complet+ /ud5t cohort "u clause 7i77,i77aa7 is negative1 ! reimbursem5t p]c5tage ( ! /ud5t cohort %all be #ajj p]c5t4 7,,ii7 ,l[-risk cohorts ,not)/&+ clause 7i71 if ! m$ian value-add$ e>n+s ( a complet+ /ud5t cohort "u clause 7i77,i77aa7 exce$s ! m$ian total price ( su* cohort "u clause 7i77,i77bb71 ! reimbursem5t p]c5tage ( ! /ud5t cohort %all be #j p]c5t4 7iii7 ,non-complet+ /ud5t cohorts ,! reimbursem5t p]c5tage ( a non-complet+ /ud5t cohort %all be det]m9$ bas$ on ! mo/ rec5t data available 9 ! aw>d ye> 9 :i* ! cohort is e/abli%$1 &-- 7,i7 = an und]graduate non-complet+ /ud5t cohort1 %all be equal to ! p]c5tage ( und]graduate /ud5ts :o receiv$ ,f$]al f9ancial assi/ance "u ?is title at su* in/itution :o-- 7aa7 did n complete an und]graduate program ( /udy at ! in/itution )9 #aej p]c5t ( ! program l5g? ( su* program2 or 7bb7 only 9 ! case ( a two-ye> in/itution1 did n1 )9 #f ye>s aft] fir/ enroll+ at ! two-ye> in/itution1 complete a program ( /udy at a f\r-ye> in/itution = :i* a ba*elor's degree 7or sub/antially simil> cr$5tial7 is aw>d$2 & 7,,ii7 = a graduate non-complet+ /ud5t cohort1 %all be equal to ! p]c5tage ( /ud5ts :o receiv$ ,f$]al f9ancial assi/ance "u ?is title at ! in/itution = ! applicable graduate program ( /udy & :o did n complete su* program ( /udy )9 #aej p]c5t ( ! program l5g?4 7,c7 ,non-repaym5t loan balance 7i7 ,9 g5]al ,= ea* aw>d ye>1 ! ,secret>y %all det]m9e ! non-repaym5t loan balance = su* aw>d ye> = ea* /ud5t cohort ( an in/itution ( high] education by calculat+ ! sum (-- 7,i7 = loans 9 su* cohort1 ! diff]5ce betwe5 ! total am\nt ( paym5ts due f all borr[]s on su* loans dur+ su* ye> & ! total am\nt ( paym5ts made by all su* borr[]s on su* loans dur+ su* ye>2 plus 7,,ii7 ! total am\nt ( int]e/ waiv$1 paid1 or o!rwise n *>g$ by ! ,secret>y dur+ su* ye> "u an income-bas$ repaym5t plan describ$ 9 section #dic;,c or an income-cont+5t repaym5t plan describ$ 9 section #dee7;e72 plus 7,,iii7 ! total am\nt ( pr9cipal & int]e/ =giv51 cancell$1 waiv$1 dis*>g$1 repaid1 or o!rwise r$uc$ by ! ,secret>y "u any act dur+ su* ye> t is n includ$ 9 subclause 7,,ii7 & 0 n dis*>g$ or =giv5 "u section #dcg7;a7 or #dbh;,j4 7ii7 ,special circum/ances ,= ! purpose ( calculat+ ! non-repaym5t loan balance ( /ud5t cohorts "u ?is p>agraph1 ! ,secret>y %all-- 7,i7 = ea* qualify+ /ud5t loan 9 a /ud5t cohort t is includ$ 9 ano!r /ud5t cohort because ! /ud5t :o borr[$ su* loan complet$ two or m programs ( /udy dur+ ! same aw>d ye>1 ! sum ( ! am\nts describ$ 9 subclauses 7,i7 ?r\gh 7,,iii7 ( clause 7i7 = su* qualify+ /ud5t loan %all be divid$ equally among ea* ( ! /ud5t cohorts 9 :i* su* loan is includ$2 & 7,,ii7 = ea* consolidation loan 9 a /ud5t cohort-- 7aa7 det]m9e ! p]c5tage ( ! out/&+ pr9cipal balance ( ! consolidation loan attributable to su* /ud5t cohort-- 7,,aa7 at ! "t ( t loan 0 includ$ 9 su* cohort1 9 ! case ( a loan consolidat$ be=e inclusion 9 su* cohort2 or 7,,bb7 at ! "t ( consolidation1 9 ! case ( a loan consolidat$ aft] inclusion 9 su* cohort2 & 7bb7 include 9 ! calculations "u clause 7i7 = su* /ud5t cohort only ! p]c5tage ( ! sum ( ! am\nts describ$ 9 subclauses 7,i7 ?r\gh 7,,iii7 ( clause 7i7 = ! consolidation loan = su* ye> t is equal to ! p]c5tage ( ! consolidation loan det]m9$ "u item 7aa74 7,d7 ,total price ,) respect to a /ud5t :o receiv$ ,f$]al f9ancial assi/ance "u ?is title & :o completes a program ( /udy1 ! t]m total price means ! total am\nt1 be=e ,f$]al f9ancial assi/ance "u ?is title 0 appli$1 a /ud5t 0 requir$ to pay to complete ! program ( /udy4 ,a /ud5t's total price %all be calculat$ by ! ,secret>y z ! diff]5ce betwe5-- 7i7 ! total am\nt ( tuition & fees 7includ+ ! requir$ co/s describ$ 9 section #abd7;b77#c77;,a77i77,i77 t 7 *>g$ to su* /ud5t be=e ! application ( any ,f$]al f9ancial assi/ance provid$ "u ?is title2 m9us 7ii7 ! total am\nt ( grants & s*ol>%ips describ$ 9 section #dhj7;i7 aw>d$ to su* /ud5t f non-,f$]al s\rces = su* program ( /udy4 7#d7 ,notification & remittance ,beg9n+ ) ! fir/ aw>d ye> = :i* reimbursem5ts are requir$ "u ?is subsection1 & = ea* succe$+ aw>d ye>1 ! ,secret>y %all-- 7,a7 notify ea* in/itution ( high] education ( ! am\nts & due dates ( ea* annual reimbursem5t calculat$ "u p>agraph 7#c7 = ea* /ud5t cohort ( ! in/itution )9 #cj days ( calculat+ su* am\nts2 & 7,b7 require ! in/itution to remit su* paym5ts )9 #ij days ( su* notification4 7#e7 ,p5alty = late paym5ts 7,a7 ,?ree-mon? del9qu5cy ,if an in/itution fails to remit to ! ,secret>y a reimbursem5t = a /ud5t cohort z requir$ "u ?is subsection )9 #ij days ( receiv+ notification f ! ,secret>y 9 accordance ) p>agraph 7#d71 ! in/itution %all pay to ! ,secret>y1 9 addition to su* reimbursem5t1 int]e/ on su* reimbursem5t paym5t1 at a rate t is ! av]age rate applicable to ! loans 9 su* /ud5t cohort4 7,b7 ,twelve-mon? del9qu5cy ,if an in/itution fails to remit to ! ,secret>y a reimbursem5t = a /ud5t cohort z requir$ "u ?is subsection1 plus int]e/ ow$ 9 "u subp>agraph 7,a71 )9 #ab mon?s ( receiv+ notification f ! ,secret>y 9 accordance ) p>agraph 7#d71 ! in/itution %all be ineligible to make direct loans to any /ud5t enroll$ 9 ! program ( /udy = :i* ! in/itution has fail$ to make ! reimbursem5t paym5ts until su* paym5t is made4 7,c7 ,eighte5-mon? del9qu5cy ,if an in/itution fails to remit to ! ,secret>y a reimbursem5t = a /ud5t cohort z requir$ "u ?is subsection1 plus int]e/ ow$ "u subp>agraph 7,a71 )9 #ah mon?s ( receiv+ notification f ! ,secret>y 9 accordance ) p>agraph 7#d71 ! in/itution %all be ineligible to make direct loans or aw>d ,f$]al ,pell ,grants "u section #dja to any /ud5t enroll$ 9 ! in/itution until su* paym5t is made4 7,d7 ,two-ye> del9qu5cy ,if an in/itution fails to remit to ! ,secret>y a reimbursem5t = a /ud5t cohort z requir$ "u ?is subsection1 plus int]e/ ow$ "u subp>agraph 7,a71 )9 #b ye>s ( receiv+ notification f ! ,secret>y 9 accordance ) p>agraph 7#d71 ! in/itution %all be ineligible to p>ticipate 9 any program "u ?is title = a p]iod ( n less ?an #aj ye>s4 7#f7 ,relief = volunt>y cessation ( f$]al direct loans = a program ( /udy ,! ,secret>y %all1 ^u ! reque/ ( an in/itution t volunt>ily ceases to make ,f$]al direct loans to /ud5ts enroll$ 9 a specific program ( /udy1 r$uce ! am\nt ( ! annual reimbursem5t ow$ by ! in/itution = ea* /ud5t cohort associat$ ) su* program by #ej p]c5t if ! in/itution assures ! ,secret>y t ! in/itution w n make ,f$]al direct loans to any /ud5t enroll$ 9 su* program ( /udy 7or any sub/antially simil> program ( /udy7 = a p]iod ( n less ?an #aj aw>d ye>s1 beg9n+ ) ! fir/ aw>d ye> t beg9s aft] ! date on :i* ! ,secret>y r$uces su* reimbursem5t4 7#g7 ,res]vation ( funds = promise grants ,not)/&+ any o!r provision ( law1 ! ,secret>y %all res]ve ! funds remitt$ to ! ,secret>y z reimbursem5ts 9 accordance ) ?is subsection1 & su* funds %all be made available to ! ,secret>y only = ! purpose ( aw>d+ ,,promise grants 9 accordance ) subp>t #d ( "p ,a ( ?is title4 4 #cjb4 ,regulatory relief 7a7 #ij_/aj 7#a7 ,regulation repeal$ ,section #ffh4bh ( title #cd1 ,code ( ,f$]al ,regulations 7relat+ to ! #ij_/aj rule71 z add$ or am5d$ by ! f9al regulations publi%$ by ! ,dep>tm5t ( ,education 9 ! ,f$]al ,regi/] on ,octob] #bh1 #bjbb 7#hg ,f$4 ,reg4 #fedbf et seq471 is repeal$ & w h no =ce or effect4 7#b7 ,am5dm5ts ,section #dhg ( ! ,high] ,education ,act ( #aife 7#bj ,u4,s4,c4 #ajid7 is am5d$-- 7,a7 9 subsection 7a71 by /rik+ p>agraph 7#bd72 7,b7 by /rik+ subsection 7d72 & 7,c7 by r$esignat+ subsections 7e7 ?r\gh 7j7 z subsections 7d7 ?r\gh 7i71 respectively4 7b7 ,f9ancial value transp>5cy & ga9ful employm5t 7#a7 ,regulation repeal$ ,sections #fjj4aj1 #fjj4ba1 #ffh4b1 #ffh4ac1 #ffh4dc1 #ffh4ia1 #ffh4djb ?r\gh #ffh4dji 7exclud+ section #ffh4djh71 & #ffh4fja ?r\gh #ffh4fjf ( title #cd1 ,code ( ,f$]al ,regulations 7relat+ to f9ancial value transp>5cy & ga9ful employm5t71 z add$ or am5d$ by ! f9al regulations publi%$ by ! ,dep>tm5t ( ,education 9 ! ,f$]al ,regi/] on ,octob] #aj1 #bjbc 7#hh ,,fr #gjjjd et seq471 are repeal$ & w h no =ce or effect4 7#b7 ,prohibition ,! ,secret>y ( ,education %all n1 on or aft] ! date ( enactm5t ( ?is ,act1 promulgate or en=ce any regulation or rule ) respect to ! def9ition or application ( ! t]m ga9ful employm5t = any purpose "u ! ,high] ,education ,act ( #aife 7#bj ,u4,s4,c4 #ajja et seq474 7c7 ,*anges 9 own]%ip 7#a7 ,regulation repeal$ ,sections #fjj4b1 #fjj4d1 #fjj4bj1 #fjj4ba1 & #fjj4ca ( title #cd1 ,code ( ,f$]al ,regulations 7relat+ to *anges 9 own]%ip71 z add$ or am5d$ by ! f9al regulations publi%$ by ! ,dep>tm5t ( ,education 9 ! ,f$]al ,regi/] on ,octob] #bh1 #bjbb 7#hg ,f$4 ,reg4 #fedbf et seq471 are repeal$ & w h no =ce or effect4 7#b7 ,am5dm5ts ,section #dih7;i7 ( ! ,high] ,education ,act ( #aife 7#bj ,u4,s4,c4 #ajii;c7i77 is am5d$-- 7,a7 9 ! subsection head+1 by ins]t+ & propos$ *anges ( own]%ip aft] own]%ip2 7,b7 9 p>agraph 7#a7-- 7i7 by /rik+ 7#a7 ,an eligible in/itution1 & ins]t+ ! foll[+3 7#a77;,a7 ,an eligible in/itution2 7ii7 by /rik+ ! requirem5ts ( section #ajb 7o!r ?an ! requirem5ts 9 subsections 7b77#e7 & 7c77#c77 & ins]t+ ! applicable requirem5ts ( section #ajb or #ajc7ac7 7iii7 by add+ at ! end ! foll[+3 7,b7 7i7 ,prior to a *ange 9 own]%ip result+ 9 a *ange ( control1 an in/itution may seek a pretransaction det]m9ation ab\t :e!r ! in/itution w meet ! applicable requirem5ts ( section #ajb or #ajc7ac7 & ?is section aft] su* propos$ *ange 9 own]%ip by submitt+ to ! ,secret>y a mat]ially complete pretransaction review application4 7ii7 ,9 review+ applications submitt$ "u clause 7i71 ! ,secret>y %all only provide a compreh5sive review ( ea* su* application1 & may n provide an abbreviat$ or p>tial review4 7iii7 ,if an in/itution submits a mat]ially complete pretransaction review application at lea/ #ij days prior to ! transaction & ! ,secret>y approves ! application1 ! subsequ5t *ange 9 own]%ip application %all also be approv$ & ! in/itution %all be c]tifi$ z meet+ ! requirem5ts = su* transaction1 provid$ t ! in/itution-- 7,i7 complies ) ! applicable t]ms ( ?is section2 & 7,,ii7 ! transaction result+ 9 a *ange ( control does n diff] mat]ially 9 its t]ms f ! transaction propos$ 9 ! pretransaction review application4 2 7,c7 9 p>agraph 7#b7-- 7i7 9 subp>agraph 7,e71 by /rik+ or at ! end2 7ii7 9 subp>agraph 7,f71 by /rik+ ! p]iod at ! end & ins]t+ 2 or2 & 7iii7 by add+ ! foll[+ at ! end3 7,g7 9 ! case ( a propriet>y in/itution ( high] education1 a conv]sion to a public or o!r nonpr(it in/itution ( high] education4 2 7,d7 by add+ at ! end ! foll[+3 7#e7 7,a7 ,subject to subp>agraph 7,b71 :5 any in/itution submits an application = a *ange 9 own]%ip result+ 9 a *ange 9 control "u ?is section or submits a pretransaction review application "u p>agraph 7#a77;,b7 7o!r ?an 9 ! case ( a conv]sion transaction71 ! in/itution %all be requir$ to pay to ! ,secret>y an adm9i/rative fee t %all-- 7i7 be 9 an am\nt equal to #j4ae p]c5t ( ! total in/itutional rev5ue d]iv$ f ?is title by su* in/itution = ! mo/ fiscal ye> = :i* data is available2 & 7ii7 be us$ exclusively = exp5ses relat$ to ! process+ ( su* application1 & be available to ! ,secret>y )\t fur!r appropriation1 exclusively = exp5ses relat$ to ! process+ ( su* approval or application4 7,b7 ,9 ! case ( a propriet>y in/itution submitt+ an application = conv]sion1 or a pretransaction review application = conv]sion1 ! in/itution %all be requir$ to pay to ! ,secret>y an adm9i/rative fee t %all-- 7i7 be 9 an am\nt equal to #j4cj p]c5t ( ! total in/itutional rev5ue d]iv$ f ?is title by su* in/itution = ! mo/ fiscal ye> = :i* data is available2 & 7ii7 be us$ exclusively = exp5ses relat$ to ! process+ ( su* application1 & ( :i*-- 7,i7 #ej p]c5t %all be available to ! ,secret>y )\t fur!r appropriation1 exclusively = exp5ses relat$ to ! process+ ( su* application2 & 7,,ii7 #ej p]c5t %all be remitt$ by ! ,secret>y to ! ,commission] ( ! ,int]nal ,rev5ue1 & %all be available1 )\t fur!r appropriation1 to ! ,commission] ( ,int]nal ,rev5ue exclusively = purposes ( det]m9+ :e!r ! in/itution seek+ su* conv]sion or pretransaction review is an in/itution exempt f tax & is o!rwise 9 compliance ) applicable requirem5ts ( ! ,int]nal ,rev5ue ,code ( #aihf4 7,c7 ,an in/itution t pays a fee "u subp>agraph 7,a7 or 7,b7 = a pretransaction application ) respect to a propos$ transaction %all n be requir$ to pay ano!r fee "u su* subp>agraph = a *ange 9 own]%ip application ) respect to su* transaction4 7,d7 ,9 no case may any fee remitt$ "u subp>agraph 7,a7 or 7,b7 exce$ #abj1jjj = any transaction 7or pretransaction7 application1 nor may ! ,secret>y require an in/itution t has paid a fee "u subp>agraph 7,b7 to pay an additional fee "u subp>agraph 7,a74 7#f7 7,a7 ,! ,secret>y %all approve or d5y a mat]ially complete application 7includ+ pretransaction reviews & conv]sion applications7 submitt$ "u ?is section z soon z practicable & n lat] ?an ! #ij-;day p]iod beg9n+ on ! date ( receipt ( su* an application1 except t 9 a case 9 :i* ! ,secret>y det]m9es1 on a nondelegable basis1 t good cause exi/s to n make ! det]m9ation dur+ su* #ij-;day p]iod1 ! ,secret>y %all notify ! in/itution 9 writ+ detail+ ! reasons = a good cause ext5sion4 7,b7 ,if ! ,secret>y fails to approve or d5y a mat]ially complete application dur+ ! p]iod describ$ 9 subp>agraph 7,a7 & does n f9d good cause = ext5sion1 ! mat]ially complete application %all be deem$ approv$4 7,c7 ,9 no case may ! ,secret>y grant a good cause ext5sion "u ?is section to an in/itution = m ?an "o mon? at a "t1 or = a total ( m ?an m ?an #ab mon?s4 7,d7 ,to ensure timely submission ( all relevant docum5tation1 ! ,secret>y may d5y an application if an in/itution does n make a good fai? ef=t to submit to ! ,secret>y1 9 a timely mann]-- 7i7 all relevant docum5tation2 or 7ii7 a mat]ially complete application4 7,e7 7i7 ,^u approv+ or d5y+ an application "u ?is p>agraph1 ! ,secret>y %all publi% 9 ! ,f$]al ,regi/] ! reason+ = su* approval or d5ial1 includ+-- 7,i7 a copy ( ! approval or d5ial lett] s5t to ! in/itution2 & 7,,ii7 any analysis reg>d+ h[ ! ,secret>y det]m9$ "u p>agraph #g7;,a77iii7 t a director ( ! in/itution 0 an int]e/$ or dis9t]e/$ p>ty to ! transaction4 7ii7 ,! ,secret>y %all n publi% "u clause 7i7 any in=mation t is o!rwise exempt f disclosure "u section #eeb ( title #e1 ,unit$ ,/ates ,code 7relat+ to ! ,fre$om ( ,in=mation ,act71 includ+ trade secrets & comm]cial or f9ancial in=mation t is privileg$ or confid5tial4 7#g7 7,a7 ,9 ! case ( a propriet>y in/itution t subsequ5t to ! transaction w\ld be own$ & op]at$ by an entity 79 ?is p>agraph ref]r$ to z ! buy]7 seek+ to be recogniz$ z a public or o!r nonpr(it in/itution1 ! buy] %all meet ! def9ition ( a nonpr(it in/itution "u section #ajc7ac7 if-- 7i7 ! buy] pays no m ?an fair m>ket value = any assets ( ! propriet>y in/itution2 7ii7 ! buy] pays no m ?an fair m>ket value = any s]vice or lease contracts1 includ+ su* s]vice & lease contracts provid$ by ! entity sell+ ! propriet>y in/itution2 & 7iii7 to prev5t self-deal+ 9 ! case :]e "o or m individuals ) a sub/antial own]%ip or controll+ int]e/s 9 ! propriet>y in/itution w also h sub/antial or controll+ int]e/s 9 ! in/itution seek+ to be recogniz$ z a public or o!r nonpr(it in/itution 7mean+ t "o or m individuals are on bo? sides ( ! transaction71 ! *ange ( control transaction1 & any sub/antial asset acquisition1 s]vice1 or lease agreem5ts ) ! propriet>y in/itution %all be approv$ by a dis9t]e/$ committee ( directors ( ! entity t seeks to be recogniz$ z a public or o!r nonpr(it in/itution4 7,b7 ,= ! purposes ( ?is p>agraph1 p>ties to ! transaction are entitl$ to a rebuttable presumption t ! assets1 lease contracts1 & s]vice contracts t are "p ( ! transaction are pur*as$ at fair m>ket value if-- 7i7 ! acquir+ entity pays no m ?an fair m>ket value = su* assets1 lease contracts1 or s]vice contracts2 & 7ii7 ! value ( ! assets1 lease contracts1 or s]vice contracts are evaluat$ by at lea/ "o indep5d5t ?ird-p>ty entity hir$ by p>ties on bo? sides ( ! transaction4 7#h7 7,a7 ,an in/itution t has be5 approv$ = conv]sion by ! ,secret>y %all be subject to a monitor+ p]iod = a #e-ye> p]iod beg9n+ on ! day aft] ! date ( su* approval4 ,9 conduct+ ! monitor+ ( ! in/itution "u ?is p>agraph1 ! ,secret>y-- 7i7 %all only conduct monitor+ to ensure t ! in/itution is 9 compliance ) ! requirem5ts ( section #ajc7ac7 & p>agraph 7#g7 ( ?is subsection2 & 7ii7 may require ! in/itution to submit regul> reports or conduct audits ( su* in/itution relat+ to su* compliance4 7,b7 ,ea* in/itution t is subject to ! monitor+ p]iod "u ?is p>agraph %all remit an annual fee to ! ,secret>y-- 7i7 9 an am\nt equal to #j4ae p]c5t ( ! total rev5ue d]iv$ f ?is title by su* in/itution = ! mo/ rec5t fiscal ye> = :i* data is available2 & 7ii7 t %all be exclusively = exp5ses relat$ to monitor+ ( ! in/itution = ! p]iod describ$ 9 subp>agraph 7,a7-- 7,i7 ( :i* #ej p]c5t %all be us$ by ! ,secret>y1 )\t fur!r appropriation1 exclusively = exp5ses relat$ to monitor+ ( ! in/itution dur+ su* p]iod2 & 7,,ii7 ( :i* #ej p]c5t %all be remitt$ by ! ,secret>y to ! ,commission] ( ,int]nal ,rev5ue1 to be available to su* ,commission]1 )\t fur!r appropriation1 exclusively = monitor+ compliance ) ! ,int]nal ,rev5ue ,code ( su* in/itution dur+ su* p]iod4 7,c7 ,an in/itution may n be subject to an annual fee "u subp>agraph 7,b7 = monitor+ relat$ to a conv]sion t exce$s #fj1jjj4 7,d7 ,if ! ,secret>y det]m9es t an in/itution %\ld be subject to ! monitor+ "u ?is p>agraph beyond ! #e-ye> p]iod describ$ 9 subp>agraph 7,a71 ! ,secret>y %all provide ! reasons ju/ify+ an ext5sion 9 writ+ to ! in/itution 7& 9 ! ,f$]al ,regi/]7 at lea/ #cj days be=e ! expiration ( su* p]iod4 7,e7 ,any in/itution t is subject to monitor+ "u ?is p>agraph may seek a waiv] to be exempt f su* monitor+ 7includ+ ! annual fee "u subp>agraph 7,b77 on an annual basis = any ye> dur+ ! monitor+ p]iod & ! ,secret>y %all grant su* waiv] if !re is no ongo+ contractual or f9ancial relation%ip betwe5 ! in/itution & ! =m] entity or individuals t previ\sly own$ ! in/itution4 ,! ,secret>y may grant a waiv] = m ?an #a ye> 9 ! case :]e ! entity t =m]ly own$ ! propriet>y in/itution has clos$ or no long] exi/s & ! ,secret>y det]m9es ! in/itution is n at risk ( violat+ ! requirem5ts ( section #ajc7ac7 or p>agraph 7#g7 ( ?is subsection4 7#i7 ,any in/itution t submits an application = conv]sion %all n promote or m>ket itself1 9 any mann]1 z a public or o!r nonpr(it in/itution ( high] education unless-- 7,a7 ! ,secret>y has provid$ f9al approval ( ! conv]sion ( ! in/itution to a public or o!r nonpr(it in/itution ( high] education "u ?is section2 7,b7 an accr$it+ ag5cy or association recogniz$ by ! ,secret>y pursuant to section #dif has approv$ su* public or nonpr(it /atus ( ! in/itution2 7,c7 ! ,/ate has giv5 f9al approval to ! in/itution z a public or nonpr(it in/itution ( high] education1 z applicable2 & 7,d7 9 ! case ( an in/itution seek+ nonpr(it /atus1 ! ,commission] ( ,int]nal ,rev5ue has approv$ ! in/itution z tax exempt pursuant to ! ,int]nal ,rev5ue ,code ( #aihf4 7#aj7 ,n lat] ?an #bgj days aft] ! date ( enactm5t ( ! ,college ,co/ ,r$uction ,act1 & p]iodically !reaft]1 ! ,secret>y %all publi% 7& update z necess>y7 9 ! ,f$]al ,regi/]-- 7,a7 descriptions ( ! docum5ts & mat]ials ! ,secret>y expects or requires in/itutions ( high] education to submit 7includ+ any /&>diz$ =ms7 z "p ( any pretransaction application or *ange 9 own]%ip application "u ?is section1 includ+ a description ( :at ! ,secret>y consid]s to be a mat]ially complete application2 & 7,b7 aft] at lea/ a #cj-;day notice & comm5t p]iod1 responses to any public comm5ts receiv$ ) respect to su* descriptions or updates to su* descriptions4 7#aa7 ,9 a case 9 :i* ! ,secret>y reque/s a docum5t "u ?is section z "p ( a pretransaction or *ange 9 own]%ip application t is n describ$ 9 ! ,f$]al ,regi/] "u p>agraph 7#aj71 ! ,secret>y %all-- 7,a7 sub/antiate1 9 writ+ to ! in/itution1 ! reasons :y ! ,secret>y is reque/+ su* docum5ts2 & 7,b7 publi% su* reasons 9 ! ,f$]al ,regi/]1 includ+ :e!r ! ,secret>y may reque/ o!r in/itutions t submit applications "u ?is section to produce simil> docum5tation4 7#ab7 7,a7 ,n lat] ?an #ah mon?s aft] ! date ( enactm5t ( ! ,college ,co/ ,r$uction ,act1 & annually !reaft]1 ! ,secret>y %all submit a report to au?oriz+ committees1 & po/ su* report on a publicly available website reg>d+ implem5tation ( ! am5dm5ts made to ?is section by su* ,act1 includ+ ! foll[+ in=mation3 7i7 ,! mean & m$ian l5g? ( "t tak5 by ! ,secret>y to review applications "u ?is section dur+ ! prec$+ #ab-mon? p]iod4 7ii7 ,! numb] ( applications approv$ or d5i$ dur+ ! prec$+ #ab-mon? p]iod4 7iii7 ,= any application n process$ dur+ ! #ij-;day p]iod beg9n+ on ! date ( receipt ( ! application = :i* ! ,secret>y f\nd good cause "u p>agraph 7#f77;,a7 to ext5d ! deadl9e 9 :i* ! application %all be process$1 a copy ( ! lett] s5t to ! in/itution expla9+ :y ! ,secret>y believ$ good cause exi/$ = su* ext5sion4 7iv7 ,= any application n process$ dur+ su* #ij-;day p]iod1 :i* 0 deem$ to be automatically approv$ by ! requirem5ts ( ?is section "u p>agraph 7#f77;,b71 ! "n ( ea* in/itution involv$ & an explanation = :y ! application 0 n process$ 9 a timely mann]4 7v7 ,any legislative sugge/ions ! ,secret>y may h to improve ! application or monitor+ process "u ?is section4 7,b7 ,if ! ,secret>y fails to submit a report "u ?is p>agraph by n lat] ?an #ij days aft] ! deadl9e = su* submission "u subp>agraph 7,a71 ! ,secret>y may n1 = ! #ab-mon? p]iod foll[+ su* failure1 sp5d ! fees remitt$ by in/itutions "u ?is section or remit su* fees to ! ,commission] unless ,congress provides = su* use by fur!r appropriation4 7#ac7 ,= ! purposes ( ?is subsection1 ! t]m conv]sion means any transaction "u :i*-- 7,a7 a propriet>y in/itution is reorganiz$ & seeks recognition z a public or o!r nonpr(it in/itution2 or 7,b7 ! control ( a propriet>y in/itution is transf]r$ z a result ( a sale1 donation1 or o!r me?od to an entity t seeks c]tification "u ?is section z a public or o!r nonpr(it in/itution4 4 7#c7 ,application ,! am5dm5ts made by ?is section %all be apply ) respect to applications submitt$ = *ange ( control or conv]sion submitt$ on or aft] ,janu>y #a1 #bjbc4 7#d7 ,report ,n lat] ?an #e ye>s aft] ! date ( enactm5t ( ?is ,act1 ! ,comptroll] ,g5]al %all submit to ! ,committee on ,education & ,labor ( ! ,h\se ( ,repres5tatives & ! ,committee on ,heal?1 ,education1 ,labor1 & ,p5sions ( ! ,s5ate1 a report on ! implem5tation ( ! am5dm5ts made by ?is subsection1 includ+ recomm5dations to improve-- 7,a7 ! application process "u section #dih7;i7 ( ! ,high] ,education ,act ( #aife 7#bj ,u4,s4,c4 #ajii;c7i771 z am5d$ by p>agraph 7#b71 = in/itutions ( high] education seek+ a *ange 9 own]%ip result+ 9 a *ange 9 control2 or 7,b7 ! monitor+ process "u su* section = in/itutions ( high] education t h rec5tly conv]t$ f be+ recogniz$ z a propriet>y in/itution to a public or o!r nonpr(it in/itution4 7d7 ,f9ancial responsibility 7#a7 ,regulation repeal$ ,sections #ffh4ae1 #ffh4bc1 #ffh4aga1 & #ffh4agd ?r\gh #ffh4agg ( title #cd1 ,code ( ,f$]al ,regulations 7relat+ to f9ancial responsibility71 z add$ or am5d$ by ! f9al regulations publi%$ by ! ,dep>tm5t ( ,education 9 ! ,f$]al ,regi/] on ,octob] #ca1 #bjbc 7#hg ,f$4 ,reg4 #gdefh et seq47 are repeal$ & w h no =ce or effect4 7#b7 ,am5dm5ts ,section #dih7;c7 ( ! ,high] ,education ,act ( #aife 7#bj #f ,u4,s4,c4 #ajii;c7c77 is am5d$-- 7,a7 by r$esignat+ p>agraphs 7#c71 7#d71 7#e71 & 7#f7 z p>agraphs 7#d71 7#e71 7#f71 & 7#g71 respectively2 7,b7 9 p>agraph 7#b7-- 7i7 by /rik+ p>agraph 7#a71 if & ins]t+ p>agraph 7#a71 ! ,secret>y %all prescribe crit]ia reg>d+ ratios t aid 9 ! det]m9ation f9ancial responsibility4 ,su* ratios %all be fir/ issu$ 9 draft =m to ! in/itution to all[ = adequate review1 consi/+ ( an appeals process1 by su* in/itutions ( high] education4 ,if2 & 7ii7 by /rik+ prescrib$ by ! ,secret>y reg>d+ ratios & ins]t+ prescrib$ by ! ,secret>y reg>d+ ! f9al ratios2 7,c7 by ins]t+ aft] p>agraph 7#b7 ! foll[+3 7#c7 ,not)/&+ p>agraph 7#b71 ! ,secret>y %all take into acc\nt an in/itution's curr5t total f9ancial circum/ances1 includ+ any subsequ5t *ange 9 ! in/itution's ov]all fiscal heal? bas$ on ! /&>ds 9 p>agraph 7#b71 :5 mak+ a det]m9ation ( its ability to meet ! /&>ds h]e9 requir$ be=e any subsequ5t action is tak5 "u p>agraph 7#d74 ,if an in/itution meets ! /&>ds 9 p>agraph 7#b71 ! in/itution %all be se5 z f9ancially responsible4 2 7,d7 9 subp>agraph 7,c7 ( p>agraph 7#d71 z s r$esignat$1 by /rik+ e/abli%es to ! satisfaction ( ! ,secret>y1 ) & ins]t+ e/abli%es1 )2 7,e7 9 p>agraph 7#e71 z s r$esignat$-- 7i7 9 subp>agraph 7,a71 by ins]t+ & aft] ! semicolon at ! end2 7ii7 9 subp>agraph 7,b71 by /rik+ 2 & & ins]t+ a p]iod2 & 7iii7 by /rik+ subp>agraph 7,c72 7,f7 9 p>agraph 7#f71 z s r$esignat$1 by /rik+ 7#c77;,c7 & ins]t+ 7#d77;,c72 & 7,g7 by add+ at ! end ! foll[+ new p>agraph3 7#h7 ,n lat] ?an #ah mon?s aft] ! date ( enactm5t ( ! ,college ,co/ ,r$uction ,act1 ! ,secret>y %all pursue a process to update ! ratios reg>d+ f9ancial responsibility z id5tifi$ 9 p>agraph 7#b74 ,! ,secret>y %all report ! revis$ ratios to-- 7,a7 ! ,committee on ,education & ! ,work=ce ( ! ,h\se ( ,repres5tatives2 & 7,b7 ! ,committee on ,heal?1 ,education1 ,labor1 & ,p5sions ( ! ,s5ate4 4 7e7 ,inc5tive comp5sation2 ?ird p>ty s]vic] 7#a7 ,am5dm5ts ,section #dhg7;a77#bj7 7#bj ,u4,s4,c4 #ajid7;a77#bj77 is am5d$ to read z foll[s3 7#bj7 ,! in/itution w n provide any commission1 bonus1 or o!r inc5tive paym5t bas$ directly or indirectly on success 9 secur+ enrollm5ts or f9ancial aid to any p]sons or entities engag$ 9 any /ud5t recruit+ or admission activities1 or 9 mak+ decisions reg>d+ ! aw>d ( /ud5t f9ancial assi/ance1 except t ?is p>agraph %all n apply-- 7,a7 to ! recruitm5t ( =eign /ud5ts resid+ 9 =eign c\ntries :o are n eligible to receive ,f$]al /ud5t assi/ance2 or 7,b7 to a ?ird p>ty :]e-- 7i7 ! ?ird p>ty is provid+ ! in/itution recruit+ or admissions activities z "p ( a l>g] bundle ( s]vices n cov]$ by ?is p>agraph & :i* may include m>ket+ or adv]tis+ activities t broadly dissem9ate or di/ribute widely available in=mation2 7ii7 ! ?ird p>ty does n provide any commission1 bonus1 or o!r inc5tive-bas$ paym5ts to its employees or subcontractors :o are provid+ s]vices to ! in/itution cov]$ 9 ?is p>agraph2 & 7iii7 ! ?ird p>ty is n aw>d+ or disburs+ ,f$]al f9ancial aid aw>ds4 4 7#b7 ,def9ition ,section #dha7;c7 7#bj ,u4,s4,c4 #ajhh7;c77 is am5d$ to read z foll[s3 7c7 ,?ird p>ty s]vic] 7#a7 ,= purposes ( ?is title1 ! t]m ?ird p>ty s]vic]-- 7,a7 means any individual1 any ,/ate1 or any private1 =-pr(it or nonpr(it organization1 :i* ent]s into a contract )-- 7i7 any eligible in/itution ( high] education to adm9i/]1 ?r\gh ei!r manual or automat$ process+1 any aspect ( su* in/itution's /ud5t assi/ance programs "u ?is title2 or 7ii7 any gu>anty ag5cy1 or any eligible l5d]1 to adm9i/]1 ?r\gh ei!r manual or automat$ process+1 any aspect ( su* gu>anty ag5cy's or l5d]'s /ud5t loan programs "u "p ,b ( ?is title1 includ+ orig9at+1 gu>antee+1 monitor+1 process+1 s]vic+1 or collect+ loans2 & 7,b7 does n include any individual1 any ,/ate1 or any private1 =-pr(it or nonpr(it organization1 :i* conducts activities or int]acts ) prospective or enroll$ /ud5ts = ! purposes (-- 7i7 m>ket+ or recruit+1 su* z solicit+ pot5tial enrollm5ts ?r\gh ! dissem9ation ( in=mation & adv]tis+2 7ii7 assi/+ ) ! completion ( applications = enrollm5t1 su* z scre5+ pre-enrollm5t in=mation & (f]+ admission c\nsel+2 7iii7 adm9i/]+ ability-to-b5efit te/s or e/abli%+ any aspect ( an eligible c>e] pa?way program2 7iv7 conduct+ activities = ! ret5tion ( /ud5ts1 su* z monitor+ academic engagem5t & conduct+ outrea* to /ud5t reg>d+ att5dance2 & 7v7 provid+ in/ructional cont5t1 su* z evaluat+ c\rse completion1 deliv]+ m&atory tutor+1 assess+ /ud5t le>n+1 includ+ ?r\gh electronic means1 or develop+ curricula or c\rse mat]ials4 7#b7 ,! ,secret>y %all n regulate on ! def9ition ( a ?ird p>ty s]vic]4 4 7f7 ,o!r repeals ,! foll[+ regulations 7includ+ any supplem5t or revision to su* regulations7 are repeal$ & %all h no legal effect3 7#a7 ,clos$ s*ool dis*>ges ,sections #fgd4cc7;g71 #fhb4djb7;d71 & #fhe4bad ( title #cd1 ,code ( ,f$]al ,regulations 7relat+ to clos$ s*ool dis*>ges71 z add$ or am5d$ by ! f9al regulations publi%$ by ! ,dep>tm5t ( ,education 9 ! ,f$]al ,regi/] on ,novemb] #a1 #bjbb 7#hg ,f$4 ,reg4 #feijd et seq474 7#b7 ,borr[] def5se to repaym5t ,section #fhe4dja ( title #cd1 ,code ( ,f$]al ,regulations 7relat+ to borr[] def5se to repaym5t71 z add$ or am5d$ by ! f9al regulations publi%$ by ! ,dep>tm5t ( ,education 9 ! ,f$]al ,regi/] on ,novemb] #a1 #bjbb 7#hg ,f$4 ,reg4 #feijd et seq474 7#c7 ,pre-dispute arbitration ,sections #ffh4da1 #fhe4cjj1 & #fhe4cjd ( title #cd1 ,code ( ,f$]al ,regulations 7relat+ to pre-dispute arbitration71 z add$ or am5d$ by ! f9al regulations publi%$ by ! ,dep>tm5t ( ,education 9 ! ,f$]al ,regi/] on ,novemb] #a1 #bjbb 7#hg ,f$4 ,reg4 #feijd et seq474 7#d7 ,false c]tification ,sections #fhb4djb7;e71 #fhe4bae7;c7 & #fhe4bae7;d7 ( title #cd1 ,code ( ,f$]al ,regulations 7relat+ to false c]tification71 z add$ or am5d$ by ! f9al regulations publi%$ by ! ,dep>tm5t ( ,education 9 ! ,f$]al ,regi/] on ,novemb] #a1 #bjbb 7#hg ,f$4 ,reg4 #feijd et seq474 7#e7 ,adm9i/rative capability ,sections #ffh4af ( title #cd1 ,code ( ,f$]al ,regulations 7relat+ to adm9i/rative capability71 z add$ or am5d$ by ! f9al regulations publi%$ by ! ,dep>tm5t ( ,education 9 ! ,f$]al ,regi/] on ,octob] #ca1 #bjbc 7#hg ,f$4 ,reg4 #gdefh et seq474 7#f7 ,c]tification proc$ures ,sections #ffh4ac1 #ffh4ad1 & #ffh4dc ( title #cd1 ,code ( ,f$]al ,regulations 7relat+ to c]tification proc$ures7 z add$ or am5d$ by ! f9al regulations publi%$ by ! ,dep>tm5t ( ,education 9 ! ,f$]al ,regi/] on ,octob] #ca1 #bjbc 7#hg ,f$4 ,reg4 #gdefh et seq474 7#g7 ,ability to b5efit ,sections #ffh4b1 #ffh4cb1 #ffh4aef1 & #ffh4aeg ( title #cd1 ,code ( ,f$]al ,regulations 7relat+ to ability to b5efit7 z add$ or am5d$ by ! f9al regulations publi%$ by ! ,dep>tm5t ( ,education 9 ! ,f$]al ,regi/] on ,octob] #ca1 #bjbc 7#hg ,f$4 ,reg4 #gdefh et seq474 7#h7 ,p]sonal liability ,! electronic ann\ncem5t titl$ ,e/abli%+ ,p]sonal ,liability ,requirem5ts = ,f9ancial ,losses ,relat$ to ! ,title ,,iv ,programs 7,,g5]al-#bc-aa1 publi%$ on ,m>* #a1 #bjbc74 7g7 ,effect ( repeal ,any regulations repeal$ by subsections 7c7 ?r\gh 7e7 t 7 9 effect on ,june #cj1 #bjbc1 are re/or$ & reviv$ z if ! repeal ( su* regulations "u su* subsections _h n tak5 effect4 7h7 ,prohibition ,! ,secret>y ( ,education may n implem5t any rule1 regulation1 policy1 or executive action specifi$ 9 ?is section 7or a sub/antially simil> rule1 regulation1 policy1 or executive action7 unless au?ority = su* implem5tation is explicitly provid$ 9 an ,act ( ,congress4 7i7 ,program review & data ,section #dih;,a 7#bj ,u4,s4,c4 #ajii;c-#a7 is am5d$ by add+ at ! end ! foll[+3 7f7 ,"t limit on program review activities ,9 conduct+1 respond+ to1 & conclud+ program review activities1 ! ,secret>y %all-- 7#a7 provide to ! in/itution ! initial report f9d+ n lat] ?an #ij days aft] conclud+ an initial site visit2 7#b7 ^u ea* receipt ( an in/itution's response dur+ a program review inquiry1 respond 9 a sub/antive mann] )9 #ij days2 7#c7 ^u ea* receipt ( an in/itution's writt5 response to a draft f9al program review report1 provide ! f9al program review report & accompany+ en=cem5t actions1 if any1 )9 #ij days2 & 7#d7 conclude ! entire program review process n lat] ?an #b ye>s aft] ! initiation ( a program review1 unless ! ,secret>y det]m9es t su* a review is suffici5tly complex & _c reasonably be conclud$ be=e ! expiration ( su* #b-ye> p]iod1 9 :i* case ! ,secret>y %all promptly notify ! in/itution ( ! reasons = su* delay & provide an anticipat$ date = conclusion ( ! review4 4 #cjc4 ,limitation on au?ority ( ,secret>y to propose or issue regulations & ,executive actions ,"p ,g ( title ,,iv ( ! ,high] ,education ,act ( #aife 7#bj ,u4,s4,c4 #ajhh et seq47 is am5d$ by ins]t+ aft] section #dib ! foll[+3 #dib;,a4 ,limitation on au?ority ( ! secret>y to propose or issue regulations & executive actions 7a7 ,draft regulations ,beg9n+ aft] ! date ( enactm5t ( ?is section1 a draft regulation implem5t+ ?is title 7z describ$ 9 section #dib7;b77#a77 t is det]m9$ by ! ,secret>y to be economically significant %all be subject to ! foll[+ requirem5ts 7reg>dless ( :e!r negotiat$ rulemak+ occurs73 7#a7 ,! ,secret>y %all det]m9e :e!r ! draft regulation1 if implem5t$1 w\ld result 9 an increase 9 a subsidy co/4 7#b7 ,if ! ,secret>y det]m9es "u p>agraph 7#a7 t ! draft regulation w\ld result 9 an increase 9 a subsidy co/1 !n ! ,secret>y may take no fur!r action ) respect to su* regulation4 7b7 ,propos$ or f9al regulations & executive actions ,beg9n+ aft] ! date ( enactm5t ( ?is section1 ! ,secret>y may n issue a propos$ rule1 f9al regulation1 or executive action implem5t+ ?is title if ! ,secret>y det]m9es t ! rule1 regulation1 or executive action-- 7#a7 is economically significant2 & 7#b7 w\ld result 9 an increase 9 a subsidy co/4 7c7 ,relation%ip to o!r requirem5ts ,! analyses requir$ "u subsections 7a7 & 7b7 %all be 9 addition to any o!r co/ analysis requir$ "u law = a regulation implem5t+ ?is title1 includ+ any co/ analysis t may be requir$ pursuant to ,executive ,ord] #abhff 7#eh ,f$4 ,reg4 #eagce2 relat+ to regulatory plann+ & review71 ,executive ,ord] #acefc 7#gf ,f$4 ,reg4 #chba2 relat+ to improv+ regulation & regulatory review71 or any relat$ or successor ord]s4 7d7 ,def9ition ,9 ?is section1 ! t]m economically significant1 :5 us$ ) respect to a draft1 propos$1 or f9al regulation or executive action1 means t ! regulation or executive action is likely1 z det]m9$ by ! ,secret>y-- 7#a7 to h an annual effect on ! economy ( #ajj1jjj1jjj or m2 or 7#b7 adv]sely to affect 9 a mat]ial way ! economy1 a sector ( ! economy1 productivity1 competition1 jobs1 ! environm5t1 public heal? or safety1 or ,/ate1 local1 or tribal gov]nm5ts or communities4 4 #cjd4 ,(fice ( ,f$]al ,/ud5t ,aid 7a7 ,f$]al preemption ,section #def 7#bj ,u4,s4,c4 #ajhg;f7 is am5d$ by add+ at ! end ! foll[+3 7c7 ,f$]al preemption 7#a7 ,9 g5]al ,cov]$ activities %all n be subject to any law or o!r requirem5t ( any ,/ate or political subdivision ( a ,/ate ) respect to-- 7,a7 disclosure requirem5ts2 7,b7 requirem5ts or re/rictions on ! cont5t1 "t1 quantity1 or frequ5cy ( communications ) borr[]s1 endors]s1 or ref]5ces ) respect to su* loans2 or 7,c7 any o!r requirem5t relat+ to ! s]vic+ or collection ( a loan made "u ?is title4 7#b7 ,cov]$ activities def9$ ,9 ?is subsection1 ! t]m cov]$ activities means any ( ! foll[+ activities1 z c>ri$ out by a qualifi$ entity3 7,a7 ,orig9ation ( a loan made "u ?is title4 7,b7 ,s]vic+ ( a loan made "u ?is title4 7,c7 ,collection ( a loan made "u ?is title4 7,d7 ,any o!r activity relat$ to ! activities describ$ 9 subp>agraphs 7,a7 ?r\gh 7,c74 4 7b7 ,procurem5t flexibility ,section #adb 7#bj ,u4,s4,c4 #ajah;a7 is am5d$-- 7#a7 by r$esignat+ subsection 7l7 z subsection 7m72 & 7#b7 by ins]t+ aft] subsection 7k7 ! foll[+3 7l7 ,guidance to /ud5t loan s]vic]s 7#a7 ,9 g5]al ,9 notify+ a /ud5t loan s]vic] ( a f9al contract modification 7z su* t]m is def9$ 9 section #b4aja ( title #dh1 ,code ( ,f$]al ,regulations7 t in/ructs su* loan s]vic] to p]=m a function t is new or diff]5t f a function su* s]vic] p]=ms pursuant to an exi/+ contract1 ! ,,pbo %all1 n lat] ?an #cj days be=e su* contract *ange takes effect1 provide su* s]vic]s ) writt5 guidance 9 ! =m (-- 7,a7 a *ange ord] 7z su* t]m is def9$ 9 section #b4aja ( title #dh1 ,code ( ,f$]al ,regulations72 7,b7 a de> colleague lett]2 or 7,c7 an electronic ann\ncem5t4 7#b7 ,non-b9d+ directives ,a /ud5t loan s]vic] t is notifi$ ( a f9al contract modification describ$ 9 p>agraph 7#a7 & receives guidance 9 a =m o!r ?an a =m describ$ 9 p>agraph 7#a7 7includ+ ?r\gh emails or phone calls7 %all n be subject to su* contract modification4 4 #b ,accr$itors #caa4 ,accr$it+ ag5cy recognition 7a7 ,crit]ia requir$ ,section #dif7;a7 ( ! ,high] ,education ,act ( #aife 7#bj ,u4,s4,c4 #ajii;b7a77 is am5d$-- 7#a7 9 ! matt] prec$+ p>agraph 7#a71 9 ! fir/ s5t5ce1 by /rik+ or tra9+ & ins]t+ skills developm5t2 7#b7 by am5d+ p>agraph 7#a7 to read z foll[s3 7#a7 ! accr$it+ ag5cy or association 7o!r ?an an accr$it+ ag5cy or association describ$ 9 p>agraph 7#b77;,d77 %all be a ,/ate or national ag5cy or association & %all demon/rate ! ability to op]ate z an in/itutional or programmatic accr$it+ ag5cy or association )9 ! ,/ate or nationally1 z appropriate2 2 7#c7 9 p>agraph 7#b7-- 7,a7 9 subp>agraph 7,a7-- 7i7 9 clause 7i71 by /rik+ pr9cipal2 & 7ii7 9 clause 7ii71 by /rik+ its pr9cipal & ins]t+ a2 & 7,b7 9 subp>agraph 7,c71 by ins]t+ or at ! end2 & 7,c7 by add+ at ! end ! foll[+3 7,d7 is an entity 7su* z an indu/ry-specific quality assurance entity7 t has be5-- 7i7 det]m9$ by a ,/ate to be a reliable au?ority z to ! quality ( education or skills developm5t (f]$ 9 su* ,/ate = ! purposes ( ?is ,act2 & 7ii7 designat$ 79 accordance ) subsection 7b77#a77 by su* ,/ate z an accr$it+ ag5cy or association ) respect to su* ,/ate = su* purposes2 2 7#d7 9 p>agraph 7#c7-- 7,a7 by am5d+ subp>agraph 7,a7 to read z foll[s3 7,a7 subp>agraph 7,a71 7,c71 or 7,d7 ( p>agraph 7#b71 !n su* ag5cy or association is-- 7i7 di/9ctly incorporat$ or organiz$2 & 7ii7 bo? adm9i/ratively & f9ancially sep>ate f1 & indep5d5t (1 any relat$1 associat$1 or affiliat$ trade association or memb]%ip organization1 by ensur+ t-- 7,i7 ! memb]s ( ! bo>d or gov]n+ body ( ! accr$it+ ag5cy or association are n elect$ or select$ by ! bo>d or *ief executive (fic] 7or ! repres5tative ( su* bo>d or (fic]7 ( any relat$1 associat$1 or affiliat$ trade association or memb]%ip organization2 7,,ii7 among ! memb]%ip ( ! bo>d or gov]n+ body ( ! accr$it+ ag5cy or association-- 7aa7 if su* bo>d or body is compris$ ( #e or few] memb]s1 !re is a m9imum ( "o public memb] :o repres5ts bus9ess & :o is n a memb] ( any relat$1 associat$1 or affiliat$ trade association or memb]%ip organization2 & 7bb7 if su* bo>d or body is compris$ ( #f or m memb]s1 !re is a m9imum ( #a su* public memb] = e #f memb]s2 7,,iii7 guidel9es are e/abli%$ = su* memb]s to avoid conflicts ( int]e/1 includ+ specific guidel9es to ensure t no su* memb] is an employee ( any in/itution accr$it$ by ! ag5cy or association or has a f9ancial int]e/ 9 any su* in/itution2 7,,iv7 dues to ! accr$it+ ag5cy or association are paid sep>ately f any dues paid to any relat$1 associat$1 or affiliat$ trade association or memb]%ip organization2 & 7,v7 ! budget ( ! accr$it+ ag5cy or association is develop$1 decid$1 & ma9ta9$ by ! accr$it+ ag5cy or association )\t any review by1 consultation )1 or approval by any relat$1 associat$1 or affiliat$ trade association or memb]%ip organization2 2 7,b7 by /rik+ or at ! end ( subp>agraph 7,b72 & 7,c7 by /rik+ subp>agraph 7,c72 7#e7 9 p>agraph 7#d7-- 7,a7 9 subp>agraph 7,a7-- 7i7 by ins]t+ 79 ! mann] describ$ 9 subp>agraph 7,b77 aft] religi\s missions2 & 7ii7 by /rik+ & at ! end2 & 7,b7 by /rik+ subp>agraph 7,b7 & ins]t+ ! foll[+3 7,b7 su* accr$it+ ag5cy or association consi/5tly applies & en=ces /&>ds t respect ! /at$ religi\s mission ( an in/itution ( high] education by-- 7i7 bas+ decisions reg>d+ accr$itation & preaccr$itation on ! /&>ds ( accr$itation ( su* ag5cy or association2 & 7ii7 n us+ z a negative factor ! in/itution's religi\s mission bas$ policies1 decisions1 & practices 9 ! areas cov]$ by subp>agraphs 7,b71 7,c71 7,d71 7,e71 & 7,f7 ( p>agraph 7#e71 except t ! ag5cy or association may require t ! in/itution's or a program ( /udy's curricula include all core compon5ts requir$ by ! ag5cy or association t are n inconsi/5t ) ! in/itution's religi\s mission2 & 7,c7 su* ag5cy or association demon/rates ! ability to review1 evaluate1 & assess ! quality ( any in/ruction deliv]y model or me?od su* ag5cy or association has or seeks to include )9 its scope ( recognition1 )\t giv+ pref]5ce to or diff]5tially treat+ a p>ticul> in/ruction deliv]y model or me?od (f]$ by an in/itution ( high] education or program1 except t-- 7i7 9 a case 9 :i* ! in/ruction deliv]y model all[s = ! sep>ation ( ! /ud5t f ! in/ructor1 ! ag5cy or association %all n be requir$ to h sep>ate /&>ds1 proc$ures1 or policies = ! evaluation ( ! quality ( any in/ruction deliv]y model or me?od 9 ord] to meet ! requirem5ts ( ?is subp>agraph2 & 7ii7 9 ! case 9 :i* ! in/ruction deliv]y model all[s = ! sep>ation ( ! /ud5t f ! in/ructor-- 7,i7 ! ag5cy or association requires ! in/itution to h processes ?r\gh :i* ! in/itution e/abli%es t ! /ud5t :o regi/]s 9 a c\rse or program is ! same /ud5t :o p>ticipates 9 ! program 7includ+1 to ! ext5t practicable1 ! te/+ or o!r assessm5ts requir$ "u ! program71 completes ! program1 & receives ! academic cr$it2 & 7,,ii7 ! ag5cy or association requires t any process us$ by an in/itution to comply ) ! requirem5t "u clause 7,i7 does n infr+e ^u /ud5t privacy & is implem5t$ 9 a mann] t is m9imally burd5some to ! /ud5t2 2 & 7#f7 9 p>agraph 7#e7-- 7,a7 by am5d+ subp>agraph 7,a7 to read z foll[s3 7,a7 success ) respect to /ud5t a*ievem5t outcomes 9 relation to ! in/itution's mission & to ! programs ! in/itution (f]s1 or ! mission ( a specific degree1 c]tificate1 or cr$5tial program1 :i* may include diff]5t /&>ds = diff]5t in/itutions or programs1 & :i* %all include-- 7i7 /&>ds = consid]ation ( ! m$ian total price *>g$ to /ud5ts = a program ( /udy 9 relation to ! m$ian value-add$ e>n+s ( /ud5ts :o complet$ su* program2 7ii7 /&>ds = consid]ation ( le>n+ outcomes measures 7su* z compet5cy atta9m5t & lic5s+ exam9ation passage rates72 7iii7 /&>ds = consid]ation ( labor m>ket outcomes measures 7su* z employ] satisfaction surveys1 employability measures1 e>n+s ga9s1 employm5t rates1 or o!r simil> approa*es72 & 7iv7 /&>ds = consid]ation ( /ud5t success outcomes measures 7su* z completion rates1 ret5tion rates1 & loan repaym5t rates72 2 7,b7 by am5d+ subp>agraph 7,i7 to read z foll[s3 7,i7 record ( /ud5t compla9ts receiv$ by1 or available to1 ! ag5cy or association1 & a process = resolv+ compla9ts receiv$ by ! in/itution2 & 2 & 7,c7 9 subp>agraph 7,j71 by ins]t+ & ! m$ian total price *>g$ to /ud5ts = a program ( /udy 9 relation to ! m$ian value-add$ e>n+s ( /ud5ts :o complet$ su* program provid$ by ! ,secret>y aft] /ud5t loan default rate data provid$ by ! ,secret>y4 7b7 ,secret>ial requirem5ts & au?ority ,subsection 7b7 ( section #dif ( ! ,high] ,education ,act ( #aife 7#bj ,u4,s4,c4 #ajii;b7 is am5d$ to read z foll[s3 7b7 ,secret>ial requirem5ts & au?ority 7#a7 ,/ate designat$ accr$it+ ag5cy 7,a7 ,approval ( /ate plans ,! ,secret>y %all-- 7i7 approve a ,/ate's designation ( an entity z an accr$it+ ag5cy or association = ! purposes describ$ 9 subsection 7a77#b77;,d7 = a #e-ye> p]iod1 beg9n+ n lat] ?an #cj days aft] receipt ( ! plan f su* ,/ate ) respect to su* designation1 if su* plan includes ea* ( ! elem5ts li/$ 9 subp>agraph 7,b72 7ii7 submit to ! ,/ate & ! au?oriz+ committees1 & make publicly available ! ,secret>y's response to ! ,/ate ) respect to su* plan1 includ+ :e!r ! plan includes ea* ( ! elem5ts li/$ 9 subp>agraph 7,b72 & 7iii7 if a ,/ate's designation ( an entity z an accr$it+ ag5cy or association is approv$ pursuant to ?is subp>agraph1 publi% 9 ! ,f$]al ,regi/] ) a #cj-;day public comm5t p]iod-- 7,i7 ! plan submitt$ by su* ,/ate ) respect to su* designation2 & 7,,ii7 ! ,secret>y's response to su* plan4 7,b7 ,requir$ plan elem5ts ,! requir$ elem5ts ( a ,/ate plan submitt$ "u subp>agraph 7,a7 ) respect to ! designation ( an entity z an accr$it+ ag5cy or association are z foll[s3 7i7 ,a description ( ! process ! ,/ate us$ to select ! entity = su* designation4 7ii7 ,a ju/ification ( ! ,/ate's decision to select ! entity = su* designation4 7iii7 ,a description ( any requirem5ts 79 addition to ! requirem5ts ( ?is section71 t ! ,/ate requir$ ! entity to comply ) z a condition ( receiv+ & ma9ta9+ su* designation4 7iv7 ,a copy ( ! /&>ds1 policies1 & proc$ures ( ! entity t ! ,/ate consid]$ 9 select+ ! entity = su* designation4 7v7 ,! ,/ate's assessm5t ( h[ ! /&>ds = accr$itation ( ! entity w be effective 9 meet+ ! requirem5ts ( subsection 7a77#e74 7vi7 ,evid5ce t at lea/ "o o!r ,/ate has det]m9$ t su* entity is a reliable au?ority z to ! quality ( education (f]$ = ! purposes ( ?is ,act4 7vii7 ,an assurance t ! ,/ate w comply ) ! monitor+ requirem5ts describ$ 9 subp>agraph 7,c74 7,c7 ,/ate monitor+ 7i7 ,9 g5]al ,a ,/ate t has designat$ an entity z an accr$it+ ag5cy or association = ! purposes describ$ 9 subsection 7a77#b77;,d7 %all submit to ! ,secret>y1 & to ! ,/ate au?oriz+ entity1 z appropriate1 a report at ! end ( ! #e-ye> p]iod = :i* ! entity has receiv$ su* designation1 :i* %all include1 ) respect to ea* po/second>y education program or in/itution t has be5 accr$it$ by su* entity dur+ su* p]iod1 & disaggregat$ by type ( cr$5tial1 c]tification1 or degree-- 7,i7 ! numb] & p]c5tage ( /ud5ts :o h successfully obta9$ a po/second>y education cr$5tial1 c]tification1 or degree (f]$ by su* program or in/itution2 & 7,,ii7 ! numb] & p]c5tage ( /ud5ts :o 7 enroll$ & did n successfully obta9 su* a cr$5tial1 c]tification1 or degree )9 #aej p]c5t ( ! program l5g?4 7ii7 ,c\nt+ transf] /ud5ts ,= purposes ( clause 7i77,i71 a /ud5t %all be c\nt$ z obta9+ a cr$5tial1 c]tification1 or degree (f]$ by a program or in/itution t 0 accr$it$ by ! entity dur+ ! p]iod = :i* ! report "u ?is subp>agraph is be+ submitt$1 if ! /ud5t obta9s su* cr$5tial1 c]tification1 or degree aft] transf]r+ to ano!r in/itution dur+ su* p]iod4 7#b7 ,au?ority to provide an accel]at$ pa? to recognition ,) respect to a prospective accr$it+ ag5cy or association t submits to ! ,secret>y an application = initial recognition "u ?is ,act1 ! ,secret>y may provide su* recognition to su* ag5cy or association )9 #b ye>s aft] receipt ( su* application1 if su* application-- 7,a7 demon/rates t ! ag5cy or association-- 7i7 has at lea/ "o ye> ( exp]i5ce 9 mak+ accr$itation or preaccr$itation decisions2 & 7ii7 has policies 9 place t meet all ! crit]ia "u subsection 7a7 = recognition cov]+ ! range ( ! specific degrees1 c]tificates1 in/itutions1 or program ( /udy = :i* ! ag5cy or association seeks su* recognition2 & 7,b7 provides an assurance t if ! ag5cy or association receives su* recognition1 ! ag5cy or association w submit to ! ,secret>y monitor+ reports reg>d+ accr$itation or preaccr$itation decisions1 z appropriate4 7#c7 ,developm5t ( common t]m9ology ,n lat] ?an #ah mon?s aft] ! date ( enactm5t ( ! ,college ,co/ ,r$uction ,act1 ! ,secret>y %all-- 7,a7 conv5e a panel ( exp]ts to develop common t]m9ology = accr$it+ ag5cies or associations to use 9 mak+ accr$it+ decisions ) respect to program ( /udy or in/itutions1 su* z a common und]/&+ ( monitor+1 w>n+1 %[ cause1 & o!r relevant /atuses1 z appropriate2 & 7,b7 publi% ! recomm5dations = su* common t]m9ology 9 ! ,f$]al ,regi/] ) a #fj-;day public comm5t p]iod4 4 7c7 ,op]at+ proc$ures requir$ 7#a7 ,on-site inspections & reviews ,p>agraph 7#a7 ( section #dif7;c7 7#bj ,u4,s4,c4 #ajii;b7c77 is am5d$-- 7,a7 by ins]t+ 7:i* may v>y bas$ on in/itutional risk consi/5t ) policies promulgat$ by ! ag5cy or association to det]m9e su* risk & int]val frequ5cy z au?oriz$ "u subsection 7p77 aft] int]vals2 & 7,b7 by /rik+ 1 includ+ ^? reg>d+ di/ance education4 7#b7 ,me*anism to id5tify in/itutions & programs exp]i5c+ difficulties ,section #dif7;c7 7#bj ,u4,s4,c4 #ajii;b7c77 is fur!r am5d$-- 7,a7 by r$esignat+ p>agraphs 7#b7 ?r\gh 7#i7 z p>agraphs 7#c7 ?r\gh 7#aj71 respectively2 & 7,b7 by ins]t+ aft] p>agraph 7#a7 ! foll[+3 7#b7 develops a policy process to id5tify any in/itution or program ( /udy accr$it$ by ! ag5cy or association t is n meet+ ! /&>ds = accr$itation ( ! ag5cy or association1 ) a focus on ! /&>ds assess+ an in/itution's or program ( /udy's /ud5t a*ievem5t outcomes describ$ 9 subsection 7a77#e77;,a71 & o!r indicators1 :i* %all include-- 7,a7 n less ?an annually1 evaluat+ ! ext5t to :i* su* an id5tifi$ in/itution or program ( /udy cont9ues to be 9 compliance ) su* /&>ds or o!r indicators2 & 7,b7 z appropriate1 requir+ ! in/itution or program ( /udy to submit a plan1 on an annual basis1 to ! accr$it+ ag5cy or association to-- 7i7 address & rem$y p]=mance issues ) respect to su* compliance2 & 7ii7 ensure t su* plan is successfully implem5t$2 4 7#c7 ,proc$ures ) respect to sub/antive *anges ,p>agraph 7#e7 ( section #dif7;c7 7#bj ,u4,s4,c4 #ajii;b7c77 7z r$esignat$ by p>agraph 7#b77;,a77 is am5d$ to read z foll[s3 7#e7 e/abli%es & applies or ma9ta9s policies1 :i* ensure t any sub/antive *ange to ! educational mission1 program ( /udy1 or program ( /udy ( an in/itution aft] ! ag5cy or association has grant$ ! in/itution accr$itation or preaccr$itation /atus does n adv]sely affect ! capacity ( ! in/itution to cont9ue to meet ! ag5cy's or association's /&>ds = su* accr$itation or preaccr$itation /atus1 :i* %all include policies t-- 7,a7 require ! in/itution to obta9 ! ag5cy's or association's approval ( ! sub/antive *ange be=e ! ag5cy or association includes ! *ange 9 ! scope ( ! in/itution's accr$itation or preaccr$itation /atus2 & 7,b7 def9e sub/antive *ange to include1 at a m9imum-- 7i7 any *ange 9 ! e/abli%$ mission or objectives ( ! in/itution2 7ii7 any *ange 9 ! legal /atus1 =m ( control1 or own]%ip ( ! in/itution1 includ+ ! acquisition or addition ( any o!r in/itution or new location :]e m ?an #ej p]c5t ( a program is (f]$2 7iii7 ! addition ( program ( /udy at a high] cr$5tial level f ! cr$5tial level previ\sly accr$it$ by ! ag5cy or association2 or 7iv7 ! ent]+ into a contract "u :i* an in/itution or organization n c]tifi$ to p>ticipate 9 programs "u ?is title (f]s m ?an #be p]c5t b less ?an #ej p]c5t ( ! in/ruction ( an educational program ( ! in/itution ) su* accr$itation or preaccr$itation /atus2 4 7#d7 ,public availability ,section #dif7;c7 7#bj ,u4,s4,c4 #ajii;b7c77 is fur!r am5d$-- 7,a7 9 p>agraph 7#h7 7z r$esignat$ by p>agraph 7#b77;,a77-- 7i7 9 ! matt] prec$+ subp>agraph 7,a71 by ins]t+ 1 on ! ag5cy's or association's website1 aft] public2 & 7ii7 9 subp>agraph 7,c71 by ins]t+ be=e ! semicolon at ! end ! foll[+3 1 & a summ>y ( :y su* action 0 tak5 or su* placem5t 0 made2 7,b7 9 p>agraph 7#i7 7z s r$esignat$71 by /rik+ & at ! end2 7,c7 9 p>agraph 7#aj77;,b7 7z s r$esignat$71 by /rik+ ! p]iod at ! end & ins]t+ ! foll[+3 1 includ+ an assurance t ! in/itution does n d5y a transf] ( cr$it bas$ solely on ! accr$itation ( ! in/itution at :i* ! cr$it 0 e>n$22 & 7,d7 by add+ at ! end ! foll[+3 7#aa7 su* ag5cy or association %all make publicly available1 on ! ag5cy or association's website1 a li/ ( ! in/itutions ( high] education or program ( /udy accr$it$ by su* ag5cy or association1 :i* includes1 ) respect to ea* su* in/itution or program ( /udy-- 7,a7 ! ye> accr$itation 0 grant$2 7,b7 ! mo/ rec5t date ( an aw>d ( accr$itation or reaccr$itation2 & 7,c7 ! anticipat$ date ( ! in/itution's next evaluation = reaccr$itation2 4 7#e7 ,prohibition on litmus te/s ,section #dif7;c7 7#bj ,u4,s4,c4 #ajii;b7c77 is fur!r am5d$ by add+ at ! end ! foll[+3 7#ab7 confirms t ! /&>ds = accr$itation ( ! ag5cy or association d n-- 7,a7 except z provid$ 9 subp>agraph 7,b7-- 7i7 require1 enc\rage1 or co]ce any in/itution to-- 7,i7 support1 oppose1 or commit to support+ or oppos+-- 7aa7 a specific p>tisan1 political1 or ideological viewpo9t or belief or set ( su* viewpo9ts or beliefs2 or 7bb7 a specific viewpo9t or belief or set ( viewpo9ts or beliefs on social1 cultural1 or political issues2 or 7,,ii7 support or commit to support+ ! disp>ate treatm5t ( any individual or gr\p ( individuals on ! basis ( any protect$ class "u ,f$]al civil rights law1 except z requir$ by ,f$]al law or a c\rt ord]2 or 7ii7 assess an in/itution's or program ( /udy's commitm5t to any ideology1 belief1 or viewpo9t2 or 7,b7 prohibit an in/itution-- 7i7 f hav+ a religi\s mission or f requir+ an applicant1 /ud5t1 employee1 or indep5d5t contractor 7su* z an adjunct pr(essor7 ( su* an in/itution to-- 7,i7 provide or adh]e to a /atem5t ( fai?2 or 7,,ii7 adh]e to a code ( conduct consi/5t ) ! /at$ religi\s mission ( su* in/itution or ! religi\s t5ets ( su* organization2 or 7ii7 f requir+ an applicant1 /ud5t1 employee1 or contractor to take an oa? to uphold ! ,con/itution ( ! ,unit$ ,/ates2 or 7,c7 require1 enc\rage1 or co]ce an in/itution ( high] education to violate any "r protect$ by ! ,con/itution2 4 7#f7 ,prohibition on assessm5t ( elect$ or appo9t$ (ficials ,section #dif7;c7 7#bj ,u4,s4,c4 #ajii;b7c77 is fur!r am5d$ by add+ at ! end ! foll[+3 7#ac7 confirms t ! /&>ds = accr$itation ( ! ag5cy or association d n assess ! roles 7includ+ actions or /atem5ts7 ( elect$ & appo9t$ ,/ate & ,f$]al (ficials & legislative bodies2 & 4 7#g7 ,prohibition ( practices t drive cr$5tial inflation ,section #dif7;c7 7#bj ,u4,s4,c4 #ajii;b7c77 is fur!r am5d$ by add+ at ! end ! foll[+3 7#ad7 confirms t ! /&>ds = accr$itation ( ! ag5cy or association d n require an in/itution to develop a program ( /udy lead+ to a degree1 c]tificate1 or recogniz$ po/second>y cr$5tial t is n 9 response to ! ne$s ( an indu/ry or occupation4 4 7d7 ,l5g? ( recognition ,subsection 7d7 ( section #dif 7#bj ,u4,s4,c4 #ajii;b7 is am5d$-- 7#a7 by /rik+ ,no accr$it+ & ins]t+ ! foll[+3 7#a7 ,9 g5]al ,except z o!rwise provid$ 9 p>agraph 7#b71 no accr$it+ 2 & 7#b7 by add+ at ! end ! foll[+ new p>agraph3 7#b7 ,long] recognition au?oriz$ = c]ta9 ag5cies & associations ,not)/&+ p>agraph 7#a71 an accr$it+ ag5cy or association t has be5 recogniz$ by ! ,secret>y = ! purpose ( ?is ,act = a p]iod ( #e ye>s1 may be recogniz$ = an additional p]iod ( up to #c ye>s1 if ! ,secret>y det]m9es1 bas$ on ! p]=mance ( ! accr$it+ ag5cy or association dur+ its recognition p]iod "u ?is ,act1 t ! accr$it+ ag5cy or association-- 7,a7 has ! capability to evaluate ! quality ( in/itutions or program ( /udy2 & 7,b7 has ma9ta9$ compliance ) ! crit]ia = accr$it+ ag5cies or associations requir$ by ?is section4 4 7e7 ,limitation on scope ( crit]ia ,section #dif 7#bj ,u4,s4,c4 #ajii;b7 is fur!r am5d$ by am5d+ subsection 7g7 to read z foll[s3 7g7 ,limitation on scope ( crit]ia 7#a7 ,9 g5]al ,! ,secret>y %all n e/abli% crit]ia = accr$it+ ag5cies or associations t are n requir$ by ?is section4 7#b7 ,in/itutional eligibility ,an in/itution ( high] education %all be eligible = p>ticipation 9 programs "u ?is title if ! in/itution is 9 compliance ) ! /&>ds ( its accr$it+ ag5cy or association t assess ! in/itution 9 accordance ) subsection 7a77#e71 reg>dless ( any additional /&>ds adopt$ by ! ag5cy or association = purposes unrelat$ to p>ticipation 9 programs "u ?is title4 4 7f7 ,*ange ( accr$it+ ag5cy ,section #dif 7#bj ,u4,s4,c4 #ajii;b7 is fur!r am5d$ by am5d+ subsection 7h7 to read z foll[s3 7h7 ,*ange ( accr$it+ ag5cy or association 7#a7 ,9 g5]al ,! ,secret>y %all recognize ! accr$itation ( any o!rwise eligible in/itution or program ( /udy if ! in/itution 7or program7 is 9 ! process ( *ang+ its accr$it+ ag5cy or association1 unless ! in/itution 7or program7 is subject to "o or m cov]$ actions4 7#b7 ,cov]$ action def9$ ,= purposes ( ?is subsection1 ! t]m cov]$ action means "o or m ( ! foll[+1 :5 us$ ) respect to an in/itution or program ( /udy3 7,a7 ,a p5d+ or f9al action br\ght by a ,/ate ag5cy to susp5d1 revoke1 )draw1 or t]m9ate ! in/itution's legal au?ority to provide po/second>y education 9 ! ,/ate4 7,b7 ,a decision by a recogniz$ accr$it+ ag5cy or association to d5y accr$itation or preaccr$itation to ! in/itution or program ( /udy4 7,c7 ,a p5d+ or f9al action br\ght by a recogniz$ accr$it+ ag5cy or association to susp5d1 revoke1 )draw1 or t]m9ate ! in/itution's or program ( /udy's accr$itation or preaccr$itation4 7,d7 ,probation or an equival5t /atus impos$ on ! in/itution or program ( /udy by a recogniz$ accr$it+ ag5cy or association4 7#c7 ,in/itutions ( high] education n subject to cov]$ actions ,an in/itution 7or program ( /udy 7 t is n subject to a cov]$ action describ$ 9 p>agraph 7#a7 & t desires to *ange its accr$it+ ag5cy or association = a reason n relat$ to any su* cov]$ action 7su* z compliance ) ,/ate law7 may make su* a *ange )\t ! approval ( ! ,secret>y1 z long z ! in/itution 7or program7 & ! new accr$it+ ag5cy or association ( ! in/itution 7or program71 n lat] ?an #cj days aft] ! accr$itation decision by su* ag5cy or association1 notify ! ,secret>y1 9 writ+1 ( ! effective date ( ! in/itution's 7or program's7accr$itation by su* ag5cy or association4 4 7g7 ,dual accr$itation rule ,section #dif 7#bj ,u4,s4,c4 #ajii;b7 is fur!r am5d$ by am5d+ subsection 7i7 to read z foll[s3 7i7 ,dual accr$itation rule 7#a7 ,recognition by secret>y ,! ,secret>y %all recognize ! accr$itation ( any o!rwise eligible in/itution ( high] education if ! in/itution ( high] education is accr$it$1 z an in/itution1 by m ?an "o accr$it+ ag5cy or association4 7#b7 ,designation by in/itution ,if ! in/itution is accr$it$1 z an in/itution1 by m ?an "o accr$it+ ag5cy or association1 ! in/itution-- 7,a7 %all designate :i* ag5cy's or association's accr$itation %all be utiliz$ 9 det]m9+ ! in/itution's eligibility = p>ticipation 9 programs "u ?is ,act2 & 7,b7 may *ange ?is designation at ! end ( ! in/itution's p]iod ( recognition4 4 7h7 ,religi\s in/itutions rule ,section #dif 7#bj ,u4,s4,c4 #ajii;b7 is fur!r am5d$ by am5d+ subsection 7k7 to read z foll[s3 7k7 ,religi\s in/itution rule 7#a7 ,9 g5]al ,not)/&+ subsection 7j71 ! ,secret>y %all all[ an in/itution t has _h its accr$itation )drawn1 revok$1 or o!rwise t]m9at$1 or has volunt>ily )drawn f an accr$itation ag5cy1 to rema9 c]tifi$ z an in/itution ( high] education "u section #ajb & subp>t #c ( ?is "p = a p]iod suffici5t to all[ su* in/itution to obta9 alt]native accr$itation1 if ! ,secret>y det]m9es t ! )drawal1 revocation1 or t]m9ation-- 7,a7 is relat$ to ! religi\s mission or affiliation ( ! in/itution2 & 7,b7 is n relat$ to ! accr$itation crit]ia provid$ = 9 ?is section4 7#b7 ,adm9i/rative compla9t = failure to respect religi\s mission 7,a7 ,9 g5]al 7i7 ,in/itution ,if an in/itution ( high] education believes t an adv]se action ( an accr$it+ ag5cy or association fails to respect ! in/itution's religi\s mission 9 violation ( subsection 7a77#d77;,b71 ! in/itution-- 7,i7 may file a compla9t ) ! ,secret>y to review ! adv]se action ( ! ag5cy or association2 & 7,,ii7 prior to fil+ su* compla9t1 %all notify ! ,secret>y & ! ag5cy or association ( an int5t to file su* compla9t n lat] ?an #cj days aft]-- 7aa7 receiv+ ! adv]se action f ! ag5cy or association2 or 7bb7 det]m9+ t discussions ) or ! processes ( ! ag5cy or association to rem$y ! failure to respect ! religi\s mission ( ! in/itution w fail to result 9 ! )drawal ( ! adv]se action by ! ag5cy or association4 7ii7 ,accr$it+ ag5cy or association ,^u notification ( an int5t to file a compla9t & ?r\gh ! duration ( ! compla9t process "u ?is p>agraph1 ! ,secret>y & ! accr$it+ ag5cy or association %all treat ! accr$itation /atus ( ! in/itution ( high] education z if ! adv]se action = :i* ! in/itution is fil+ ! compla9t _h n be5 tak54 7,b7 ,compla9t ,n lat] ?an #de days aft] provid+ notice ( ! int5t to file a compla9t1 ! in/itution %all file ! compla9t ) ! ,secret>y 7& provide a copy to ! accr$it+ ag5cy or association71 :i* %all include-- 7i7 a description ( ! adv]se action2 7ii7 h[ ! adv]se action fails to respect ! in/itution's religi\s mission 9 violation ( subsection 7a77#d77;,b72 & 7iii7 any o!r in=mation ! in/itution det]m9es relevant to ! compla9t4 7,c7 ,response 7i7 ,9 g5]al ,! accr$it+ ag5cy or association %all h #cj days f ! date ! compla9t is fil$ ) ! ,secret>y to file ) ! ,secret>y 7& provide a copy to ! in/itution7 a response to ! compla9t1 :i* response %all include-- 7,i7 h[ ! adv]se action is bas$ on a violation ( ! ag5cy or association's /&>ds = accr$itation2 & 7,,ii7 h[ ! adv]se action does n fail to respect ! religi\s mission ( ! in/itution & is 9 compliance ) subsection 7a77#d77;,b74 7ii7 ,burd5 ( pro( 7,i7 ,9 g5]al ,! accr$it+ ag5cy or association %all be> ! burd5 ( prov+ t ! ag5cy or association has n tak5 ! adv]se action z a result ( ! in/itution's religi\s mission1 & t ! action does n fail to respect ! in/itution's religi\s mission 9 violation ( subsection 7a77#d77;,b71 by %[+ t ! adv]se action does n impact ! aspect ( ! religi\s mission claim$ to be affect$ 9 ! compla9t4 7,,ii7 ,insuffici5t pro( ,any evid5ce t ! adv]se action results f ! application ( a neutral & g5]ally applicable rule %all be insuffici5t to prove t ! action does n fail to respect an in/itution's religi\s mission4 7,d7 ,additional in/itution response ,! in/itution %all h #cj days f ! date on :i* ! ag5cy or association's response is fil$ ) ! ,secret>y to-- 7i7 file ) ! ,secret>y 7& provide a copy to ! ag5cy or association7 a response to any issues rais$ 9 ! response ( ! ag5cy or association2 or 7ii7 in=m ! ,secret>y & ! ag5cy or association t ! in/itution elects to waive ! "r to respond to ! response ( ! ag5cy or association4 7,e7 ,secret>ial action 7i7 ,9 g5]al ,n lat] ?an #cj days ( receipt ( ! in/itution's response "u subp>agraph 7,d7 or notification t ! in/itution elects n to file a response "u su* subp>agraph-- 7,i7 ! ,secret>y %all review ! mat]ials to det]m9e if ! accr$it+ ag5cy or association has met its burd5 ( pro( "u subp>agraph 7,c77ii77,i72 or 7,,ii7 9 a case 9 :i* ! ,secret>y fails to conduct su* review-- 7aa7 ! ,secret>y %all be deem$ z det]m9+ t ! adv]se action fails to respect ! religi\s mission ( ! in/itution2 & 7bb7 ! accr$it+ ag5cy or association %all be requir$ to rev]se ! action imm$iately & take no fur!r action ) respect to su* adv]se action4 7ii7 ,review ( compla9t ,9 review+ ! compla9t "u clause 7i77,i7-- 7,i7 ! ,secret>y %all consid] ! in/itution to be correct 9 ! ass]tion t ! adv]se action fails to respect ! in/itution's religi\s mission & %all apply ! burd5 ( pro( describ$ 9 subp>agraph 7,c77ii77,i7 ) respect to ! accr$it+ ag5cy or association2 & 7,,ii7 if ! ,secret>y det]m9es t ! accr$it+ ag5cy or association fails to meet su* burd5 ( pro(-- 7aa7 ! ,secret>y %all notify ! in/itution & ! ag5cy or association t ! ag5cy or association is n 9 compliance ) subsection 7a77#d77;,b71 & t su* ag5cy or association %all c>ry out ! requirem5ts ( item 7bb7 to be 9 compliance ) subsection 7a77#d77;,b72 & 7bb7 ! ag5cy or association %all rev]se ! adv]se action imm$iately & take no fur!r action ) respect to su* adv]se action4 7iii7 ,f9al dep>tm5tal action ,! ,secret>y's det]m9ation "u ?is subp>agraph %all be ! f9al action ( ! ,dep>tm5t on ! compla9t4 7,f7 ,rule ( con/ruction ,no?+ 9 ?is p>agraph %all prohibit-- 7i7 an accr$it+ ag5cy or association f tak+ an adv]se action aga9/ an in/itution ( high] education = a failure to comply ) ! ag5cy or association's /&>ds ( accr$itation z long z su* /&>ds are 9 compliance ) subsection 7a77#d77;,b7 & any o!r applicable requirem5ts ( ?is section2 or 7ii7 an in/itution ( high] education f ex]cis+ any o!r rights to address conc]ns ) respect to an accr$it+ ag5cy or association or ! accr$itation process ( an accr$it+ ag5cy or association4 7,g7 ,guidance 7i7 ,9 g5]al ,! ,secret>y may only issue guidance "u ?is p>agraph t expla9s or cl>ifies ! process = provid+ notice ( an int5t to file a compla9t or = fil+ a compla9t "u ?is p>agraph4 7ii7 ,cl>ification ,! ,secret>y may n issue guidance1 or o!rwise det]m9e or sugge/1 :5 discussions to rem$y ! failure by an accr$it+ ag5cy or association to respect ! religi\s mission ( an in/itution ( high] education ref]r$ to 9 subp>agraph 7,a77i77,,ii77bb7 h fail$ or w fail4 7#c7 ,religi\s mission def9$ ,9 ?is ,act1 ! t]m religi\s mission-- 7,a7 means a publi%$ in/itutional mission t is approv$ by ! gov]n+ body ( an in/itution ( high] education & t includes1 ref]s to1 or is pr$icat$ ^u religi\s t5ets1 beliefs1 or tea*+s2 & 7,b7 may be reflect$ 9 any ( ! in/itution's policies1 decisions1 or practices relat$ to su* t5ets1 beliefs1 or tea*+s 7includ+ any policies or decisions conc]n+ h\s+1 employm5t1 curriculum1 self-gov]nance1 or /ud5t admission1 cont9u+ enrollm5t1 or graduation74 4 7i7 ,indep5d5t evaluation ,section #dif7n77#c7 7#bj ,u4,s4,c4 #ajii;b7n77#c77 is am5d$ by /rik+ ! la/ s5t5ce4 7j7 ,regulations ,section #dif7o7 7#bj ,u4,s4,c4 #ajii;b7o77 is am5d$ by ins]t+ be=e ! p]iod at ! end ! foll[+3 1 or ) respect to ! policies & proc$ures ( an accr$itation ag5cy or association describ$ 9 p>agraph 7#b7 or 7#e7 ( subsection 7c7 or h[ ! ag5cy or association c>ries out su* policies & proc$ures4 7k7 ,risk-bas$ review processes or proc$ures2 waiv] ,section #dif 7#bj ,u4,s4,c4 #ajii;b7 is fur!r am5d$-- 7#a7 by /rik+ subsections 7p7 & 7q72 & 7#b7 by add+ at ! end ! foll[+3 7p7 ,risk-bas$ or diff]5tiat$ review processes or proc$ures 7#a7 ,9 g5]al ,not)/&+ any o!r provision ( law 7includ+ subsection 7a77#d77;,a771 an accr$it+ ag5cy or association %all e/abli% risk-bas$ processes or proc$ures = assess+ compliance ) ! accr$it+ ag5cy or association's /&>ds 7includ+ policies relat$ to sub/antive *ange & aw>d ( accr$itation /atuses7 "u :i* ! ag5cy or association-- 7,a7 creates a sy/em = und]/&+ an in/itution's or program ( /udy's p]=mance 9 comp>ison ) o!r simil>ly situat$ in/itutions or programs ( /udy 7:i* may include pa/ p]=mance ) respect to meet+ ! accr$it+ ag5cy or association's /&>ds1 includ+ ! /&>ds relat+ to ! /ud5t a*ievem5t outcomes describ$ 9 subclauses 7,i7 ?r\gh 7,,iv7 ( subsection 7a77#e77;,a772 7,b7 requires = ea* in/itution & program ( /udy designat$ z high-risk1 9 accordance ) ! accr$it+ ag5cy or association's sy/em 9 subp>agraph 7,a71 to submit ! annual plans describ$ 9 subsection 7c77#b77;,b7 to ! ag5cy or association t address ! p]=mance issues ( su* in/itution or program ( /udy t result$ 9 su* designation2 7,c7 ) respect to in/itutions or program ( /udy meet+ or exce$+ p]=mance z describ$ 9 subp>agraph 7,a71 r$uces any compliance requirem5ts ) ! /&>ds ( accr$itation ( ! ag5cy t are n assess+ an in/itution or program ( /udy "u subsection 7a77#e71 su* z on-site inspections2 & 7,d7 may require an in/itution or program ( /udy t has decl9+ p]=mance 7su* z an in/itution or program ( /udy ) a high-risk designation "u subp>agraph 7,b771 :i* has n improv$ z requir$ by ! annual plan submitt$ "u subsection 7c77#b77;,b71 to take actions to avoid or m9imize ! risks t may lead to revocation ( accr$itation 7su* z limit+ c]ta9 program ( /udy enrollm5t or recomm5d+ to ! ,secret>y to limit funds "u ?is title = su* an in/itution or program4 7#b7 ,prohibition ,any risk-bas$ review process or proc$ure e/abli%$ pursuant to ?is subsection %all n discrim9ate aga9/1 or o!rwise preclude1 in/itutions ( high] education bas$ on in/itutional sector or category1 includ+ an in/itution ( high] education's tax /atus4 4 7l7 ,total price def9$ ,section #dif 7#bj ,u4,s4,c4 #ajii;b7 is fur!r am5d$ by add+ at ! end ! foll[+3 7q7 ,total price def9$ ,= purposes ( ?is section1 ! t]m total price has ! mean+ giv5 su* t]m 9 section #ded7;d77#c74 4 #cab4 ,national ,advisory ,committee on ,in/itutional ,quality & ,integrity 7,,naciqi7 ,section #aad 7#bj ,u4,s4,c4 #ajaa;c7 is am5d$-- 7#a7 9 subsection 7b7-- 7,a7 9 p>agraph 7#b71 by r$esignat+ subp>agraphs 7,a7 ?r\gh 7,c7 z clauses 7i7 ?r\gh 7iii71 respectively1 & adju/+ ! m>g9s accord+ly2 7,b7 by /rik+ ,individuals & ins]t+ ! foll[+3 7,a7 ,9 g5]al ,individuals 2 7,c7 9 clause 7ii71 z s r$esignat$1 by /rik+ & tra9+ & ins]t+ skills developm5t2 7,d7 by add+ at ! end ( p>agraph 7#b7 ! foll[+3 7,b7 ,disqualification ,no individual may be appo9t$ z a memb] ( ! ,committee if su* individual has a significant conflict ( int]e/1 su* z be+ a curr5t regulator 7su* z a ,/ate au?oriz]71 t w\ld require ! individual to frequ5tly be recus$ f s]v+ z a memb] ( ! ,committee4 2 & 7,e7 9 p>agraph 7#c71 by /rik+ ,except z provid$ 9 p>agraph 7#e71 ! t]m & ins]t+ ,! t]m2 7#b7 9 subsection 7c7-- 7,a7 9 p>agraph 7#d71 by add+ & at ! end2 7,b7 9 p>agraph 7#e71 by /rik+ 2 & at ! end & ins]t+ a p]iod2 & 7,c7 by /rik+ p>agraph 7#f72 7#c7 9 subsection 7d77#b71 by ins]t+ at ! end ! foll[+3 ,! "n ( any memb] ( ! ,committee :o has be5 recus$ ) respect to an ag5da item ( ! meet+ %all be includ$ 9 su* ag5da42 7#d7 9 subsection 7e77#b77;,d71 by /rik+ 1 includ+ any additional functions e/abli%$ by ! ,secret>y ?r\gh regulation2 & 7#e7 9 subsection 7f71 by /rik+ ,septemb] #cj1 #bjba & ins]t+ ,septemb] #cj1 #bjbh4 #cac4 ,alt]native quality assurance exp]im5tal site initiative ,section #dhg;,a ( ! ,high] ,education ,act ( #aife 7#bj ,u4,s4,c4 #ajid;a7 is am5d$-- 7#a7 by r$esignat+ subsection 7c7 z subsection 7d72 & 7#b7 by ins]t+ aft] subsection 7b7 ! end ! foll[+3 7c7 ,alt]native quality assurance exp]im5tal site initiative 7#a7 ,exp]im5tal site au?oriz$ ,! ,secret>y %all select1 9 accordance ) p>agraph 7#d71 eligible entities t volunt>ily seek to p>ticipate 9 an ,alt]native ,quality ,assurance exp]im5tal site initiative = a duration ( #e ye>s & receive ! waiv]s or o!r flexibility describ$ 9 p>agraph 7#e7 to evaluate :e!r ! eligible entities1 dur+ su* #e-ye> p]iod1 c ma9ta9 high /ud5t a*ievem5t outcomes :ile p>ticipat+ 9 programs "u ?is title )\t be+ accr$it$ by an accr$it+ ag5cy or association recogniz$ "u section #dif4 7#b7 ,eligible entity def9$ ,= purposes ( ?is subsection1 an eligibility entity means-- 7,a7 an in/itution ( high] education 7z def9$ 9 section #ajb72 or 7,b7 an educational provid] t-- 7i7 is n an in/itution ( high] education2 7ii7 does n receive fund+ "u ?is ,act2 7iii7 is n accr$it$ by an accr$it+ ag5cy or association = ! purposes ( ?is title2 & 7iv7 is au?oriz$ to op]ate 9 ! ,/ate 9 :i* ! provid] is locat$4 7#c7 ,application 7,a7 ,9 g5]al ,ea* eligible entity desir+ to p>ticipate 9 ! exp]im5tal site initiative "u ?is subsection %all submit an application to ! ,secret>y1 at su* "t & 9 su* mann] z ! ,secret>y may require1 :i* %all conta9 ! in=mation describ$ 9 subp>agraph 7,b74 ,! ,secret>y may n require any in=mation 9 su* an application t is n describ$ 9 subp>agraph 7,b74 7,b7 ,cont5ts ,ea* application "u p>agraph 7#a7 %all include-- 7i7 a description ( :i* program ( /udy (f]$ at ! eligible entity w be includ$ 9 ! exp]im5tal site initiative1 includ+-- 7,i7 9 ! case ( an eligible entity t is an in/itution ( high] education1 an atte/ation t su* program meets ! /&>ds ( accr$itation ( ! in/itution's accr$it+ ag5cy or association describ$ 9 clauses 7i7 ?r\gh 7iv7 ( section #dif7;a77#e77;,a7 7includ+ ! /&>d requir+ t ! m$ian value-add$ e>n+s ( /ud5ts :o complete ! program are great] ?an ! m$ian total price *>g$ to /ud5ts = ! program72 & 7,,ii7 9 ! case ( an eligible entity def9$ 9 p>agraph 7#b77;,b71 docum5tation & v]ifi$ adm9i/rative data t ! program meets /&>ds simil> to ! /&>ds ( accr$itation ref]5c$ 9 subclause 7,i72 7ii7 a ju/ification ( ! reason :y ! eligible entity seeks to receive ! waiv] describ$ 9 p>agraph 7#e77;,a71 includ+ e/imates or docum5tation ( ! pot5tial sav+s to ! entity ( receiv+ su* waiv]2 & 7iii7 a description ( h[ ! eligible entity plans to %>e ! f9ancial risk ) ! ,secret>y ( receiv+ ! waiv]s describ$ 9 p>agraph 7#e71 su* z by-- 7,i7 provid+ mat*+ non-,f$]al funds to ! ,secret>y to cov] ! co/ ( at lea/ half ( ! expect$ disbursem5ts "u ?is title to ! /ud5ts t enroll 9 su* program = ! fir/ ye> ( ! exp]im5t2 7,,ii7 provid+ a lett] ( cr$it to ! ,secret>y to cov] ! co/ describ$ 9 subclause 7,i72 or 7,,iii7 reque/+ to be plac$ on a reimbursem5t sy/em ( paym5t4 7#d7 ,selection ,no lat] ?an #f mon?s aft] ! exp]im5tal site initiative is ann\nc$1 ! ,secret>y %all select eligible entities to p>ticipate 9 ! initiative bas$ on ! applications submitt$ "u p>agraph 7#c74 ,9 mak+ su* selections1 ! ,secret>y-- 7,a7 %all consid]-- 7i7 ! numb] & quality ( applications2 7ii7 ea* applicant's ability to effectively %>e ! f9ancial risk z requir$ "u p>agraph 7#c77;,b77iii72 & 7iii7 9 ! case ( an applicant t is an in/itution ( high] education1 ! applicant's hi/ory ( compliance ) ! requirem5ts ( ?is ,act2 7,b7 %all ensure t ! select$ eligible entities repres5t a v>iety ( eligible entities ) respect to size1 mission1 & geographic di/ribution2 7,c7 %all ensure t ! numb] ( eligible entities select$ t are in/itutions ( high] education describ$ 9 p>agraph 7#b77;,b7 is equal to ! numb] ( eligible entities select$ t are educational provid]s describ$ 9 p>agraph 7#b77;,b72 & 7,d7 may n select any eligible entity ^: approval to op]ate 9 a ,/ate is at risk4 7#e7 ,waiv]s ,! ,secret>y is au?oriz$ to waive1 = any eligible entity p>ticipat+ 9 ! exp]im5tal site initiative "u ?is subsection-- 7,a7 any requirem5ts condition+ an eligible entity's eligibility to p>ticipate 9 programs "u ?is title to be+ accr$it$ by an accr$it+ ag5cy or association recogniz$ "u section #dif2 & 7,b7 any o!r requirem5ts ( ?is title det]m9$ necess>y by ! ,secret>y to c>ry out su* initiative 7includ+ requirem5ts relat$ to ! aw>d process & disbursem5t ( /ud5t f9ancial aid1 or o!r managem5t proc$ures or processes71 except t ! ,secret>y %all n waive any provisions ) respect to aw>d rules 7o!r ?an an aw>d rule relat$ to an exp]im5t 9 modul> or compress$ s*$ules71 grant & loan maximum aw>d am\nts1 & ne$ analysis requirem5ts1 unless ! waiv] ( su* provisions is au?oriz$ by ano!r provision "u ?is title4 7#f7 ,review & evaluation 7,a7 ,9 g5]al ,! ,secret>y %all review & evaluate ! exp]im5tal site initiative conduct$ "u ?is subsection1 includ+ by evaluat+1 ) respect to ea* p>ticipat+ program ( ea* p>ticipat+ eligible entity1 :e!r-- 7i7 ! m$ian value-add$ e>n+s ( /ud5ts :o complete ! program ( /udy are great] ?an ! m$ian total price *>g$ to /ud5ts = su* program2 & 7ii7 ! program ( /udy is meet+ o!r /ud5t a*ievem5t outcomes 7su* z outcomes bas$ on /&>ds ( accr$itation describ$ 9 section #dif7;a77#e77;,a771 z appropriate = ! program4 7,b7 ,recomm5dations ,if1 bas$ on su* evaluation1 ! ,secret>y det]m9es t p>ticipat+ eligible entities 7 able to meet ! requirem5t ( subp>agraph 7,a77i7 & ! o!r /ud5t a*ievem5t outcomes evaluat$ by ! ,secret>y "u subp>agraph 7,a77ii71 ! ,secret>y %all submit to ! au?oriz+ committees recomm5dations reg>d+ am5dm5ts to ?is ,act t w /reaml9e & enhance ! quality assurance process ( in/itutions ( high] education1 & educational provid]s describ$ 9 p>agraph 7#b77;,b74 4 ,b ,,/ud5t ,,success #cba4 ,po/second>y /ud5t success grants ,"p ,b ( title ,,vii ( ! ,high] ,education ,act ( #aife 7#bj ,u4,s4,c4 #aach et seq47 is am5d$-- 7#a7 9 section #gda-- 7,a7 by /rik+ subsections 7b71 7c71 7e71 & 7f72 7,b7 by r$esignat+ subsection 7d7 z subsection 7c72 & 7,c7 by ins]t+ aft] subsection 7a7 ! foll[+3 7b7 ,grants 7#a7 ,def9itions ,9 ?is subsection3 7,a7 ,completion rate ,! t]m completion rate means-- 7i7 ! p]c5tage ( /ud5ts f an initial cohort enroll$ at an in/itution ( high] education t is a #b-ye> in/itution :o h graduat$ f ! in/itution or transf]r$ to a #d-ye> in/itution ( high] education2 or 7ii7 ! p]c5tage ( /ud5ts f an initial cohort enroll$ at an in/itution ( high] education 9 ! ,/ate t is a #d-ye> in/itution :o h graduat$ f ! in/itution4 7,b7 ,eligible entity ,! t]m eligible entity means-- 7i7 an in/itution ( high] education2 7ii7 a p>tn]%ip betwe5 a nonpr(it educational organization & an in/itution ( high] education2 & 7iii7 a consortium ( in/itutions ( high] education4 7,c7 ,eligible indian entity ,! t]m eligible ,indian entity means ! entity responsible = ! gov]nance1 op]ation1 or control ( a ,tribal ,college or ,univ]sity4 7,d7 ,evid5ce-bas$ ,! t]m evid5ce-bas$ has ! mean+ giv5 ! t]m 9 section #haja7ba77;,a7 ( ! ,elem5t>y & ,second>y ,education ,act ( #aife 7#bj ,u4,s4,c4 #ghja7ba77;,a771 except t su* t]m %all also apply to in/itutions ( high] education4 7,e7 ,evid5ce ti]s 7i7 ,evid5ce ti] #a re=m or practice ,! t]m evid5ce ti] #a re=m or practice means a re=m or practice t prior rese>* sugge/s has promise = ! purpose ( successfully improv+ /ud5t a*ievem5t or atta9m5t = high-ne$ /ud5ts4 7ii7 ,evid5ce ti] #b re=m or practice ,! t]m evid5ce ti] #b re=m or practice means a re=m or practice describ$ 9 clause 7i71 or o!r practice meet+ simil> crit]ia1 t measures impact & co/ effectiv5ess ( /ud5t success activities1 &1 ?r\gh rigor\s evaluation 7includ+ ?r\gh ! use ( exi/+ adm9i/rative data1 z applicable71 has be5 f\nd to be successfully implem5t$4 7iii7 ,evid5ce ti] #c re=m or practice ,! t]m evid5ce ti] #c re=m or practice means a re=m or practice describ$ 9 clause 7ii71 or o!r practice meet+ simil> crit]ia1 t has be5 f\nd to produce sizable1 important impacts on /ud5t success &-- 7,i7 det]m9es :e!r su* impacts c be successfully reproduc$ & su/a9$ ov] "t2 & 7,,ii7 id5tifies ! conditions 9 :i* su* re=m or practice is mo/ effective4 7,f7 ,fir/ g5]ation college /ud5t ,! t]m fir/ g5]ation college /ud5t has ! mean+ giv5 ! t]m 9 section #djb;,a7h7 ( ! ,high] ,education ,act ( #aife 7#bj ,u4,s4,c4 #ajgj;a-#aa7;h774 7,g7 ,high-ne$ /ud5t ,! t]m high-ne$ /ud5t means-- 7i7 a /ud5t f l[-income backgr\nd2 7ii7 fir/ g5]ation college /ud5ts2 7iii7 c>egiv] /ud5ts2 7iv7 /ud5ts ) disabilities2 7v7 /ud5ts :o /opp$ out be=e complet+2 7vi7 re5t]+ ju/ice-impact$ /ud5ts2 & 7vii7 milit>y-connect$ /ud5ts4 7,h7 ,secret>y ,! t]m ,secret>y means ! ,secret>y ( ,education4 7,i7 ,tribal college or univ]sity ,! t]m ,tribal ,college or ,univ]sity has ! mean+ giv5 ! t]m 9 section #caf7;b7 ( ! ,high] ,education ,act ( #aife 7#bj ,u4,s4,c4 #ajei;c7b774 7#b7 ,res]vation ( funds = eligible indian entities ,f ! total am\nt appropriat$ to c>ry out ?is subsection = a fiscal ye>1 ! ,secret>y %all res]ve #b p]c5t = grants to eligible ,indian entities to increase p>ticipation & completion rates ( high-ne$ /ud5ts4 7#c7 ,au?orization ( po/second>y /ud5t success competitive grants 7,a7 ,grant au?orization ,= ea* ( fiscal ye>s #bjbe ?r\gh #bjcj1 ! ,secret>y %all aw>d1 on a competitive basis1 grants to eligible entities to provide /ud5t s]vices to increase p>ticipation1 ret5tion1 & completion rates ( high-ne$ /ud5ts4 7,b7 ,application ,an eligible entity desir+ a grant "u ?is section %all submit an application to ! ,secret>y at su* "t1 9 su* mann]1 & conta9+ ! in=mation requir$ "u subp>agraph 7,c74 7,c7 ,cont5ts ,an application submitt$ "u ?is p>agraph %all include ! foll[+3 7i7 ,a plan to increase1 ) respect to all /ud5ts enroll$ at ! in/itution ( high] education1 atta9m5t & completion rates or graduation rates1 includ+-- 7,i7 a description ( :i* evid5ce ti]s w\ld be met by ! evid5ce-bas$ re=ms or practices2 & 7,,ii7 a p>ticul> focus on s]v+ high-ne$ /ud5ts ?r\gh /ud5t s]vices & collaboration among #b-ye> programs1 #d-ye> programs1 & work=ce sy/ems4 7ii7 ,annual b5*m>ks = /ud5t outcomes ) respect to evid5ce-bas$ re=ms or practices4 7iii7 ,a plan to evaluate ! evid5ce-bas$ re=ms or practices c>ri$ out pursuant to a grant receiv$ "u ?is subsection4 7iv7 ,rates ( enroll$ /ud5ts :o receiv$ a ,f$]al ,pell ,grant "u section #dja4 7v7 ,demographics ( enroll$ /ud5ts1 includ+ high-ne$ /ud5ts4 7vi7 ,a description ( h[ ! eligible entity w1 directly or 9 collaboration ) in/itutions ( high] education or nonpr(it organizations1 use ! grant funds to implem5t #a or m ( ! foll[+ evid5ce-bas$ re=ms or practices3 7,i7 ,provid+ compreh5sive academic1 c>e]1 & /ud5t s]vices1 :i* may include m5tor+1 advis+1 or case managem5t s]vices4 7,,ii7 ,provid+ accel]at$ le>n+ opportunities1 :i* may include dual or concurr5t enrollm5t programs & e>ly college high s*ool programs4 7,,iii7 ,re=m+ c\rse s*$ul+ or cr$it-aw>d+ policies4 7,,iv7 ,improv+ transf] pa?ways betwe5 ! in/itution ( high] education1 or eligible ,indian entity1 & o!r in/itutions ( high] education4 7vii7 ,a description ( h[ ! evid5ce-bas$ re=ms or practices c>ri$ out pursuant to a grant "u ?is subsection w be su/a9$ once ! grant expires4 7,d7 ,evid5ce-bas$ /ud5t success programs ,f ! total am\nt appropriat$ to c>ry out ?is subsection = a fiscal ye> & n res]v$ "u p>agraph 7#d71 ! ,secret>y %all res]ve n less ?an #bj p]c5t to aw>d grants to eligible entities ) applications t propose to include re=ms or practices-- 7i7 at lea/ #a ( :i* is a ti] #c re=m or practice2 & 7ii7 ! re/ ( :i* are ti] #a or ti] #b re=ms or practices4 7,e7 ,requir$ use ( funds ,an eligible entity t receives a grant "u ?is section %all use ! grant funds to c>ry out ! plans submitt$ pursuant to subp>agraph 7,c7 & = evid5ce-bas$ re=ms or practices = improv+ ret5tion & completion rates ( /ud5ts t may include ! foll[+3 7i7 ,/ud5t s]vices to support ret5tion1 completion1 & success1 :i* may include-- 7,i7 faculty & pe] c\nsel+2 7,,ii7 use ( real-"t data on /ud5t progress2 7,,iii7 improv+ transf] /ud5t success2 & 7,,iv7 inc5tives = /ud5ts to re-enroll or /ay on track4 7ii7 ,direct /ud5t support s]vices1 includ+ a comb9ation (-- 7,i7 tutor+1 academic supports1 & enri*m5t s]vices2 & 7,,ii7 em]g5cy f9ancial assi/ance4 7iii7 ,ef=ts to prep>e /ud5ts = a c>e]1 :i* may include-- 7,i7 c>e] coa*+1 c>e] c\nsel+ & plann+ s]vices1 & ef=ts to l[] /ud5t to advisor ratios2 7,,ii7 network+ & "w-bas$ le>n+ opportunities to support ! developm5t ( skills & pr(essional relation%ips2 7,,iii7 utiliz+ c>e] pa?ways2 & 7,,iv7 boo/+ exp]i5ces necess>y to obta9 & succe$ 9 high-wage1 high-skill$1 7z describ$ 9 section #abb ( ! ,c>l ,d4 ,p]k9s ,c>e] & ,te*nical ,education ,act ( #bjjf 7#bj ,u4,s4,c4 #bcdb77 or 9-dem& indu/ry sectors or occupations 7z def9$ 9 section #c ( ! ,work=ce ,innovation & ,opportunity ,act 7#bi ,u4,s4,c4 #cajb774 7iv7 ,ef=ts to recruit & reta9 faculty & o!r in/ructional /aff4 7,f7 ,p]missive use ( funds ,f ! total am\nt appropriat$ to c>ry out ?is subsection = a fiscal ye>1 & n res]v$ "u p>agraph 7#d7 or subp>agraph 7,d71 ! ,secret>y may set aside-- 7i7 n m ?an #e p]c5t = adm9i/ration1 capacity build+1 rese>*1 evaluation1 & report+2 & 7ii7 n m ?an #b p]c5t = te*nical assi/ance to eligible entities4 7,g7 ,evaluations 7i7 ,9 g5]al ,= ! purpose ( improv+ ! effectiv5ess ( ! evid5ce-bas$ re=ms or practices c>ri$ out by eligible entities pursuant to a grant "u ?is subsection1 ! ,secret>y %all make grants to or ent] into contracts ) "o or m organizations to-- 7,i7 evaluate ! effectiv5ess ( su* re=ms or practices2 & 7,,ii7 dissem9ate in=mation on ! impact ( su* re=ms or practices 9 increas+ completion & ret5tion activities ( /ud5ts1 z well z o!r appropriate measures4 7ii7 ,issues to be evaluat$ ,! evaluations requir$ "u clause 7i7 %all measure ! effectiv5ess ( ! evid5ce-bas$ re=ms or practices c>ri$ out by eligible entities pursuant to a grant "u ?is subsection 9-- 7,i7 :e!r su* eligible entity implem5t$ ! plans1 & c>ri$ out ! activities1 describ$ 9 subp>agraph 7,c72 & 7,,ii7 comp>+ ! completion & ret5tion rates ( /ud5ts :o p>ticipat$ 9 su* re=ms or practices ) ! rates ( /ud5ts ( simil> backgr\nds :o did n p>ticipate 9 su* re=ms or practices4 7iii7 ,results ,n lat] ?an #ah mon?s aft] ! date ( ! enactm5t ( ?is subsection1 ! ,secret>y %all submit to ! au?oriz+ committees a f9al report4 7,h7 ,grant limit ,an in/itution ) bran* campuses t is an eligible entity may only receive a grant "u ?is subsection = #a campus ( su* in/itution at a "t4 7#d7 ,au?orization ( appropriations ,!re are au?oriz$ to be appropriat$ to c>ry out ?is subsection1 #de1jjj1jjj1 = ea* ( fiscal ye>s #bjbf ?r\gh #bjca4 2 & 7#b7 by /rik+ sections #gdb ?r\gh #gde4 #cbb4 ,rev]se ,transf] ,effici5cy ,act ,section #ddd7;b77#a7 ( ! ,g5]al ,education ,provisions ,act 7#bj ,u4,s4,c4 #abcb;g7b77#a77 is am5d$-- 7#a7 9 subp>agraph 7,k77ii71 by /rik+ 2 & & ins]t+ a semicolon2 7#b7 9 subp>agraph 7,l71 by /rik+ ! p]iod at ! end & ins]t+ 2 &2 & 7#c7 by ins]t+ aft] subp>agraph 7,l7 ! foll[+3 7,m7 an in/itution ( po/second>y education 9 :i* a /ud5t 0 previ\sly enroll$1 to :i* records ( po/second>y c\rsework & cr$its are s5t = ! purpose ( apply+ su* c\rsework & cr$its t[>d completion ( a recogniz$ po/second>y cr$5tial 7z t t]m is def9$ 9 section #c ( ! ,work=ce ,innovation & ,opportunity ,act 7#bi ,u4,s4,c4 #cajb771 ^u condition t ! /ud5t provides writt5 cons5t prior to receiv+ su* cr$5tial4 4 #cbc4 ,transp>5t & fair transf] ( cr$it policies ,section #dhe7;h7 ( ! ,high] ,education ,act ( #aife 7#bj ,u4,s4,c4 #ajib7;h77 is am5d$-- 7#a7 9 p>agraph 7#a77;,a71 by ins]t+ 1 includ+ ) respect to ! acceptance or d5ial ( su* cr$it aft] high] education2 7#b7 by r$esignat+ p>agraph 7#b7 z p>agraph 7#c72 & 7#c7 by ins]t+ aft] p>agraph 7#a7 ! foll[+3 7#b7 ,d5ial ( cr$it transf] ,an in/itution may n e/abli% a transf] ( cr$it policy :i* d5ies cr$it e>n$ at ano!r in/itution bas$ solely on ! s\rce ( accr$itation ( su* o!r in/itution1 provid$ t su* o!r in/itution is accr$it$ by an ag5cy or association t is recogniz$ by ! ,secret>y pursuant to section #dif4 4 ,novemb] #ah1 #bjbd,report$ ) an am5dm5t1 committ$ to ! ,committee ( ! ,:ole ,h\se on ! ,/ate ( ! ,union1 & ord]$ to be pr9t$