Tuition Use Information Transparently Identified Online Act
A BILL
To amend the Higher Education Act of 1965 to require each institution of higher education to describe how it spends tuition and fees.
Sec. 2 Disaggregation of tuition and fees by institutional expenses
“(30) The institution will, on an annual basis—
“(A) disaggregate the total revenue generated by the institution from tuition, fees, and other institutional charges for students enrolled in programs eligible for assistance under this title, for the most recent academic year for which data are available, by the proportion of such revenue the institution applied toward any type of institutional expense (such as faculty salaries or facility maintenance);
“(B) provide a description of each such expense; and
“(C) publish, on its public website in the location providing admissions information, the information described in subparagraphs (A) and (B) in a manner that clearly presents such information to students (including prospective students) and their parents.”