Sec. 201 Time for transparency in higher education
“(30) The institution will publish information in compliance with section 493E.”
“493E. Institutional publication of information
“(a) Publication of information
“(1) In general—Each institution of higher education participating in a program under this title shall publish on the institution's website and in an alternative format, on an annual basis, the information described in paragraphs (2) and (3). To the extent that such data is available, an institution may use data that the institution is already collecting in accordance with other Federal requirements.
“(2) Information—Each institution of higher education described in paragraph (1) shall publish, with respect to the institution as a whole and with respect to each program of study offered by the institution, the following information for the most recent fiscal year for which the information is available:
“(A) For each of the following, the percentage and number of students enrolled at the institution or in the program of study, as applicable, who receive the following:
“(i) Federal grant aid, including Federal Pell Grants under subpart 1 of part A, Federal Supplemental Educational Opportunity Grants under subpart 3 of part A, or any other Federal postsecondary education grant aid or subsidy.
“(ii) Federal student loans, including Federal loans under part D.
“(iii) State grant aid.
“(iv) Institutional grants.
“(v) A student loan from a State.
“(B) Student body enrollment status, including as a—
“(i) first-time, full-time student;
“(ii) first-time, part-time student;
“(iii) non-first-time, full-time student; and
“(iv) non-first-time, part-time student.
“(C) Information about students that includes the following:
“(i) The percentage of students who do not complete the program of study the student initially started upon enrollment.
“(ii) The percentage of students who transfer.
“(iii) The percentage of students who complete the program of study the student initially started upon enrollment.
“(iv) The average length of time for a student to complete the program of study.
“(v) The percentage of students who continue on to higher levels of education.
“(vi) The percentage of former students who received financial aid who are employed at 2, 4, and 6 years after graduating, disaggregated by program of study.
“(vii) The median earnings of former students who earned a degree or credential and received financial aid on the date that is 10 years after the date the students first enrolled in a program of study at the institution, disaggregated by program of study.
“(viii) The median earnings of former students who received financial aid on the date that is 10 years after the date the students first enrolled in a program of study at the institution, disaggregated by program of study.
“(3) Publication of default and non-repayment rates—In addition to the information described in paragraph (2), each institution of higher education described in paragraph (1) shall publish, with respect to the institution as a whole and with respect to each program of study offered by the institution, the following information for the most recent fiscal year for which the information is available:
“(A) The average amount of total Federal student loan debt accrued upon graduation.
“(B) The average amount of total Federal student loan debt accrued by students who leave the institution without having graduated.
“(C) Federal student loan default rate.
“(D) Federal student loan non-repayment rate.
“(E) Default and non-repayment rate, including as a—
“(i) first-time, full-time student;
“(ii) first-time, part-time student;
“(iii) non-first-time, full-time student; and
“(iv) non-first-time, part-time student.
“(F) Default and non-repayment rate, of—
“(i) students who complete a program of study;
“(ii) students who transfer; and
“(iii) students who do not complete a program of study.
“(b) Privacy
“(1) Compliance with FERPA—In carrying out this section, an institution of higher education and any personnel of the institution shall not share any personally identifiable information and shall act in accordance with section 444 of the General Education Provisions Act (20 U.S.C. 1232g, commonly known as the Family Educational Rights and Privacy Act of 1974).
“(2) Prohibition on use of information—Information published pursuant to this section shall not be used by a Federal employee, agency, or officer, or an institution of higher education to take action against an individual.
“(3) Penalties—The Secretary shall establish penalties for a violation of paragraph (1) or (2) that includes both a monetary fine and up to 5 years in prison.
“(c) Rule of construction—Nothing in this section shall be construed to authorize or permit the Secretary or any employee or contractor of the Department to mandate, direct, or control the selection of practices or curriculum by an institution of higher education.”