12 2 STA T .309 9 PUBLIC LA W 110 – 31 5— AU G .1 4, 200 8ofhig h er e ducat io n, the S ecretar ys ha l l calculate the cost of attend - ance, net p rice, and tuition and fees at such institution in the m anner descri b ed in subsection ( a ) ,e x cept that —‘ ‘( 1 ) the cost of attendance, net price, and tuition and fees shall be calculated for first-time, full-time undergraduate stu- dents enrolled in the institution w ho are residents of the State in which such institution is located
and ‘‘( 2 ) in determining the net price, the a v erage need-based grant aid and merit-based grant aid described in subsection (a)( 3 )( B ) shall be calculated based on the average total amount of such aid received by first-time, full-time undergraduate stu- dents who are residents of the State in which such institution is located, divided by the total number of such resident students receiving such need-based grant aid or merit-based grant aid at such institution . ‘‘(c) COL L EG E AF FO RDABI LI TY A N D T RAN SP AREN C Y L ISTS.— ‘‘(1) A V AILABILITY OF LISTS.—Beginning J uly1,2 0 11, the Secretary shall ma k e publicly available on the College N avi- gator website, in a manner that is sortable and searchable by State, the following
‘‘(A) A list of the five percent of institutions in each category described in subsection (d) that have the highest tuition and fees for the most recent academic year for which data are available. ‘‘(B) A list of the five percent of institutions in each such category that have the highest net price for the most recent academic year for which data are available. ‘‘(C) A list of the five percent of institutions in each such category that have the largest increase, expressed as a percentage change, in tuition and fees over the most recent three academic years for which data are available, using the first academic year of the three-year period as the base year to compute such percentage change. ‘‘( D ) A list of the five percent of institutions in each such category that have the largest increase, expressed as a percentage change, in net price over the most recent three academic years for which data are available, using the first academic year of the three-year period as the base year to compute such percentage change. ‘‘( E ) A list of the ten percent of institutions in each such category that have the lowest tuition and fees for the most recent academic year for which data are available. ‘‘( F ) A list of the ten percent of institutions in each such category that have the lowest net price for the most recent academic year for which data are available. ‘‘(2) ANN U AL UPDATES.—The Secretary shall annually update the lists described in paragraph (1) on the College Navigator website. ‘‘(d) CATEGORIES OF I NSTITUTIONS.—The lists described in sub- section (c)(1) shall be compiled according to the following categories of institutions that participate in programs under title I V
‘‘(1) Four-year public institutions of higher education. ‘‘(2) Four-year private, nonprofit institutions of higher edu- cation. ‘‘(3) Four-year private, for-profit institutions of higher edu- cation. ‘‘( 4 ) Two-year public institutions of higher education. Ef f ectiv e da te .Publ ic i n f orm ation. W eb s ite.
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