Page:United States Statutes at Large Volume 112 Part 2.djvu/720

 112 STAT. 1604 PUBLIC LAW 105-244—OCT. 7, 1998 Deadline. Reports. Deadline. such discounts, the extent to which financial aid is provided to students with Hmited need in order to attract a student to a particular institution, and the extent to which Federal financial aid, including loan aid, has been used to offset the costs of such practices. "(3) FINAL REPORT.— The Commissioner of Education Statistics shall submit a report regarding the findings of the study required by paragraph (1) to the appropriate committees of Congress not later than September 30, 2002. "(4) HIGHER EDUCATION MARKET BASKET.— The Bureau of Labor Statistics, in consultation with the Commissioner of Education Statistics, shall develop a higher education market basket that identifies the items that comprise the costs of higher education. The Bureau of Labor Statistics shall provide a report on the market basket to the Committee on Labor and Human Resources of the Senate and the Committee on Education and the Workforce of the House of Representatives not later than September 30, 2002. "(5) FINES. —In addition to actions authorized in section 487(c), the Secretary may impose a fine in an amount not to exceed $25,000 on an institution of higher education for failing to provide the information described in paragraph (1) in a timely and accurate manner, or for failing to otherwise cooperate with the National Center for Education Statistics regarding efforts to obtain data on the cost of higher education under this section and pursuant to the program participation agreement entered into under section 487. "(d) STUDENT AID RECIPIENT SURVEY.— (1) The Secretary shall survey student aid recipients on a regular cycle, but not less than once every 3 years— "(A) to identify the population of students receiving Federal student aid; "(B) to determine the income distribution and other socioeconomic characteristics of federally aided students; "(C) to describe the combinations of aid from State, Federal, and private sources received by students from all income groups; "(D) to describe the debt burden of loan recipients and their capacity to repay their education debts; and "(E) to disseminate such information in both published and machine readable form. "(2) The survey shall be representative of full-time and parttime, undergraduate, graduate, and professional and current and former students in all t5T>es of institutions, and should be designed and administered in consultation with the Congress and the postsecondary education community. "PART D—ADMINISTRATIVE PROVISIONS FOR DELIVERY OF STUDENT FINANCIAL ASSIST- ANCE 20 USC 1018. ••SEC. 141. PERFORMANCE-BASED ORGANIZATION FOR THE DELIVERY OF FEDERAL STUDENT FINANCIAL ASSISTANCE. "(a) ESTABLISHMENT AND PURPOSE.— " (1) ESTABLISHMENT. —There is established in the Department a Performance-Based Organization (hereafter referred to

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