; and (B) is located in a State that has not maintained expenditures and State financial aid for institutions of higher education in the State, with respect to the fiscal year, at an amount that is equal to or more than the average amount of State expenditures and State financial aid for institutions of higher education in the State for the 5 fiscal years preceding such fiscal year. (3) Waiver The Secretary may waive the requirement of paragraph (1) for a State, for one fiscal year at a time, and the provisions of paragraph (2) shall have no effect for such fiscal year if the Secretary determines that granting a waiver would be equitable due to exceptional or uncontrollable circumstances such as a natural disaster or a precipitous and unforeseen decline in the financial resources of the State. . 5. College and university responsibility (a) Program participation agreements Section 487 of the Higher Education Act of 1965 ( 20 U.S.C. 1094 ) is amended— (1) in subsection (a), by adding at the end the following: (30) The institution will put a prominent link on the homepage of the institution's primary website that goes directly to a report of a standard set of key performance indicators with respect to the institution, as described in subsection (k). ; and (2) by adding at the end the following: (k) Performance indicators (1) In general The key performance indicators under this subsection are the following: (A) (i) Graduation rates— (I) at 100 percent of the normal time for graduation; (II) at 150 percent of the normal time for graduation; (III) at 200 percent of the normal time for graduation