of receiving institution. (iii) Value The Commission shall make recommendations on measures of higher education value, including the appropriateness of the following: (I) Student progress toward completion of a postsecondary degree or certificate. (II) Student completion of a postsecondary degree or certificate, including for transfer and part-time students, or where applicable, transfer rates to 4-year degree programs. (III) Student retention rates. (IV) Full-time employment and graduate degree enrollment rates after graduation. (4) Considerations The Commission shall take into account the differences in missions of institutions of higher education and ensure that institutions are held to standards that are appropriate for their mission. (5) Hearings and report (A) Hearings Not later than 6 months after the date of the appointment of the final member of the Commission, the Commission shall hold public field hearings in all regions of the United States. The Commission shall hold not fewer than 8 hearings. (B) Report Not later than 1 year after the date of the appointment of the final member of the Commission, the Commission shall prepare a report on the recommendations under paragraph (3) and submit the report to the Secretary and the authorizing committees. The report shall include the following: (i) Recommendations for minimum accountability standards and the measures for assessing compliance with those standards for every institution of higher education that receives funds or whose students receive funds pursuant to title IV of the Higher Education Act of 1965 ( 20 U.S.C. 1070 et seq.) programs. The standards shall focus on affordability, access for low- and middle-income students, and value. The Commission shall recommend standards that are in accordance with the types of information that institutions of higher education are authorized to collect and report under the Higher Education Act of 1965 ( 20 U.S.C. 1001 et seq.). (ii) Recommendations for applying the standards to institutions of higher education