1. Short title This Act may be cited as the Student Loan Advocacy Act . 2. Performance-based organization for delivery of Federal student financial assistance (a) PBO Section 141 of the Higher Education Act of 1965 ( 20 U.S.C. 1018 ) is amended— (1) in subsection (a), by amending paragraph (2) to read as follows: (2) Purposes The purposes of the PBO are as follows: (A) To prioritize students and borrowers in the decisionmaking process of the PBO. (B) To improve service to students and other participants in the Federal student financial assistance programs authorized under title IV. (C) To make such programs more understandable to students and their parents. (D) To increase the efficiency and effectiveness of such programs for students and their parents. (E) To manage the costs of administering such programs. (F) To increase the accountability of the officials responsible for administering the operational aspects of such programs. (G) To increase oversight of institutions, contractors, and third party servicers that participate in the Federal student financial assistance programs authorized under title IV. (H) To provide greater flexibility in the management and administration of such programs. (I) To implement open, common, integrated systems for the delivery of Federal student financial assistance programs authorized under title IV. (J) To develop and maintain a student financial assistance system that contains complete, accurate, and timely data to ensure program integrity. (K) To increase transparency in the operations and outcomes of Federal student financial assistance programs authorized under title IV. ; (2) in subsection (b)— (A) in paragraph (1)— (i) by redesignating subparagraphs (B) and (C) as subparagraphs (C) and (D), respectively