; (2) by inserting after paragraph (14) the following: (16) Revenue sharing arrangements The term revenue sharing arrangement means an arrangement between an institution of higher education and a third party contractor under which— (A) the third party contractor provides, exclusively or nonexclusively, educational products or services to prospective students or students attending the institution of higher education; and (B) the third party contractor or institution of higher education pays a fee or provides other material benefits, including revenue- or profit-sharing, to the institution of higher education or third party contractor in connection with the educational products or services provided to prospective students or students attending the institution of higher education. ; and (3) by inserting after paragraph (24), as redesignated by paragraph (1), the following: (25) Third party contractor The term third party contractor means any State, person, or entity that enters into a contract or agreement, including a revenue sharing arrangement, with an eligible institution of higher education to act on the institution’s behalf, including any entity that— (A) sells the names of prospective students (also known as a lead generator ); or (B) offers services including recruiting, financial aid packaging, curriculum development, facilities management, hiring and oversight of faculty, and the provision of student services representatives, job placement counselors, or other employees (also known as an online program manager ). . (b) Renaming proprietary institutions for-Profit institutions (1) In general Section 102 (20 U.S.C. 1002) is amended— (A) in subsection (a)(1)(A), by striking proprietary institution and inserting for-profit institution ; and (B) in subsection (b)— (i) in the subsection heading, by striking Proprietary and inserting For-profit ; (ii) in the matter preceding subparagraph (A) of paragraph (1), by striking proprietary and inserting for-profit