1. Short title This Act may be cited as the Accountability in Student Loan Data Act . 2. Progress period status Section 103 of the Higher Education Act of 1965 ( 20 U.S.C. 1003 ) is amended by adding at the end the following: (25) Progress period status The term progress period status means the status of an institution of higher education that is determined by the Secretary to be in danger of failing to meet title IV eligibility criteria relating to student debt because the institution has an adjusted cohort default rate of not less than 10 percent and not more than 15 percent. . 3. Consumer information Section 132 of the Higher Education Act of 1965 ( 20 U.S.C. 1015a ) is amended in subsection (i)(1)(T), by striking rate, and inserting rate and adjusted cohort default rate, . 4. Federal Pell Grants Section 401 of the Higher Education Act of 1965 ( 20 U.S.C. 1070a ) is amended in subsection (j)— (1) in paragraph (1) by inserting before the period the following: , or if such institution of higher education is subject to an ineligibility determination under section 435(a)(9) ; and (2) in paragraph (2) by inserting , final adjusted cohort default rate, or on-time repayment rate before determination . 5. Disbursement of student loans Section 428G of the Higher Education Act of 1965 ( 20 U.S.C. 1078–7(a) ) is amended— (1) in subsection (a), by adding at the end the following: (5) Adjusted cohort default rate Beginning on the date on which the final adjusted cohort default rates are published by the Secretary for not less than 3 fiscal years under section 435(m), an institution whose adjusted cohort default rate (as determined under section 435(m)) for each of the 3 most recent fiscal years for which data are available is less than 5 percent may disburse any loan made, insured, or guaranteed under this part in a single installment for any period of enrollment that is not more than 1 semester, 1 trimester, 1 quarter, or 4 months.