; and (ii) aligns such goals and objectives with the purposes specified in subsection (a)(2). (B) Consultation In developing the five-year performance plan and any revision to the plan, the Secretary and the Chief Operating Officer shall consult with students, institutions, Congress, contractors, the Borrower Advocate, student aid experts, including consumer advocacy and research groups, the Director of the Bureau of Consumer Financial Protection, State attorneys general, and other relevant parties. (C) Revisions The Secretary and Chief Operating Officer may annually update the plan under paragraph (1) to incorporate the recommendations made pursuant to the consultation required under subparagraph (B) that are accepted by the Secretary and the Chief Operating Officer. (D) Areas The plan developed under subparagraph (A) shall address the responsibilities of the PBO in the following areas: (i) Improving service to students and other participants in the Federal student financial assistance programs authorized under title IV, including making those programs more understandable and accessible to students and their families. (ii) Managing the costs and increasing the efficiency of such programs. (iii) Improving, integrating, and investing in the systems that support such programs. (iv) Developing open, common, and integrated systems for such programs. (v) The collection, publication, and sharing of data on such programs as described in subsection (b)(3). (vi) Improving performance standards and outcomes with respect to institutions, contractors, and third party servicers that act as agents of the Department or as agents of institutions that participate in such programs. (vii) Any other areas identified by the Secretary. (E) Public availability Each plan developed under subparagraph (A) shall be made available on a publicly accessible website of the Department of Education. (2) Annual report (A) Report required Not later than one year after the date of the enactment of the College Affordability Act and annually