; (B) be eligible for postsecondary credit, consistent with the credit allocation guidelines of the institution of higher education; and (C) include, at a minimum, information regarding— (i) the rights of college athletes under this Act; and (ii) time management skills, personal budgeting, debt, credit, and interest rates. (2) Limitation A financial literacy and life skills development program offered under subsection (a) may not include any marketing, advertising, referral, or solicitation by providers of financial products or services. 10. Reporting and accountability (a) Annual reporting by institutions of higher education (1) In general Not later than 60 days after the date on which an academic year ends, each institution of higher education with one or more athletic programs shall submit to the Commission a report that includes, for the academic year, the following: (A) The revenues and expenditures of each athletic program, including booster donations and compensation for athletic program personnel, disclosed under section 5(c)(1). (B) The average number of hours college athletes enrolled at the institution of higher education spent on athletic activities, including mandatory and voluntary team activities, and team travel, disaggregated by athletic program. (C) The academic outcomes for college athletes enrolled at the institution of higher education, disaggregated by athletic program, race and ethnicity, and gender. (2) Penalties for noncompliance An institution of higher education that fails to timely submit a report under paragraph (1), or intentionally submits an inaccurate report, as determined by the Commission, shall be assessed a civil penalty that is the greater of— (A) the amount equal to 15 percent of the total athletic revenue generated by the institution of higher education