1. Short title This Act may be cited as the Changing Our Learning, Loans, Endowments, and Graduation Expectations Act or the COLLEGE Act . 2. Cost match requirement Part G of title IV of the Higher Education Act of 1965 ( 20 U.S.C. 1088 et seq. ) is amended by adding at the end the following: 494A. Cost match requirement and cost and endowment report (a) Cost match requirement (1) In General For each award year, each institution of higher education participating in a program under this title that has an endowment fund that is maintained for the purpose of generating income for the support of the institution and is greater than $1,000,000,000 shall pay the covered percentage of the cost of attendance for each full-time student enrolled at the institution of higher education. (2) Covered percentage The covered percentage shall be: (A) In the case of an institution of higher education that has an endowment fund that is greater than $1,000,000,000, but less than $5,000,000,000, 25 percent. (B) In the case of an institution of higher education that has an endowment fund that is $5,000,000,000 or greater, but less than $10,000,000,000, 50 percent. (C) In the case of an institution of higher education that has an endowment fund that is $10,000,000,000 or greater, 75 percent. (b) Cost and endowment report Not later than July 1 of each year, each institution of higher education participating in a program under this title shall submit a report to the Secretary containing the following information: (1) The total cost of attendance for a full-time student for the upcoming award year. (2) If the total cost of attendance for the upcoming award year is greater than the cost of attendance for the prior award year— (A) the amount of the increase in the cost of attendance from the prior award year; and (B) an explanation of the basis for such increase. (3) A statement of whether the institution of higher education has an endowment fund, and if so— (A) the amount of the endowment fund as of the date the report is submitted