Establishes a program of grants for cooperative education for IHEs that restrain tuition increases.
Authorizes grants and contracts for cooperative education demonstration and innovation projects, training and resource centers, and research.
Directs the Secretary to commission the National Research Council to study the viability of developing and implementing standards in environmental, health, and safety areas to provide for differential regulation of: (1) industrial laboratories and facilities; and (2) research and teaching laboratories.
Authorizes the Secretary to select IHEs, IHE systems, or IHE consortia for voluntary participation in an articulation agreement demonstration program to specify the acceptability of courses in transfer toward meeting specific degree requirements, as a means to lower tuition prices for students.
Directs the Advisory Committee on Student Financial Assistance to convene a task force of experts, representative of key constituents in higher education, to: (1) determine the best methods to finance higher education in the long-term; (2) help public institutions utilize long-term budgeting to plan for the future; (3) review the trends of financing of higher education; and (4) define the role played by the States, the Federal Government, families, and outside entities in financing higher education, and determine the best methods to strengthen this partnership.