Differentiated accreditation status

Section 496 of the Higher Education Act of 1965 (20 U.S.C. 1099b), as amended by sections 5, 6, and 7, is further amended by adding at the end the following: (u) Differentiated accreditation status (1) In general Solely for purposes of consumer information, an accrediting agency or association may designate an institution of higher education or program that the agency or association accredits as accredited with distinction or accredited with risk according to definitions developed by the Secretary under paragraph (2). (2) Designation definitions The Secretary, through regulation, shall develop definitions of accredited with distinction and accredited with risk that an accrediting agency or association shall use in making designations under paragraph (1) based on student achievement standards developed in accordance with subsection (a)(5)(A) in relation to the institution of higher education’s mission..