The following words and phrases when used in this Article shall have the meanings given to them in this section unless the context clearly indicates otherwise:
"College Navigator website." The College Navigator website or its successor website operated by the United States Department of Education and required pursuant to 20 U.S.C. § 1015A (relating to transparency in college tuition for consumers).
"Department." The Department of Education of the Commonwealth.
"Graduation rates." The percentages of full-time undergraduate students enrolled for credit toward a degree, diploma, certificate or other formal credential who are awarded a degree, diploma or certificate within each of the following:
"Institution of higher education." The term includes any of the following:
"Net tuition and fees." The average total cost of attendance minus the average amount of grant or scholarship aid awarded to a first-time, full-time undergraduate student enrolled for credit toward a degree, diploma, certificate or other formal credential from the federal government, the Commonwealth or the institution of higher education.
"PHEAA." The Pennsylvania Higher education Assistance Agency.
"Retention rate." The percentage of first-year, full-time undergraduate students enrolled for credit toward a degree, diploma, certificate or other formal credential who continue to be enrolled at an institution of higher education in the following school year.
"School entity." A school district, intermediate unit, area career and technical school, charter school, cyber charter school, or regional charter school.
"Total debt." The average per-student cumulative principal borrowed from a loan program, including federal and state loan programs, institutional loans and private alternate loans made by a bank or lender.
24 P.S. § 20-2001-H