Amendment makes technical changes to the bill, as well as changes to the provisions on college costs to a more consumer friendly approach, while keeping the focus on accountability; revises the definition of the state funds that count toward meeting the State Maintenance of Effort requirement; revises a technical amendment to Pell grant funding; modifies the Cohort Default Rate provisions to provide for a transition period before the new sanctions are imposed and provides for targeted technical assistance to schools in danger of losing their federal student aid as a result of high Cohort Default Rates; provides assurances that students will be aware of lower-cost federal student aid options before turning to more expensive private loans and a means to help students avoid potentially compromising their federal aid eligibility by inadvertently relying on private student loans or borrowing excess amounts of private student loans; and includes studies.