College Affordability and Transparency Act of 2007

[AI summary unavailable — showing source text] College Affordability and Transparency Act of 2007 - Amends the Higher Education Act of 1965 to direct the Commissioner of Education Statistics, in redesigning the College Opportunity On-Line (COOL) website, to identify and include the data of greatest importance to prospective and enrolled students, and their families. Requires the Secretary of Education to publish, on such website, additional college affordability information comparing the change in each school's student costs with the change in the consumer price index (CPI) over the most recent three-year period. Requires a school whose prices increase at more than twice the percentage change in the CPI over such time period to: (1) report an explanation to the Secretary; and (2) establish a quality-efficiency task force to review the school's operations, if the school's price increase is in the top 5% of such schools. Places schools on affordability alert status if their prices continue to exceed the CPI by such amount for two additional years. Requires publication of the explanatory reports, task force analyses, and affordability alerts on the COOL website. Changes the student aid recipient survey to require that it be conduc…