College Affordability and Innovation Act of 2015

[AI summary unavailable — showing source text] College Affordability and Innovation Act of 2015 This bill directs the Department of Education (ED) to award 5-year grants to up to 15 institutions of higher education (IHEs) to carry out new or existing high-quality programs designed to graduate students with certificates or degrees at significantly lower student costs and within shorter time periods than traditional programs. Included among the programs are those that: use online instruction; use direct assessments rather than credit hours or clock hours as the measure of student learning; integrate experiential learning and customized curricula to promote completion or alignment with medium- and long-term employment needs; allow students to be dually or concurrently enrolled in the postsecondary program and a secondary school, or a postsecondary program and a graduate program; allow the transfer of credits from secondary to postsecondary to graduate programs to encourage early and on-time completion of a postsecondary degree or certificate; or use any other innovative, evidence-based method of providing students with a cost-effective, high-quality, postsecondary education. ED may waive the application to grantees of specified pr…