No Child Left Behind Act could be overhauled by a new president and Congress next year.
Legislation aims to point out colleges where costs are rising most, pushing states to pony up.
Slashed funding and rising costs are forcing school districts to cut back, even close down.
US Education Secretary Margaret Spellings pushes a uniform system to calculate and report rates.
The House has cleared a bill that forces states to stabilize taxpayer funding for public colleges.