College Affordability and Transparency List Explanation Form 2011-12 (CATEF 2011-12) is a cross-sectional data collection that collects information on the major areas of institutions' budgets with the greatest cost increases, the explanations for these increases, and the steps institutions have been or will be taking towards reducing these costs. The data collection is conducted on the subset of institutions that appear on the tuition and fees and/or net price increase lists for being in the five percent of institutions in their institutional sector that have the highest increases, expressed as a percentage change, over the three-year time period. This data collection is mandatory and expects a 100% response rate. Key statistics produced from CATEF 2011-12 are a description of the major areas in the institution's budget with the greatest cost increases; an explanation of the cost increases; a description of the steps the institution will take toward the goal of reducing costs in the areas described; an explanation of the extent to which the institution participates in determining such cost increase; the identification of the agency or instrumentality of State government responsible for determining such cost increase; and any other information the institution considers relevant to the report.