College Opportunity for All Act - Amends the Higher Education Act of 1965 (HEA) to revise and reauthorize requirements relating to: (1) Pell Grants and other student aid amounts and access to higher education for all students; (2) support and educational opportunities for students at minority-serving institutions, including centers for teacher education; (3) postbaccalaureate opportunities at Hispanic-serving institutions; (4) TRIO and other outreach programs to disadvantaged students pursuing a postsecondary education; (5) support for working students through revision of student aid need analysis; (6) student loan forgiveness for certain public service employment; (7) relief to borrowers through elimination of origination fees and allowance of refinancing of consolidation loans; (8) simplification of the student aid process; (9) voluntary flexible agreements with guaranty agencies; and (10) allowance for State and other taxes.