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) elimination of borrower origination fees; (3) allowance of refinancing of consolidation loans; (4) student loan forgiveness for certain public service employment; (5) termination of government payment of special allowances at excessive interest rates to lenders and holders of student loans; (6) simplification of the student aid process; (7) an initiative to enhance college graduation rates and accelerate time to degree; (8) reduction of guaranty agency payments; (9) teacher preparation and recruiting programs of TEACH grants and for teachers of mathematics, science, and languages; (10) TRIO, GEAR UP, LEAP outreach programs to disadvantaged students pursuing a postsecondary education; (11) postbaccalaureate opportunities at Hispanic-serving institutions; and (12) support and educational opportunities for students at historically Black colleges and universities and at other minority-serving institutions, including centers of excellence for teacher education.