International and Foreign Language Studies Act of 2005

International and Foreign Language Studies Act of 2005 - Amends the Higher Education Act of 1965 (HEA) to extend the authorization of appropriations for international education programs under title VI: (1) part A, international and foreign language studies; (2) part B, business and international education; and (3) part C, Institute for International Public Policy (IIPP). Authorizes the Secretary of Education to use up to 1% of title VI funds for program evaluation, outreach, and information dissemination.

Revises VI-A to: (1) include support for instructors of less commonly taught languages among activities of national language and area centers and programs; (2) make undergraduate students eligible for fellowships for foreign language and area or international studies (in addition to graduate students under current law); (3) allow a portion of funds for undergraduate international studies and foreign language programs to be used for subgrants to undergraduate students for educational programs abroad that promote foreign language literacy and cultural knowledge, and are closely linked to grant program goals; (4) authorize the Secretary of Education to support data collection, analysis, and dissemination that helps achieve VI-A purposes; and (5) add to authorized uses of funds for technological innovation and cooperation for foreign information access.

Revises VI-C to authorize the IIPP to provide summer stipends and Ralph Bunche scholarships for needy students to participate in IIPP programs. Authorizes: (1) waiver of an eligible recipient's match requirement for a professional development program; (2) broader institutional development; (3) advanced degrees in international relations; and (4) biennial reports.