12 2 STA T .3 2 87PUBLIC LA W 11 0– 31 5— AU G .1 4, 2008 (A)submitreco mme nda tions to t h e authori z in g committees (as de f ined in section 103 of the H igher E du - cation Act of 1 965 ( 2 0 U.S . C . 1003)
and ( B )ma k e the recommendations and mode l format w idel y a v ailable. (b) C ONTE NT S . —T he recommendations develo p ed under sub- section (a) for model financial aid offer forms shall include , in a consumer-friendly manner that is simple and understandable, the following
(1) I nformation on the student ’ s cost of attendance, including the following: (A) Tuition and fees. (B) R oom and board costs. (C) Books and supplies. ( D ) Transportation. (2) The amount of financial aid that the student does not have to repay, such as scholarships, grants, and work- study assistance, offered to the student for such year, and the conditions of such financial aid. (3) The types and amounts of loans under part B, D, orEoftitleI V of the Higher Education Act of 1965 (20 U.S.C. 10 7 1etse q ., 10 8 7a et seq., 1087aa et seq.) for which the student is eligible for such year, and the applicable terms and conditions of such loans. ( 4 ) The net amount that the student, or the student’s family on behalf of the student, will have to pay for the student to attend the institution for such year, equal to— (A) the cost of attendance for the student for such year; minus (B) the amount of financial aid described in paragraphs (2) and (3) that is offered in the financial aid offer form. (5) W here a student or the student’s family can seek addi- tional information regarding the financial aid offered. (6) Any other information the Secretary of Education deter- mines necessary so that students and parents can make informed student loan borrowing decisions. SEC.485 .S TUD E N TE LIG I B ILIT Y . (a) A M EN D MENTS.—Section 484 (20 U.S.C. 1091) is amended— (1) in subsection (a)— (A) in paragraph (4)(B), by striking ‘ ‘number,’’ and all that follows through the semicolon and inserting ‘‘number;’’; and (B) in paragraph (5)— (i) by inserting ‘‘or’’ after ‘‘a permanent resident of the United States,’’; and (ii) by striking ‘‘citizen or permanent resident’’ and all that follows through the semicolon and inserting ‘‘citizen or permanent resident;’’; (2) in subsection (b)(1), by inserting ‘‘, or under section 428H pursuant to an e x ercise of discretion under section 479A’’ after ‘‘428C’’; (3) in subsection (d), by adding at the end the following: ‘‘(4) The student shall be determined by the institution of higher education as having the ability to benefit from the education or training offered by the institution of higher edu- cation upon satisfactory completion of six credit hours or the
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