‘‘(B) Technical assistance on how to com-
ply with the requirements of this subsection. 
‘‘(C) Preliminary approvals in a timely 
manner of estimate formats proposed for use by 
an institution, at the request of the institution. 
‘‘(D) The formula (which shall take into 
consideration a student’s past borrowing rates 
and other criteria the Secretary may determine) 
to be used in making the projections under 
clauses (iii) and (iv) of paragraph (2)(A) with 
respect 
to 
loans 
described 
in 
paragraph 
(6)(A)(i). 
‘‘(E) Encryption technology software to en-
able institutions to provide the estimate under 
paragraph (2) to students in a secure format 
for institutions that choose to provide the esti-
mate to students in an electronic format. 
‘‘(6) DEFINITIONS.—In this subsection: 
‘‘(A) EDUCATION LOAN.—The term ‘edu-
cation loan’ means— 
‘‘(i) a loan made under part D (other 
than a Federal Direct Consolidation Loan 
or a Federal Direct PLUS loan made on 
behalf of a student); 
VerDate Sep 11 2014 
02:41 Jul 21, 2016
Jkt 059200
PO 00000
Frm 00005
Fmt 6652
Sfmt 6201
E:\BILLS\H5755.IH
H5755
rfrederick on DSK6VPTVN1PROD with BILLS
‘‘(ii) a loan made under a State-spon-
sored loan program for the purpose of pay-
ing a student’s cost of attendance at an in-
stitution of higher education; and 
‘‘(iii) a private education loan with re-
spect to which the institution should rea-
sonably be aware. 
‘‘(B) PRIVATE
EDUCATION
LOAN.—The 
term ‘private education loan’ has the meaning 
given the term in section 140 of the Truth in 
Lending Act. 
‘‘(C) STUDENT.—The term ‘student’, when 
used with respect to an eligible institution, does 
not include any student who has transferred to 
the institution more than 60 days before the 
first day of the academic year involved.’’. 
SEC. 3. ANNUAL PROVISION OF INFORMATION BY THE SEC-
RETARY OF EDUCATION. 
Not later than April 1, 2018, and annually thereafter, 
the Secretary of Education shall provide to institutions of 
higher education (as defined in section 102 of the Higher 
Education Act of 1965 (20 U.S.C. 1002)) the following 
information: 
(1) The amount of any loans made under part 
D of title IV of the Higher Education Act of 1965 
VerDate Sep 11 2014 
02:41 Jul 21, 2016
Jkt 059200
PO 00000
Frm 00006
Fmt 6652
Sfmt 6201
E:\BILLS\H5755.IH
H5755
rfrederick on DSK6VPTVN1PROD with BILLS
(20 U.S.C. 1087a et seq.) (other than a Federal Di-
rect Consolidation Loan or a Federal Direct PLUS 
loan made on behalf of a student) expected to be 
disbursed to any borrower for the next academic 
year. 
(2) The projected cumulative balance of such 
loans, as determined in accordance with section 
485(n)(5)(D) 
of 
such 
Act 
(20 
U.S.C. 
1092(n)(5)(D)), as added by this Act, that will be 
owed by any borrower after the completion of the 
borrower’s course of study at an institution of higher 
education. 
(3) The projected monthly payment amounts of 
such loans, as determined in accordance with section 
485(n)(5) of the Higher Education Act of 1965 (20 
U.S.C. 1092(n)(5)), assuming a standard repayment 
schedule (as described in section 455(d)(1)(A) of 
such Act (20 U.S.C. 1087e(d)(1)(A))). 
Æ 
VerDate Sep 11 2014 
21:46 Jul 21, 2016
Jkt 059200
PO 00000
Frm 00007
Fmt 6652
Sfmt 6301
E:\BILLS\H5755.IH
H5755
rfrederick on DSK6VPTVN1PROD with BILLS