tions use the draft forms developed under para-
graph (1), including institutions— 
‘‘(i) that reflect a proportionate rep-
resentation (based on the total number of 
students enrolled in postsecondary edu-
cation) of community colleges, for-profit 
institutions, four-year public institutions, 
and four-year private nonprofit institu-
tions; and 
‘‘(ii) that reflect geographic diversity. 
‘‘(C) LENGTH OF CONSUMER TESTING.— 
The Secretary of Education shall ensure that 
the consumer testing under this paragraph lasts 
no longer than 8 months after the process for 
consumer testing is developed under subpara-
graph (A). 
‘‘(3) FINAL FORM.— 
‘‘(A) IN
GENERAL.—The results of con-
sumer testing under paragraph (2) shall be 
used in the final development of the financial 
aid offer form. 
‘‘(B) 
REPORTING
REQUIREMENT.—Not 
later than 3 months after the date the con-
sumer testing under paragraph (2) concludes, 
the Secretary of Education shall submit to Con-
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gress and publish on its website the final stand-
ard financial aid offer form and a report detail-
ing the results of such testing, including wheth-
er the Secretary of Education added any addi-
tional items to the standard financial aid offer 
form pursuant to subsection (b)(6). 
‘‘(4) AUTHORITY TO MODIFY.—The Secretary 
of Education may modify the definitions, terms, for-
matting, and design of the financial aid offer form 
based on the results of consumer testing required 
under this subsection and before finalizing the form, 
or in subsequent consumer testing. The Secretary 
may also recommend additional changes to Con-
gress.’’. 
SEC. 3. MANDATORY FORM. 
Part B of title I of the Higher Education Act of 1965 
(20 U.S.C. 1011 et seq.) is amended by adding at the end 
the following: 
‘‘SEC. 124. USE OF MANDATORY FINANCIAL AID OFFER 
FORM AND TERMS. 
‘‘(a) IN GENERAL.—Notwithstanding any other pro-
vision of law, each institution of higher education that re-
ceives Federal financial assistance under this Act shall— 
‘‘(1) use the financial aid offer form developed 
under section 484 of the Higher Education Oppor-
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tunity Act (20 U.S.C. 1092 note) in providing 
paper, mobile-optimized offers, or other electronic of-
fers to all students who apply for aid and are accept-
ed at the institution; and 
‘‘(2) use the standard terminology and defini-
tions developed by the Secretary of Education under 
subsection (e)(1) of that Act for all communications 
from the institution related to financial aid offers. 
‘‘(b) EFFECTIVE DATES.—The requirements under 
this section shall take effect at the start of the first award 
year after the Secretary of Education finalizes the stand-
ard terminology and form developed in accordance with 
section 484 of the Higher Education Opportunity Act (20 
U.S.C. 1092 note). 
‘‘(c) ADMINISTRATIVE PROCEDURES.—Section 492 
of the Higher Education Act (20 U.S.C. 1098a) shall not 
apply with respect to regulations promulgated in accord-
ance with this section.’’. 
Æ 
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