12 2 STA T .3 1 06PUBLIC LA W 110 – 31 5— AU G .1 4, 200 8basedonth eno rm a l d u rat i ono f su c h p ro g ram , using the estimate calculated under subparagraph (B) for each y ear of the program of study
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‘( D ) pro v ide the individual w ith the option to replace the estimated annual percentage change described in subparagraph (B)(ii) with an alternative annual percentage change specified by the individual, and calculate an esti - mate of tuition and fees for each year and an estimate of the total amount of tuition and fees using the alternative percentage change; ‘‘( E ) in the case of an institution that offers a multi- year tuition guarantee program, allow the individual to have the estimates of tuition and fees described in subpara- graphs (B) and ( C ) calculated based on the provisions of such guarantee program for the tuition and fees charged to a student, or cohort of students, enrolled for the duration of the program of study; and ‘‘( F ) include any other features or information deter- mined to be appropriate by the S ecretary . ‘‘( 3 ) AVAIL A B ILI TY A NDCOMP A R I S ON. —T he multi-year tui- tion calculator described in paragraph ( 1 ) shall be available on the College N avigator website and shall allow current and prospective students, families of such students, and consumers to compare information and estimates under this subsection for multiple institutions of higher education. ‘‘( 4 ) DISCLAIM E R.—Each calculation of estimated tuition and fees made using the multi-year tuition calculator described in paragraph (1) shall be accompanied by a clear and con- spicuous notice— ‘‘(A) stating that the calculation— ‘‘(i) is only an estimate and not a guarantee of the actual amount the student may be charged; ‘‘(ii) is not binding on the Secretary, the institution of higher education, or the State; and ‘‘(iii) may change, sub j ect to the availability of financial assistance, State appropriations, and other factors; ‘‘(B) stating that the student must complete the Free Application for Federal Student Aid described in section 4 8 3 in order to be eligible for, and receive, an actual financial aid award that includes Federal grant, loan, or wor k -study assistance under title IV
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‘‘(C) including a link to the website of the Department that allows students to access the Free Application for Federal Student Aid described in section 483. ‘‘(k) ST U DENT AID R ECIPIENT SURVEY.— ‘‘(1) SURVEY RE Q UIRED.—The Secretary, acting through the Commissioner for Education Statistics, shall conduct, on a State-by-State basis, a survey of recipients of Federal student financial aid under title IV— ‘‘(A) to identify the population of students receiving such Federal student financial aid; ‘‘(B) to describe the income distribution and other socio- economic characteristics of recipients of such Federal stu- dent financial aid; Websit e .
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