12 2 STA T .3 31 9PUBLIC LA W 11 0– 31 5— AU G .1 4, 200 8(i)by i nsert in g‘ ‘ , in clud ing re q uire m ents rel a ted t o t h ea w ard p rocess and disbursement o f student financial aid (such as inno v ative delivery systems for modular or compressed courses, or other innovative systems), verification of student financial aid applica - tion data, entrance and e x it interviews, or other management procedures or processes as determined in the negotiated rulema k ing process under section 492’ ’ after ‘‘requirements in this title’’
(ii) by inserting ‘‘(other than an award rule related to an experiment in modular or compressed schedules)’’ after ‘‘award rules’’; and (iii) by inserting ‘‘unless the waiver of such provi- sions is authori z ed by another provision under this title’’ before the period at the end .SEC.49 4 A . TR A N S F ER O FA L LOT M ENTS. S ection 4 8 8(2 0U .S. C . 1 09 5 ) is amended in the first sentence — (1) in paragraph (1), by striking ‘‘and’’ after the semicolon; (2) in paragraph (2), by striking ‘‘41 3D .’’ and inserting ‘‘413D or 4 6 2 (or both); and’’; and (3) by adding at the end ‘‘(3) transfer 25 percent of the institution’s allotment under section 413D to the institution’s allotment under section 442.’’. SEC. 494 B . PU RPOSE OF A D M I NISTRATI V EPA Y MENTS. Section 489(b)(1) (20 U.S.C. 1096(b)(1)) is amended by striking ‘‘offsetting the administrative costs of’’ and inserting ‘‘admin- istering’’. SEC. 494C. ADVISORY COMMITTEE ON STUDENT FINANCIAL ASSIST - ANCE. (a) AMEND MEN TS .—Section 491 (20 U.S.C. 1098) is amended— (1) in subsection (a)(2)— (A) in subparagraph ( B ), by striking ‘‘and’’ after the semicolon; (B) in subparagraph (C), by striking the period and inserting a semicolon; and (C) by adding at the end the following
‘‘(D) to provide knowledge and understanding of early intervention programs, and to make recommendations that will result in early awareness by low- and moderate-income students and families— ‘‘(i) of their eligibility for assistance under this title; and ‘‘(ii) to the extent practicable, of their eligibility for other forms of State and institutional need-based student assistance; ‘‘( E ) to make recommendations that will expand and improve partnerships among the F ederal G overnment, States, institutions of higher education, and private entities to increase the awareness and the total amount of need- based student assistance available to low- and moderate- income students; and ‘‘(F) to collect information on Federal regulations, and on the impact of Federal regulations on student financial assistance and on the cost of receiving a postsecondary
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