90 STAT. 2148
PUBLIC LAW 94-482—OCT. 12, 1976 then for such additional administrative costs as the institution of higher education determines necessary.". (b) Subpart 1 of part F of title IV of the Act is further amended by inserting immediately after section 493 the following new sections: "INSTITUTIONAL AND FINANCIAL ASSISTANCE INFORMATION FOR STUDENTS
20 USC 1088b-l. 20 USC 1070a. Ante, p. 2108. 20 USC 1088b.
"Prospective student."
"SEC. 493A. (a)(1) Effective July 1, 1977, each institution of higher education and each eligible institution which receives payments under sections 411(d), 428(e) or 493 of this title, as the case may be, shall carry out information dissemination activities to prospective students and to enrolled students who request information regarding financial assistance under this title. The information required by this section shall be produced and be made readily available, through appropriate publications and mailings, to all current students and to any prospective student upon request. The information required by this section shall accurately describe— "(A) the student financial assistance programs available to students who enroll at such institution, "(B) the method by which such assistance is distributed among student recipients who enroll at such institution, "(C) any means, including forms, by which application for student financial assistance is made and requirements for accurately preparing such applications and the review standards employed to make awards for student financial assistance, "(D) the rights and responsibilities of students receiving financial assistance under this title, " (E) the cost of attending the institution, including (i) tuition and fees, (ii) books and supplies, (iii) estimates of typical student room and board costs or typical community costs, and (iv) any additional cost of the program in which the student is enrolled or expresses a specific interest, " (F) the refund policy of the institution for the return of unearned tuition and fees or other refundable portion of cost, as described in clause (E) of this subsection, "(G) the academic program of the institution, including (i) the current degree programs and other educational and training programs, (ii) the instructional, laboratory, and other physical plant facilities which relate to the academic program, (iii) the faculty and other instructional personnel, and (iv) data regarding student retention at the institution and, when available, the number and percentage of students completing the programs in which the student is enrolled or expresses interest, and " (H) each person designated under subsection (b) of this section, and the methods by which and locations in which any person so designated may be contacted by students and prospective students who are seeking information required by this subsection. "(2) For purposes of this section, the term 'prospective student' means any individual who has contacted an institution of higher education or an eligible institution requesting information for the purpose of enrolling in that institution. "(b) Effective July 1, 1977, each institution of higher education or eligible institution, as the case may be, which receives payments authorized, under section 411(d), 428(e), or section 493 of this title shall designate an employee or group of employees who shall be available on a full-time basis to assist students or potential students in obtaining information as specified in the preceding subsection. The Commissioner may, by regulation, waive the requirement that an
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