; to (2) the number of students who, during the most recent year for which data are available, obtained an associate’s degree or other postsecondary degree from each participating institution and, prior to obtaining such degree, received a Federal Pell Grant for attendance at any institution of higher education. (f) Definitions In this section: (1) Annual loan authority The term annual loan authority means the total original principal amount of loans that may be allocated and made available for an award year to make Federal Direct Perkins Loans under section 455A. (2) Average cost of attendance (A) In general The term average cost of attendance means the average of the attendance costs for undergraduate students and for graduate and professional students, respectively, for the second preceding award year which shall include— (i) tuition and required fees determined in accordance with subparagraph (B); (ii) standard living expenses determined in accordance with subparagraph (C); and (iii) books and supplies determined in accordance with subparagraph (D). (B) Tuition and required fees The average undergraduate and graduate and professional tuition and required fees described in subparagraph (A)(i) shall be computed on the basis of information reported by the institution to the Secretary, which shall include— (i) total revenue received by the institution from undergraduate and graduate and professional students, respectively, for tuition and required fees for the second preceding award year