; simplifying loan disclosures (a) Student loan contract Section 455 ( 20 U.S.C. 1087e ), as amended by section 202, is further amended by inserting after subsection (b) the following: (c) Student loan contract; simplifying loan disclosures (1) Student loan contract (A) In general Any master promissory note form described in section 432(m)(1)(D) that is developed or used for covered loans shall be referred to as a student loan contract . (B) Clarification on use Notwithstanding section 432(m)(1)(D)(i), each student loan contract for a covered loan shall— (i) not be entered into by a student unless the student has completed all required counseling related to such loan, including counseling required under section 485(l); (ii) be signed by the student entering such student loan contract after completion of such counseling; (iii) be used only for the award year for which the initial loans are made under the contract and shall be valid for additional loans for the same period of enrollment within an award year; and (iv) include options for the student to enter both the student's current contact information and permanent contact information that is likely to remain valid upon the student's exit from the institution. (C) Covered loans In this subsection, the term covered loan means a loan made under this part on or after the date of enactment of the Affordable Loans for Any Student Act . (2) Loan disclosures For loans made under this part for periods of enrollment beginning on or after the date of enactment of the Affordable Loans for Any Student Act , the Secretary shall take such steps as are necessary to streamline the student loan disclosure requirements under this Act. The Secretary shall ensure that information required to be disclosed to a student who is applying for, receiving, or preparing to repay a loan under this part shall be consumer-tested and delivered in a manner that— (A) reduces and simplifies the paperwork students are required to complete