; (II) the share of such students who transfer to another institution of higher education; (III) the share of such students who complete a subsequent certificate or degree program; (IV) the share of such students who secure employment 6 months and 1 year, respectively— (aa) after completion of such program; or (bb) in the case of a program that prepares students for a professional license or certification exam, after acquiring such license or certification; and (V) in the case of a program that prepares students for a professional license or certification exam, the share of such students who pass such exam. ; and (3) in paragraph (4), by inserting or in addition to after in lieu of . (b) Report Not later than 3 years after the date of enactment of this Act, the Secretary of Education shall— (1) submit to the Committee on Education and Labor of the House of Representatives and the Committee on Health, Education, Labor, and Pensions of the Senate a report on the impact of eligible programs described in section 481(b)(2) of the Higher Education Act of 1965 ( 20 U.S.C. 1088(b)(2) ), as amended by this Act, based on the most recent data collected under subparagraph (F) of such section; and (2) make the report described in paragraph (1) publicly available on the website of the Department of Education. 4602. Definition of third party servicer Section 481(c) of the Higher Education Act of 1965 ( 20 U.S.C. 1088(c) ) is amended— (1) in paragraph (1), by striking or at the end; (2) by redesignating paragraph (2) as paragraph (3); and (3) by inserting after paragraph (1) the following: (2) any eligible institution of higher education to recruit students; or . 4603. FAFSA simplification Section 483 of the Higher Education Act of 1965 ( 20 U.S.C. 1090 ) is amended— (1) in subsection (a)— (A) in paragraph (2)— (i) in subparagraph (A), by striking process and all that follows through the end of clause (ii) and inserting process a paper version of the forms described in this subsection, in accordance with subparagraph (B).