if established under subparagraph (C)(iii)). (8) Development of standard terminology for federal student aid (A) In general Not later than 180 days after the date of enactment of the Student Aid Improvement Act of 2019 , the Secretary, in consultation with other relevant Federal agencies, representatives of institutions of higher education, nonprofit consumer groups, students, and secondary school and postsecondary school guidance counselors, shall develop or identify and release for notice and comment for a period of 60 days— (i) standard terms and definitions for each term listed in subparagraphs (A) through (E) of paragraph (2)