; and (ii) if institutional aid is included— (I) the conditions under which the student can expect to receive similar amounts of such financial aid for each academic period the student is enrolled at the institution; and (II) whether the institutional aid offer may change if grants or scholarships from outside sources are applied after the student receives the offer, and, if applicable, how that aid will change. (C) Annual net price (i) The net price that the student, or the student’s family on behalf of the student, is estimated to have to pay for the student to attend the institution for such academic period, equal to— (I) the cost of attendance as described in subparagraph (A)(i) for the student for the period indicated in subparagraph (A)(ii); and (II) minus the amount of grant aid described in subparagraph (B) that is included in the financial aid offer. (ii) A disclosure that the net price is an estimate of the total expenses for the year and not the amount that the student will owe directly to the institution. (D) Work-study Information on work-study employment opportunities, offered in accordance with part C. (i) This information shall include— (I) the amount of work-study offered; (II) a disclosure that the work-study aid offered is subject to the availability of qualified employment opportunities; (III) a statement that work-study aid does not need to be repaid and can offset the need to borrow; and (IV) a disclosure that work-study is disbursed over time as earned by the student. (ii) Work-study employment opportunities (or a student’s potential income based on those opportunities) shall not be included in the category of financial aid described under subparagraph (B). (E) Loans (i) Information on the amount of loans under part D (except a Federal Direct PLUS Loan under part D) that the institution recommends for the student for the academic period covered by the offer, which shall be made— (I) with clear use of the word loan to describe the recommended loan amounts