; and (2) institutions of higher education with section 487(a)(28) of the Higher Education Act of 1965 ( 20 U.S.C. 1094(a)(28) ), as amended by section 3. (b) Contents The contents of the report described in subsection (a) shall include information about the degree to which specific institutions utilize certifications in effectively— (1) encouraging the exhaustion of Federal student loan eligibility by borrowers prior to taking on private education loan debt; and (2) lowering private education loan debt by borrowers.