; and (iii) for a graduate student, a disclosure that private education loans may be available to cover unmet financial need, except that the institution must include a disclosure that such loans are subject to an additional application process, have to be repaid by the borrower, and are not eligible for all the benefits available for Federal Direct Loans or Federal PLUS Loans. (B) Disclosures regarding private education loans If the institution includes private education loans in the financial aid offer, as allowed under subparagraph (A), the following information shall be included: (i) A statement that students considering borrowing to cover unmet need should exhaust available Federal financial aid, including Federal student loans, prior to applying for or taking out private education loans, including an explanation that Federal student loans offer generally more favorable terms and beneficial repayment options than private education loans. (ii) The impact of private education loans on the student’s potential eligibility for other financial assistance, including Federal financial assistance under this title. (iii) A statement explaining the student’s ability to select a private educational lender of the student’s choice. (iv) For any dependent student, information about the availability of, and terms and conditions associated with, Federal Direct PLUS Loans under section 455 for the student’s parents regardless of family income. (v) For any dependent student, a notification of the student’s increased eligibility for Federal student loans under this title if the student’s parents apply for a Federal Direct PLUS loan and are denied. (C) Total cost of degree or certificate program information The following information regarding the total cost of a degree or certificate program: (i) Total cost of attendance Information on the student’s estimated total cost of attendance, based on the published program length, including the following: (I) Total estimated direct costs based on the published program length, including