; (iv) State-based financial aid; (v) Federal financial aid available to students, including eligibility criteria for the Federal financial aid and an explanation of the Federal financial aid programs; and (vi) financial aid that may be available from nongovernmental sources. (3) Annual information The information described in paragraph (2)(C) shall be provided to eligible students annually for the duration of the students’ participation in the Program. (4) Reservation Each State receiving a grant under this section shall reserve $200,000 of the grant funds received each fiscal year to carry out the targeted information campaign described in this subsection. (5) Information campaign in non-participating States In the case of a State does not apply for a grant under this section, or applies but does not satisfy the requirements of the grant, the Secretary shall carry out an information campaign and administer the Program for the State, in order to ensure that eligible students in the State are assisted under the Program. (e) Evaluation (1) In general From amounts appropriated under subsection (f) for a fiscal year, the Secretary shall reserve not more than $1,000,000 to award a grant or contract to an organization outside the Department for an independent evaluation of the impact of the Program. (2) Competitive basis The grant or contract shall be awarded on a competitive basis. (3) Matters evaluated The evaluation described in this subsection shall consider metrics established by the Secretary that emphasize college access and success, encouraging low-income students to pursue higher education, and the cost effectiveness of the program. (4) Dissemination The findings of the evaluation shall be widely disseminated to the public by the organization conducting the evaluation as well as by the Secretary. (f) Authorization of appropriations There are authorized to be appropriated to carry out this section such sums as may be necessary. .