; and (II) with clear labeling of subsidized and unsubsidized loans. (ii) A disclosure that such loans have to be repaid and a disclosure that the student can borrow a lesser or, if applicable, greater amount than the recommended loan amount. (iii) If an institution’s recommended Federal student loan amount is less than the Federal maximum available to the student, the institution shall clearly state the applicable loan limit for Federal student loans for which the student is eligible and a prominent recommendation that students should exhaust any Federal student loan eligibility before taking out private education loans. (iv) A disclosure that the interest rates and fees on such loans are set annually and affect total cost over time, and a link to electronic information by the Department of Education that includes current information on interest rates and fees. (v) A link to the Department of Education’s electronic repayment calculator for students with instruction that this calculator contains customizable estimates of expected repayment costs under different loan repayment plans. (vi) If the institution does not participate in the loan program under part D, an explanation of why the institution does not participate, and a disclosure that students may have the option to borrower Federal student loans at another institution. (F) Process for accepting or declining aid and next steps (i) The deadlines and a summary of the process (including the next steps) for— (I) accepting the financial aid offered in the financial aid offer; (II) requesting different loan amounts than the recommended loan amounts