; and (bb) satisfy any applicable educational prerequisites for professional licensure or certification requirements so that the student who completes the program and seeks employment qualifies to take any licensure or certification examination that is needed to practice or find employment in an occupation that the program prepares students to enter. . (c) Interagency data sharing The Secretary of Education shall coordinate and enter into a data sharing agreement with the Secretary of Labor to ensure access to data related to indicators of performance collected under section 116 of the Workforce Innovation and Opportunity Act ( 29 U.S.C. 3141 ). Under such data sharing agreement, the Commissioner of the National Center for Education Statistics shall collect and review the contents of performance reports for eligible providers of training services described in section 116(d)(4) of that Act not less frequently than once each year. (d) Minimum Federal Pell Grant (1) In General Section 401(b)(4) of the Higher Education Act of 1965 ( 20 U.S.C. 1070a(b)(4) ) is amended by striking ten percent and inserting 5 percent . (2) FAFSA simplification (A) In General Section 401(a)(2)(F) of the Higher Education Act of 1965 ( 20 U.S.C. 1070a(a)(2)(F) ), as amended by section 703 of the FAFSA Simplification Act (title VII of division FF of Public Law 116–260 ) and the FAFSA Simplification Act Technical Corrections Act ( Public Law 117–103 ), is further amended by striking ten percent and inserting 5 percent . (B) Effective date The amendment made by this paragraph shall take effect as if included in section 703 of the FAFSA Simplification Act (title VII of division FF of Public Law 116–260 ) and the FAFSA Simplification Act Technical Corrections Act ( Public Law 117–103 ), and subject to the effective date of section 701(b) of such Act. (e) Effective date Unless otherwise specified, this section, and the amendments made by this section, shall take effect on July 1, 2023.