of the award year and rounding the result to the nearest $10. . 3. Report to Congress (a) In general Not later than July 1, 2026, and on an annual basis thereafter, the Secretary of Education shall prepare and submit to Congress a report on the impacts of the amendments made by this Act, which shall include the following information with respect to the most recent award year for which information is available: (1) The number and percentage of dependent students whose student aid index computations under subsection (a) of section 475 of the Higher Education Act of 1965 ( 20 U.S.C. 1087oo ) include the subtraction under subsection (c) of such section 475 of a student loan allowance determined under paragraph (5) of such subsection (c), as added by section 2, from the parents’ total income, disaggregated— (A) by students who are eligible for a Federal Pell Grant under section 401 of the Higher Education Act of 1965 ( 20 U.S.C. 1070a ) for such award year