; and (B) was in use by the Secretary, directly or through a contractor, as of the day before the date of enactment of the College Cost Reduction Act ; or (2) required under section 132. . (b) Program participation agreements (1) In general Paragraph (17) of section 487(a) of the Higher Education Act of 1965 ( 20 U.S.C. 1094(a) ) is amended to read as follows: (17) The institution or the assigned agent of the institution will collect and submit to the Commissioner for Education Statistics data in accordance with section 132(f), the non-student related surveys within the Integrated Postsecondary Education Data System (IPEDS), or any other Federal institution of higher education data collection effort (as designated by the Secretary), in a timely manner and to the satisfaction of the Secretary. . (2) Effective date The amendment made by paragraph (1) shall take effect no later than 3 years after the date of enactment of this Act. (c) Reporting burden The Secretary of Education and the Commissioner for Education Statistics shall take such steps as are necessary to ensure that the development and maintenance of the postsecondary student data system required under section 132(f) of the Higher Education Act of 1965, as added by section 113 of this Act, occurs in a manner that reduces the reporting burden for entities that reported into the Integrated Postsecondary Education Data System (IPEDS). II Access and Affordability A Financial Need 201. Amount of need; cost of attendance; median cost of college (a) Amount of need Section 471 ( 20 U.S.C. 1087kk ), as amended by the FAFSA Simplification Act, is further amended by amending paragraph (1) to read as follows: (1) (A) for award year 2024–2025, the cost of attendance of such student