; minus (II) the total amount of grant and scholarship aid described in paragraph (2). (B) Disclosure A disclosure that the net price is based on an estimate of the total cost of attendance for the year and not necessarily equivalent to the amount the student will owe directly to the institution. (4) Loans (A) Information on any education loan offered through any Federal or State program (including any loan under part D or part E of title IV of the Higher Education Act of 1965 ( 20 U.S.C. 1087a et seq. ; 20 U.S.C. 1087aa et seq. )) that the institution offers for the student for the academic period covered by the offer, which shall be made— (i) with clear use of the word loan to describe the recommended loan amounts; and (ii) with clear labeling of subsidized and unsubsidized loans. (B) If applicable, a disclosure that such loans have to be repaid with interest. (C) Information on any other loan that the student or parent has applied for and been approved for, regardless of the source. (5) Student employment Information on work-study employment opportunities (including work-study programs under part C of title IV of the Higher Education Act of 1965 ( 20 U.S.C. 1087–51 et seq. ), institutional work-study programs, or State work-study programs), including— (A) the maximum annual amount the student may earn through the program; and (B) a disclosure that any amounts received pursuant to such a program may be— (i) subject to the availability of qualified employment opportunities upon students enrollment; and (ii) disbursed over time as earned by the student. (6) Process for accepting, adjusting, or declining aid and next steps (A) The deadlines and a summary of the process (including the next steps) for— (i) accepting the financial aid offered; (ii) adjusting the amount of aid offered