; 20 U.S.C. 1087aa et seq. ) or other education loans offered through Federal programs are included— (A) a disclosure that the interest rates and fees on such loans are set annually and affect total cost over time, and a link to any website that includes current information on interest rates and fees; and (B) if an institution’s recommended Federal student loan aid offered in subsection (b)(4) is less than the Federal maximum available to the student, the institution shall provide additional information on Federal student loans including the types and amounts for which the student is eligible and the process for requesting higher loan amounts if offered loan amounts were included. (4) If the institution opts not to disclose other items described in subsection (b)(1)(A)(ii)(V) as part of the aid offer, a list of such other items and the allowance amount for each such item. (f) Standard information established by secretary (1) Standard terminology Not later than 3 months after the date of enactment of the College Cost Reduction Act, the Secretary of Education, in consultation with the heads of relevant Federal agencies, and the individuals and entities described in subsection (a) shall establish standard terminology and definitions for the terms described in subsection (b). (2) Standard form (A) In general The Secretary of Education shall develop multiple draft financial aid offers for consumer testing, carry out consumer testing for such forms, and establish a finalized standard financial aid offer in accordance with— (i) the process established under subsection (h); and (ii) the requirements of this section. (B) Separate financial aid offers The Secretary shall develop separate financial aid offers for— (i) undergraduate students; and (ii) graduate students. (g) Additional information