; or (ii) set for the academic period indicated in accordance with subparagraph (B). (2) Grants and scholarships The aggregate amount of grants and scholarships, differentiated by source, that the student does not have to repay, such as grant aid offered under title IV of the Higher Education Act of 1965 ( 20 U.S.C. 1070 et seq. ), grant aid offered through other Federal programs, grant aid offered by the institution, grant aid offered by the State, and, if known, grant aid or scholarship from an outside source to the student for such academic period, including a disclosure that the grants and scholarships do not have to be repaid, except that institutions shall be authorized to list individual grants and scholarships by name at the discretion of the institution. (3) Net price (A) In general The net price that the student, is estimated to have to pay for the student to attend the institution for such academic period, including the following: (i) Minimum amount covered by student for enrollment The net price of tuition and fees (and other required expenses), which is equal to— (I) the sum of the costs described in paragraph (1)(A) that are required for students (as determined under paragraph (5)(B)) for the period indicated in paragraph (1)(B); minus (II) the total amount of grant and scholarship aid described in paragraph (2) that is included in the financial aid offer and available to the student for the costs described in subclause (I). (ii) Estimated annual net price of attendance The estimated net price of attendance, which is equal to— (I) the cost of attendance for the student for the period indicated in paragraph (1)(B)