Sharing dependent care allowance information for Federal student aid

Section 132(h)(4) of the Higher Education Act of 1965 (20 U.S.C. 1015a(h)(4)) is amended— (1) in the paragraph heading, by inserting and information after Disclaimer; (2) in subparagraph (B), by striking and after the semicolon; (3) in subparagraph (C), by striking the period and inserting; and; and (4) by adding at the end the following: (D) explaining— (i) that a student with a dependent may be eligible to include a dependent care allowance described in section 471(a)(8) in the student's cost of attendance; (ii) the effect that a dependent care allowance may have on the amount of financial aid available to the student from the institution; and (iii) how to apply for the dependent care allowance..