GAO study

Not later than 1 year after the date on which the financial aid offer form templates of institutions of higher education are submitted to the Secretary of Education in accordance with section 125 of the Higher Education Act of 1965, as added by section 3 of this Act, the Comptroller General of the United States shall prepare and submit to Congress, and make publicly available, an initial study of such financial aid offer form templates, and 3 years after the initial study is submitted to Congress, the Comptroller General shall submit a final study examining such templates. Both studies shall include recommendations about how to improve such templates, as appropriate. Additional studies of such financial aid offer form templates may be conducted, as determined necessary by the Comptroller General or the Chair or Ranking Member of the Committee on Health, Education, Labor, and Pensions of the Senate or the Committee on Education and Workforce of the House of Representatives.