"As Congress returns from its holiday recess, the reauthorization of the Higher Education Act (HEA) is once again on the agenda," ACE reports. "Of particular concern to the higher education community is the large number of new reporting requirements in both bills. In the House measure, a minimum of 189 new requirements address such topics as college cost, student loans, file sharing, and textbook pricing. In response to the recent scrutiny regarding student loans, the bill includes several new requirements for institutional disclosure regarding financial aid. Colleges and universities must compile an annual report for each lender with which they have education loan arrangements and include details of the lender disclosure form provided to students and an explanation of why the terms and conditions of each type of loan under the agreement are beneficial to student and parents. Institutions with preferred lender agreements must provide a list of such agreements and relevant details, including why the lender was selected. "