1. (a) As used in this section, "FAFSA" refers to the Free Application for Federal Student Aid.

2. (b) The commission shall prepare a model notice for schools that includes the following information for parents and students:

   1. (1) A statement regarding the existence, availability of, and state deadline to complete the FAFSA.
   2. (2) A description that provides parents and students with an understanding of the process for and benefits of completing a FAFSA.

   3. (3) A statement regarding the most recent labor market trends, including the number and percentage of state minimum wage jobs that:

      1. (A) do not require education beyond high school; and
      2. (B) require additional education or training after obtaining a high school diploma.
   4. (4) A statement that Indiana offers guaranteed financial aid options for all high school graduates, regardless of family income, including information on Indiana's high value workforce ready credit-bearing grants described under IC 21-12-8 .
   5. (5) A statement that eligibility for many merit based and need based scholarships, grants, and other financial aid opportunities require the FAFSA to be completed by a certain date.
   6. (6) A web site link to the online FAFSA affirmation form described in IC 21-12-6-6.7 .
3. (c) The commission shall annually update the model notice to amend any of the information in the model notice, as determined necessary by the commission.
4. (d) The commission shall post the model notice prepared under subsection (b) on the commission's Internet web site.

As added by P.L.287-2019, SEC.16. Amended by P.L.51-2022, SEC.3.