Bill Detail
S. 1558
Congress: 119
Title
Understanding the True Cost of College Act of 2025
Summary
Understanding the True Cost of College Act of 2025 This bill requires standardized financial aid terminology and offer forms. Specifically, the Department of Education (ED) must develop standard terminology and a format for financial aid offer forms based on recommendations from representatives of certain groups, including students, veterans, and institutions of higher education (IHEs). The consumer-friendly form must include specified details and disclosures, including the estimated cost of attendance, the net price that a student or family is estimated to pay, and the terms and conditions of financial aid. In addition, ED must (1) test the form with representatives of students, students' families, IHEs, secondary school and postsecondary counselors, and nonprofit consumer groups; and (2) use the results to develop the final form. Each IHE that participates in federal student aid programs must (1) use the standard form when offering financial aid to students, and (2) use the standard terminology and definitions developed by ED for all communications related to financial aid offers.
Sponsor
Sen. Chuck Grassley [R-IA]
Status
Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
Status as of Aug 4, 3:51 AM · synced 10d ago
Introduced
2025-05-01
Data source mode: congress-gov
Bill Engagement
Understanding the True Cost of College Act of 2025 This bill requires standardized financial aid terminology and offer forms.
Lobbyists on the case
- American Federation of Teachers1 filing · 5 lobs
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