Bill > HR6002

This bill, the Understanding the True Cost of College Act of 2021, requires the Department of Education to develop a standard financial aid offer form and terminology to help students and their families better understand the total costs of attending college, including tuition, fees, housing, and other expenses, as well as the grants, scholarships, and loans available to them. The bill mandates that all institutions receiving federal financial aid must use this standardized form and terminology when providing financial aid offers to students. The goal is to increase transparency and help students make more informed decisions about their college costs and financing options.