Bill > HR6498

This bill, the Student Financial Clarity Act of 2025, aims to increase transparency in college tuition for consumers by amending the Higher Education Act of 1965. It mandates the Secretary of Education to make comprehensive information publicly available on the College Scorecard website, including details about institutions, programs of study, student enrollment, completion rates, costs of attendance, and financial aid. This information will be disaggregated by various student characteristics such as financial circumstances, sex, race, ethnicity, disability status, enrollment status, year in school, residency status, and type of federal financial assistance received. The bill also requires the establishment of a Universal Net Price Calculator, a tool that will allow individuals to estimate their annual and total net price of attendance for specific institutions and programs based on their personal financial information and aid eligibility. Furthermore, institutions receiving federal funds will be required to have their own net price calculators on their websites, and the bill clarifies definitions for terms like "program of study" and "cost of attendance" to ensure consistency and accuracy in reporting. The effective date for these provisions is July 1, 2027.

Education

https://www.congress.gov/bill/119th-congress/house-bill/6498/all-info