Bill > HR6502

This bill, titled the "College Financial Aid Clarity Act of 2025," aims to improve the transparency of financial aid offers provided by colleges and universities to students. It mandates that by July 1, 2029, institutions receiving federal financial aid must present their financial aid offers in a standardized, easy-to-understand format, including specific information such as the award year, estimated costs of attendance, grants, scholarships, and loan details, along with clear explanations of how these amounts might change. The bill also requires institutions to provide supplemental information about aid renewability, the impact of outside aid, loan repayment, and links to relevant Department of Education resources like the College Financing Plan and College Scorecard. The Secretary of Education is tasked with developing these formatting and content requirements through a consumer testing process involving students, families, and educational professionals, and will publish these requirements by July 1, 2028. Furthermore, the bill clarifies definitions related to costs and aid, and ensures that institutions comply with these new requirements as part of their program participation agreements.

Education

https://www.congress.gov/bill/119th-congress/house-bill/6502/all-info