Bill would require one standard financial aid offer form for colleges
In committeeH.R. 3153Latest action
Sponsor: Young Kim · Representative · CA
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Official title: Understanding the True Cost of College Act of 2025
119th Congress
Topics: Education
Introduced:
Read the official bill on Congress.govIn plain words
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This bill would create one standardized financial aid offer form all federally funded colleges must use.
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What does this do?
The bill directs the Department of Education to design a single standardized "Financial Aid Offer" form for colleges to use when presenting financial aid to students. The form must clearly separate total costs, grants and scholarships, net price, and loans, and disclose work-study, private versus federal loans, veteran benefits, and aid acceptance deadlines. It would be tested with a small group of colleges before being finalized and required nationwide.
Who does it affect?
Prospective and current college students and their families, and financial aid offices at colleges and universities receiving federal funding.
Why does it matter?
Colleges currently use inconsistent formats and terminology, making it difficult for students to compare aid offers or understand actual costs across schools. Standardizing the form would change how all federally funded institutions must communicate aid information.
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Where does it stand?
- IntroducedMay 1, 2025
- House committeeYou are here · May 1, 2025
- House vote
- Senate
- The president's desk
Right now: a House committee is reviewing it. If the Senate changes it, it goes back to the House before reaching the president.
Latest action: — Referred to the House Committee on Education and Workforce.