H.R. 6502Heading to a voteEducation
Bill would standardize college financial aid letters by 2029
Data as of July 11, 2026
Colleges receiving federal aid would have to use a standardized, easy-to-compare financial aid letter format starting July 1, 2029.45-second read · 4 questions answered below
Decoded
What does this do?
This bill requires the Department of Education to create a standard format for college financial aid offer letters, testing it with students, families, and counselors before rollout. Starting July 1, 2029, colleges receiving federal financial aid funding must use this format, clearly separating grants and scholarships from loans, labeling loans explicitly, and including details like total cost of attendance, net price, work-study options, and deadlines.
Who does it affect?
This affects colleges and universities that participate in federal student aid programs, which must redesign their award letters. It also affects prospective and current college students and their families who receive these letters.
Why does it matter?
Currently, schools use inconsistent formats and terminology, making it difficult for students and families to compare financial aid offers across colleges. Standardizing the format changes how this information is presented and requires schools to update their processes by 2029.
Where does it stand?
- Introduced
- House committee
- House vote — You are here
- Senate
- President's desk
Right now: it's headed for a House floor vote. If the Senate changes it, it goes back to the House before reaching the President.
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Official title
College Financial Aid Clarity Act of 2025
- Introduced:
- December 9, 2025
- Latest action:
- January 21, 2026
Placed on the Union Calendar, Calendar No. 394.
Read the official bill on Congress.govMake the call
Three steps: where you stand, your script, the call.