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S. 4435119th CongressIn committeeLatest action Apr 29, 2026Decoded by AI · checked against the record
Official title: A bill to establish requirements for financial aid offers made by institutions of higher education, and for other purposes.
Introduced:
Read the official bill on Congress.govThe plain-language version leads. The official text is always the reference.
Colleges that get federal money would have to show financial aid offers in a standard format that separates free money from loans.
45-second read · 4 questions answered below
This bill would require federally funded colleges and universities to present financial aid offers in a standard format. The format must list costs first, then grants and scholarships, then a net price, and then loans clearly separated in their own section. Schools could not call an aid offer an "award" or mix loans together with grants in ways that could confuse students.
This bill affects students and prospective students at federally funded colleges and universities, as well as the schools themselves. The Department of Education and the Government Accountability Office would also have responsibilities under the bill.
If passed, colleges that receive federal funding would need to change how they present financial aid offers and submit their templates to the Department of Education each year. The Government Accountability Office would later study whether the new forms are working and recommend changes if needed.
AI-drafted summary. Verify it against the official text before you act on it. Read the official bill on Congress.gov
Right now: a Senate committee is reviewing it. If the House changes it, it goes back to the Senate before reaching the President.
Latest action: — Read twice and referred to the Committee on Health, Education, Labor, and Pensions.