Loading…
H.R. 3153119th CongressIn committeeLatest action May 1, 2025Decoded by AI · checked against the record
Official title: Understanding the True Cost of College Act of 2025
Introduced:
Read the official bill on Congress.govThe plain-language version leads. The official text is always the reference.
This bill would create one standardized financial aid offer form all federally funded colleges must use.
40-second read · 4 questions answered below
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.
Prospective and current college students and their families, and financial aid offices at colleges and universities receiving federal funding.
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.
AI-drafted summary. Verify it against the official text before you act on it. Read the official bill on Congress.gov
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.