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Helping Students Plan for College: Private Scholarships and Financial Aid Impact

This act aims to increase transparency for students regarding how private scholarships affect their institutional financial aid. Colleges will be required to clearly disclose how external scholarships might alter the amount of aid they receive. Additionally, a study will be conducted to better understand the relationship between private scholarships and student financial support.
Key points
Colleges must inform students how private scholarships and grants impact their institutional financial aid eligibility.
Students will learn about institutional policies on adjusting financial aid when external scholarships are received.
A study will be conducted to assess the relationship between private scholarships and institutional financial aid, including student demographic data.
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Expired
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Additional Information
Print number: 117_HR_5380
Sponsor: Rep. Kim, Andy [D-NJ-3]
Process start date: 2021-09-27
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Helping Students Plan for College Act of 2021

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_5380.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2021-09-27.

What are the main provisions?

Key points include:

  • Colleges must inform students how private scholarships and grants impact their institutional financial aid eligibility.
  • Students will learn about institutional policies on adjusting financial aid when external scholarships are received.
  • A study will be conducted to assess the relationship between private scholarships and institutional financial aid, including student demographic data.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Kim, Andy [D-NJ-3].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Education and Labor.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-28.

CATEGORIES

Education