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Student Financial Aid Transparency: Examining University Practices

This act aims to investigate whether higher education institutions reduce financial aid for students after their first year of study. The study's findings will help understand how such practices affect continued enrollment, student debt, and graduation rates, potentially leading to legislative changes to protect students.
Key points
Mandates a study on the practice of universities reducing financial aid for students after their first year.
Assesses the impact of reduced aid on student debt, retention, and graduation rates.
Develops legislative recommendations to address the issue of uneven financial aid.
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Status:
Expired
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Additional Information
FLAT Act
Print number: HR 5381
Sponsor: Rep. Kim, Andy [D-NJ-3]
Process start date: 2021-09-27
System Note: Lustra is free, publicly auditable civic infrastructure, with full source code available on GitHub. You are reading sterilized legislative data, processed by our radical neutrality engine to strip political spin and retain factual mechanics. We process only official government data. Original documents remain the authoritative source, always verify them if you can.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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Summary & Status

Key Questions about Student Financial Aid Transparency: Examining University Practices

A structured overview of the legislative process, official sources, status and civic context.

What is the official ID of this bill?

The official print number for this legislation is HR 5381.

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:

  • Mandates a study on the practice of universities reducing financial aid for students after their first year.
  • Assesses the impact of reduced aid on student debt, retention, and graduation rates.
  • Develops legislative recommendations to address the issue of uneven financial aid.

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.

Analysis and Potential Impact of HR 5381

We don't know, that is up to you to decide. Summarizing raw data with AI is fundamentally different from predicting socio-economic outcomes. As of 2026, we believe impact assessment strictly requires a human in the loop to verify and judge. Review our public AI processing logs for full transparency, and use Lustra to track active legislation for instant status push notifications.

CATEGORIES

Education