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College Cost Transparency: Improving Net Price Calculators for Students.

This law establishes mandatory, standardized requirements for college Net Price Calculators, ensuring students and families receive clearer and more accurate estimates of the true cost of attendance after grants and scholarships. The goal is to increase financial transparency during the college selection process and protect user privacy.
Key points
Colleges must prominently display and clearly label the cost calculator link on their websites, making it easy for prospective students to find.
Calculators must provide a detailed breakdown of costs (tuition, housing, books) and estimated grant aid to show the student's specific net price clearly.
Strict privacy rules are implemented: personal information entered into the calculator cannot be sold or shared with third parties.
The Secretary of Education is authorized to develop a single, universal calculator to allow users to compare costs across multiple institutions easily.
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Expired
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Additional Information
Print number: 118_S_531
Sponsor: Sen. Grassley, Chuck [R-IA]
Process start date: 2023-02-27
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-flash-latest
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Net Price Calculator Improvement Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_S_531.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2023-02-27.

What are the main provisions?

Key points include:

  • Colleges must prominently display and clearly label the cost calculator link on their websites, making it easy for prospective students to find.
  • Calculators must provide a detailed breakdown of costs (tuition, housing, books) and estimated grant aid to show the student's specific net price clearly.
  • Strict privacy rules are implemented: personal information entered into the calculator cannot be sold or shared with third parties.
  • The Secretary of Education is authorized to develop a single, universal calculator to allow users to compare costs across multiple institutions easily.
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 Sen. Grassley, Chuck [R-IA].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-26.

CATEGORIES

Education Economy