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Standardized Financial Aid Offers for College Students

This new law mandates a standardized financial aid offer form for college students. This will provide citizens with clear and understandable information about college costs, available scholarships, and loans, empowering them to make informed financial decisions about their education.
Key points
All colleges must use a single, standard financial aid offer form, making it easier to compare offers.
The form will clearly display total college costs (direct and indirect), separating them from non-repayable grants and scholarships.
Information on student loans will be more transparent, clearly stating they must be repaid, and providing links to repayment calculators.
Students will receive clear instructions on how to accept, adjust, or decline financial aid, along with contact information for financial aid offices.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_HR_3153
Sponsor: Rep. Kim, Young [R-CA-40]
Process start date: 2025-05-01
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Understanding the True Cost of College Act of 2025

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_HR_3153.

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 2025-05-01.

What are the main provisions?

Key points include:

  • All colleges must use a single, standard financial aid offer form, making it easier to compare offers.
  • The form will clearly display total college costs (direct and indirect), separating them from non-repayable grants and scholarships.
  • Information on student loans will be more transparent, clearly stating they must be repaid, and providing links to repayment calculators.
  • Students will receive clear instructions on how to accept, adjust, or decline financial aid, along with contact information for financial aid offices.
What is the specific legal status?

The current status is Introduced.

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, Young [R-CA-40].

What is the latest detailed status?

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

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-22.

CATEGORIES

Education