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Standardizing College Financial Aid Offers for Clearer Student Decisions.

This act mandates the standardization and simplification of college financial aid offer documents to improve transparency for citizens. Students and families will receive clear, consistent information about total costs, the difference between grants and loans, and estimated debt, enabling better-informed financial decisions. The new standardized forms will be mandatory starting July 2029.
Key points
All institutions receiving federal aid must use a standardized 'Financial Aid Offer' form, clearly separating grants (money that does not need to be repaid) from loans (debt).
Offers must detail the estimated total cost of attendance, the net price after grants, and specific information on loan interest rates and fees.
The Department of Education must consumer-test the new offer formats with students and families to ensure they are simple and easy to understand before implementation.
Colleges must disclose the requirements for renewing financial aid in future years and explain how outside aid might change the initial offer.
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Placed on Calendar
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Additional Information
Print number: 119_HR_6502
Sponsor: Rep. McClain, Lisa C. [R-MI-9]
Process start date: 2025-12-09
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash-preview-09-2025
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

College Financial Aid Clarity Act of 2025

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_HR_6502.

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 2025-12-09.

What are the main provisions?

Key points include:

  • All institutions receiving federal aid must use a standardized 'Financial Aid Offer' form, clearly separating grants (money that does not need to be repaid) from loans (debt).
  • Offers must detail the estimated total cost of attendance, the net price after grants, and specific information on loan interest rates and fees.
  • The Department of Education must consumer-test the new offer formats with students and families to ensure they are simple and easy to understand before implementation.
  • Colleges must disclose the requirements for renewing financial aid in future years and explain how outside aid might change the initial offer.
What is the specific legal status?

The current status is Placed on Calendar.

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. McClain, Lisa C. [R-MI-9].

What is the latest detailed status?

The latest detailed status is: Placed on the Union Calendar, Calendar No. 394.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-23.

CATEGORIES

Education