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Standardized Financial Aid Offers for College Students

This new law mandates a standardized financial aid offer form for colleges. This will help students and their families better understand the true cost of college, available grants and scholarships, and loan repayment terms. The goal is to increase transparency and facilitate informed financial decisions regarding education.
Key points
Colleges will be required to use a single, clear financial aid offer form, making cost comparisons easier.
The form will clearly show total college costs (direct and indirect), grant and scholarship amounts, and the estimated net price for the student.
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_S_1558
Sponsor: Sen. Grassley, Chuck [R-IA]
Process start date: 2025-05-01
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash
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_S_1558.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2025-05-01.

What are the main provisions?

Key points include:

  • Colleges will be required to use a single, clear financial aid offer form, making cost comparisons easier.
  • The form will clearly show total college costs (direct and indirect), grant and scholarship amounts, and the estimated net price for the student.
  • 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 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 2025-12-23.

CATEGORIES

Education