S 528
Understanding the True Cost of College Act of 2023
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- Became Law
Bill overview
The Understanding the True Cost of College Act of 2023 aims to make financial aid offers more transparent and easier for students to understand. It requires the Department of Education to create a standardized financial aid offer form, including detailed information about costs, grants, loans, and net price. The form must be tested with various groups to ensure it’s consumer-friendly and used by all participating colleges and universities, promoting clearer communication about the total cost of attendance and financial aid options.
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Primary sponsor
Cosponsors
Angus S., Jr. King
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