H.R. 6498 · On the floor · Education

Student Financial Clarity Act of 2025

What it does

Requires the Department of Education to update the College Scorecard website with detailed program-level data including costs, financial aid, student debt and repayment, and post-graduation earnings for each program of study at each participating institution.
Directs the Department of Education to establish and maintain a Universal Net Price Calculator on a dedicated website that allows individuals to select and compare multiple institutions and programs of study.
Requires the Universal Net Price Calculator to provide net price estimates for each selected institution and program of study in electronic and downloadable formats.
Mandates that each institution of higher education publicly display either the Department of Education's net price calculator or its own calculator meeting the same data requirements on its website.

Official summary

Student Financial Clarity Act of 2025 This bill requires certain actions to provide consumers (e.g., enrolled and prospective students) with additional financial information on institutions of higher education (IHEs) that participate in federal student aid programs. Specifically, the Department of Education (ED) must update its College Scorecard website with additional information, including detailed data (e.g., costs, financial aid, student debt and repayment, and earnings) for each program of study at each IHE. (The College Scorecard is a comparison tool for information on school sizes, settings, graduation rates, average costs, and salary ranges per field of study.) Additionally, ED must establish a Universal Net Price Calculator on a dedicated ED website and annually update the data. Among other elements, this calculator must (1) allow an individual to select and compare multiple IHEs and programs of study, (2) provide the individual with net price estimates for each selected IHE and each selected program of study, and (3) provide access to information in an electronic and downloadable format. Each IHE must make publicly available on its website either the net price…

Latest action

Jan 21, 2026: Placed on the Union Calendar, Calendar No. 395.

Committee: House Education and Workforce