H.R. 6502 · On the floor · Education

College Financial Aid Clarity Act of 2025

What it does

Requires the Department of Education to develop a standardized, consumer-tested format for all financial aid offers used by higher education institutions.
Mandates that all financial aid offers include specified details: cost of attendance, net price, loan interest rates, student employment opportunities, and next steps for accepting or declining aid.
Requires higher education institutions participating in federal student aid programs to use consistent terminology across all communications related to financial aid offers.
Directs institutions to provide supplemental content and disclosures such as requirements for renewing financial aid in all offer formats.

Official summary

College Financial Aid Clarity Act of 2025 This bill requires the Department of Education (ED) to develop, and for institutions of higher education (IHEs) to use, a standardized, consumer-tested format for all financial aid offers. Any financial aid offer must include specified details and disclosures, including (1) cost information (e.g., cost of attendance and net price); (2) disclosures related to loans (e.g., applicable interest rates); (3) information on student employment opportunities; and (4) next steps for accepting, adjusting, or declining financial aid. Each IHE that participates in federal student aid programs must (1) include the required information for all financial aid offers (including paper, mobile, or electronic offers), (2) provide supplemental content and disclosures (e.g., requirements for renewing financial aid), and (3) use consistent terminology for all communications related to financial aid offers.

Latest action

Jan 21, 2026: Placed on the Union Calendar, Calendar No. 394.

Committee: House Education and Workforce