3.0.0 2321 2022-11-01T19:47:14Z 2022-11-01T19:47:14Z House HR 2019-04-12 116 From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. VAN DREW:H.R. 2321.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8____________________[Page H3266]]]> hsed00 Education and the Workforce Committee House Standing Referred to 2019-04-12T18:32:20Z Student Aid Improvement Act of 2019 116 2557 S 2019-09-26 Read twice and referred to the Committee on Health, Education, Labor, and Pensions. Related bill CRS Understanding the True Cost of College Act of 2019 116 888 S 2019-03-27 Read twice and referred to the Committee on Health, Education, Labor, and Pensions. Identical bill CRS 2019-04-12 Referred to the House Committee on Education and Labor. IntroReferral H11100 2 House floor actions hsed00 Education and the Workforce Committee 2019-04-12 Introduced in House IntroReferral Intro-H 9 Library of Congress 2019-04-12 Introduced in House IntroReferral 1000 9 Library of Congress V000133 Rep. Van Drew, Jefferson [D-NJ-2] Jefferson Van Drew D NJ 2 N S001183 Rep. Schweikert, David [R-AZ-6] David Schweikert R AZ 6 2019-06-05 False R000616 Rep. Rouda, Harley [D-CA-48] Harley Rouda D CA 48 2019-06-18 False F000466 Rep. Fitzpatrick, Brian K. [R-PA-1] Brian Fitzpatrick R PA K. 1 2019-08-30 False C001051 Rep. Carter, John R. [R-TX-31] John Carter R TX R. 31 2019-09-06 False H001080 Rep. Haaland, Debra A. [D-NM-1] Debra Haaland D NM A. 1 2019-09-06 False R000613 Rep. Rose, Max [D-NY-11] Max Rose D NY 11 2019-09-09 False G000586 Rep. Garcia, Jesus G. "Chuy" [D-IL-4] Jesus Garcia D IL G. 4 2019-09-10 False K000382 Rep. Kuster, Ann M. [D-NH-2] Ann Kuster D NH M. 2 2019-09-25 False D000627 Rep. Demings, Val Butler [D-FL-10] Val Demings D FL Butler 10 2019-10-18 False A000378 Rep. Axne, Cynthia [D-IA-3] Cynthia Axne D IA 3 2019-11-14 False S001209 Rep. Spanberger, Abigail Davis [D-VA-7] Abigail Spanberger D VA Davis 7 2019-11-15 False K000394 Rep. Kim, Andy [D-NJ-3] Andy Kim D NJ 3 2019-11-20 False M001188 Rep. Meng, Grace [D-NY-6] Grace Meng D NY 6 2019-12-04 False Education Consumer affairs Financial literacy Government information and archives Government lending and loan guarantees Government studies and investigations Higher education Student aid and college costs Education 00 2019-04-12 Introduced in House 2021-01-27T16:05:44Z Understanding the True Cost of College Act of 2019

This bill requires standardized financial aid terminology and offer forms.

The Department of Education (ED) must develop standard terminology and a format for financial aid offer forms based on recommendations from representatives of certain groups, including students, veterans, and institutions of higher education (IHEs).

The consumer-friendly form must include specified details and disclosures, including

  • the estimated cost of attendance,
  • financial aid that does not need to be repaid,
  • the net price that a student or family is estimated to pay,
  • work-study employment opportunities,
  • loans the IHE recommends for the student for the academic period covered by the offer,
  • deadlines and the process for accepting financial aid,
  • default rates,
  • the percentage of students who have student loans and the median debt at graduation for students,
  • private loans,
  • scholarships, and
  • the terms and conditions of financial aid.

ED must (1) test the form with representatives of students, students' families, IHEs, secondary school and postsecondary counselors, and nonprofit consumer groups; and (2) use the results to develop the final form.

Each IHE that participates in federal student aid programs must (1) use the standard form when offering financial aid to students, and (2) use the standard terminology and definitions developed by ED for all communications related to financial aid offers.

]]> Understanding the True Cost of College Act of 2019 Display Title Understanding the True Cost of College Act of 2019 Official Title as Introduced To require a standard financial aid offer form, and for other purposes. Introduced in House IH Short Title(s) as Introduced Understanding the True Cost of College Act of 2019 Introduced in House IH Introduced in House 2019-04-12T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-116hr2321ih/xml/BILLS-116hr2321ih.xml 2019-04-12 Referred to the House Committee on Education and Labor. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.