HR 6502 ยท College Financial Aid Clarity Act of 2025
Placed on the Union Calendar, Calendar No. 394.
- Introduced
- Dec 9, 2025
- Latest action
- Jan 21, 2026
- Sponsor
- Rep. Lisa C. McClain [R-MI-9]
- Policy area
- Education
- Cosponsors
- 3
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.
Recent actions
- Jan 21, 2026 Placed on the Union Calendar, Calendar No. 394.
- Jan 21, 2026 Reported (Amended) by the Committee on Education and Workforce. H. Rept. 119-460.
- Jan 21, 2026 Reported (Amended) by the Committee on Education and Workforce. H. Rept. 119-460.
- Dec 11, 2025 Ordered to be Reported (Amended) by the Yeas and Nays: 23 - 10.
- Dec 11, 2025 Committee Consideration and Mark-up Session Held
- Dec 9, 2025 Referred to the House Committee on Education and Workforce.
- Dec 9, 2025 Introduced in House
- Dec 9, 2025 Introduced in House
Votes
No recorded votes are available for this bill.