H.R. 3153 explained · 119th Congress · Pending in Congress
Understanding the True Cost of College Act of 2025
Cosponsors: 3 (3 D, 0 R) · per Congress.gov, 2026-10-11
Introduced: 2025-05-01
Latest action (2025-05-01): Referred to the House Committee on Education and Workforce.
What H.R. 3153 does, in plain terms
Understanding the True Cost of College Act of 2025 This bill requires standardized financial aid terminology and offer forms. Specifically, 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, the net price that a student or family is estimated to pay, and the terms and conditions of financial aid. In addition, 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.
Official summary by the Congressional Research Service, via Congress.gov.
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