LEGISLATION/H.R. 6502

College Financial Aid Clarity Act of 2025

119-HR-6502119th CongressIntroduced Dec 9, 2025Education

Market Probability

No market

Status

Introduced

Committee

Floor Vote

Other Chamber

Signed

Placed on the Union Calendar, Calendar No. 394.

Sponsor

Rep. McClain, Lisa C. [R-MI-9](R-MI-9)

3 cosponsors

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.

Subjects

Employment and training programsGovernment information and archivesGovernment lending and loan guaranteesHigher educationStudent aid and college costsWages and earnings

Actions (8)

Placed on the Union Calendar, Calendar No. 394.

Jan 21, 2026House floor actions

Reported (Amended) by the Committee on Education and Workforce. H. Rept. 119-460.

Jan 21, 2026House floor actions

Reported (Amended) by the Committee on Education and Workforce. H. Rept. 119-460.

Jan 21, 2026Library of Congress

Ordered to be Reported (Amended) by the Yeas and Nays: 23 - 10.

Dec 11, 2025House committee actions

Committee Consideration and Mark-up Session Held

Dec 11, 2025House committee actions

Referred to the House Committee on Education and Workforce.

Dec 9, 2025House floor actions

Introduced in House

Dec 9, 2025Library of Congress

Introduced in House

Dec 9, 2025Library of Congress

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