A House education committee advanced two bipartisan bills requiring the Education Department to produce a universal net‑price calculator and standardized financial‑aid award letters for students attending institutions that receive federal funds. Rep. Tim Walberg and other committee leaders framed the legislation as a consumer‑protection measure to reduce hidden costs and improve college shopping comparisons. The Student Financial Clarity Act would expand program‑level data on the College Scorecard; the College Financial Aid Clarity Act sets a mandatory timeline—July 1, 2029—for adoption of a standardized aid‑offer format by federally funded colleges. Higher‑ed associations warned about administrative burdens and urged collaboration on template design. If enacted, the rules would reshape admissions and enrollment counseling workflows and require campuses to invest in IT, training and communications to deliver clear, comparable price signals to prospective students.
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