The House Education and Workforce Committee voted to advance two bipartisan bills that would force federal action on college price transparency. Lawmakers advanced the Student Financial Clarity Act, which would require the Education Department to build a universal net-price calculator and expand program-level data on the College Scorecard, and the College Financial Aid Clarity Act, which would compel a standardized format for institutional financial-aid award letters by July 1, 2029. Rep. Tim Walberg, chair of the committee, argued the measures respond to declining public trust by clarifying costs and expected outcomes. Higher-education groups including the American Council on Education warned a federally mandated award-letter template could impose technical and administrative burdens and argued for voluntary improvements. The legislation, if enacted, would reshape admissions counseling, consumer disclosures, and how institutions present aid packages to prospective students.
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