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H.R. 6502

College Financial Aid Clarity Act of 2025

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.

Placed on the Union Calendar, Calendar No. 394.

Rep. McClain, Lisa C. [R-MI-9](R-MI)Sponsor
3 cosponsors2 D1 R
3cosponsors1committees8actions6subjects
  • Reported in HouseJan 21, 2026
  • Introduced in HouseDec 9, 2025
  1. CalendarsH12410

    Placed on the Union Calendar, Calendar No. 394.

  2. CommitteeH12200

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

  3. Committee5000

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

  4. Committee

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

  5. Committee

    Committee Consideration and Mark-up Session Held

  6. IntroReferralH11100

    Referred to the House Committee on Education and Workforce.

  7. IntroReferralIntro-H

    Introduced in House

  8. IntroReferral1000

    Introduced in House

College Financial Aid Clarity Act of 2025 — Informed