Amends the Higher Education Act of 1965 to require institutions of higher education to format financial aid offers with specific information.
Amends the Higher Education Act of 1965 to require the Secretary of Education to develop requirements for institutions of higher education on formatting financial aid offer forms. The bill mandates that institutions receiving federal financial assistance must establish a process for consumer testing and format financial aid offers to include specific information, such as the program of study, award year, and required costs.
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