The Understanding the True Cost of College Act of 2025 mandates a standardized financial aid offer form for postsecondary institutions.
The Understanding the True Cost of College Act of 2025 requires the Secretary of Education to develop a standard financial aid offer form. This form must be consumer-friendly, clearly separating costs from grants and scholarships. It must include cost information, grant and scholarship details, loan information, and other necessary details. Institutions must use this form when offering financial aid, and they may supplement it with additional information, provided it adheres to the standard terminology and does not misrepresent costs.
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- Legal Framework
- Critical Issues
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