Rep. Virginia Foxx (R-N.C.), chairwoman of the House Committee on Education and the Workforce, on January 11 introduced the College Cost Reduction Act, which seeks to address issues around college cost, accountability, and transparency. The bill includes a provision that would "create a standardized financial aid offer form that includes standardized definitions and terminology, formatting requirements, and information for students and families." NASFAA’s policy and federal relations team reviewed the bill and published the following in-depth analysis articles breaking down the most significant provisions.
Packaging and Aid Notification
Improving Financial Aid Offers
Are Education and Training Vouchers Considered Other Financial Assistance?
When Must the New Annual, Aggregate, and Lifetime Loan Limits Be Applied? (Award Year: 2026-27>)
Can a School Use Two Different Award Year SAIs When Originating a BBAY Direct Loan?
NASFAA Endorses the Improving Financial Aid Offers for Students Act
Off the Cuff - Episode 358 Transcript
Packaging & Aid Notification: 2026-27
NASFAA U Online Course Institutional/Organizational Registration
Issue Brief: Financial Aid Offers
Does the Lifetime Limit That Applies to Legacy Borrowers Include PLUS Loans? (Award Year: 2026-27>)
What Enrollment Intensity Is Used To Award Pell After Verification and a Change In Enrollment?
What Are the Rules On the Treatment Of Other Financial Assistance (OFA)?
Senators Call for Financial Aid Transparency From Institutions, Loan Servicers
Report: The Biggest Barriers to Higher Ed Enrollment Are Cost and Lack of Financial Aid
Report: FAFSA Rollout Disproportionately Affected Low-Income Black and Latino Students
"How Many Students Did We Lose?" Aid Offices Fear Enrollment Repercussions After Rocky FAFSA Rollout
Can a Student Receive the Entire Annual Loan Limit In a Single Term? (Award Year: 2025-26<)
