Legislative Tracker: Consumer Information & Transparency

Legislative Tracker Logo On this page, you'll find proposals to increase student and family awareness of institutional policies or provide students and borrowers with additional information. 

 

*NEW* H.R.3362 — Opportunity To Address College Hunger Act

Sponsor: Rep. Bonamici [D-OR]
Cosponsors: 20
Introduced: 05/20/2021 
NASFAA Summary & Analysis:
This bill would require colleges and universities to inform students in the Federal Work Study program that they may qualify for the Supplemental Nutrition Assistance Program (SNAP) and provide support throughout the application process. 

*NEW* H.R.2912 — Truth in Tuition Act of 2021

Sponsor: Rep. Cartwright [D-PA]
Cosponsors: 8
Introduced: 04/30/2021
NASFAA Summary & Analysis: This bill would require universities and colleges to provide each incoming class of students with a multi-year overview of the tuition and fee schedule or give each student a non-binding estimate of the individual cost of their education. While schools would still be free to determine their tuition rates, this bill aims to increase transparency around college costs for students and families. 

*NEW* S.1452 — Understanding the True Cost of College Act of 2021

Sponsor: Sen. Grassley [R-IA]
Cosponsors: 2
Introduced: 04/29/2021
NASFAA Summary & Analysis: This bill would mandate standard terminology and a standard format for financial aid award offers. In a slight change from previous iterations of this bill, this version no longer requires specific elements on the first page of the aid offer. 

*NEW* S.1448 — Net Price Calculator Improvement Act

Sponsor: Sen. Grassley [R-IA]
Cosponsors: 2
Introduced: 04/29/2021
NASFAA Summary & Analysis: This bill would allow the creation of a centralized website to allow students to compare estimates of their net price for individual institutions across multiple colleges at once. It would include the institution’s net price, as well as all components of the institution’s Cost of Attendance, as well as the estimated total need-based grant aid and merit-based grant aid, from Federal, State, and institutional sources, that may be available to the student. 

*NEW* S.1445 — Know Before You Owe Federal Student Loan Act of 2021

Sponsor: Sen. Grassley [R-IA]
Cosponsors: 2
Introduced: 04/29/2021
NASFAA Summary & Analysis: This bill would require entrance counseling, renamed "Pre-Loan Counseling," to be administered before the disbursement of each new loan in each award year. This bill would also create periodic disclosures, which would be sent to every loan borrower on a quarterly basis, which contain updated information on how much they've borrowed, any interest capitalization that has occurred and their individual borrower information.

*NEW* H.R.2874/S.1464 — Student Loan Disclosure Modernization Act

Sponsor: Rep. Cleaver [D-MO]
Cosponsors: 1
Introduced: 04/28/2021
Sponsor: Sen. Scott [R-SC]
Cosponsors: 1
Introduced: 04/29/2021
NASFAA Summary & Analysis: This bill will simplify the student loan disclosure form while also providing personalized information on the amount that students and their families are borrowing. It will also provide an estimate for how much the student may owe per month after graduation. 

*NEW* H.R.2315 — Higher Education Transparency Act of 2021

Sponsor: Rep. Gosar [R-AZ]
Cosponsors: 4
Introduced: 04/01/2021
NASFAA Summary & Analysis: This bill would require American universities to be transparent about any agreement that they have with foreign entities such as Confucius Institutes.

H.R.2030/S.839 — College Transparency Act

Sponsor: Rep. Krishnamoorthi [D-IL]
Cosponsors: 5
Introduced: 03/18/2021
Sponsor: Sen. Cassidy [R-LA]
Cosponsors: 3
Introduced: 03/18/2021
NASFAA Summary & Analysis: This bill would create a new "postsecondary student data system," thereby repealing the ban on the federal government from collecting student-level data. The bill aims to modernize the federal data reporting system, thereby reducing data reporting burdens on institutions. The data system would contain data elements related to student enrollment, persistence, retention, transfer, and completion measures. The bill contains several privacy provisions and includes prohibitions on the collection of certain information, including religion, course grades, and citizenship status, among others. Ultimately, the new data collection will be used to create a user-friendly portal for the public to compare institutions. The bill's provisions apply to all institutions of higher education that receive Title IV federal student aid.

 

Legislative Tracker Overview   |   Archive: Consumer Information & Transparency

Publication Date: 7/12/2021


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