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Net Price Calculator Improvement Act
12/15/2023, 4:06 PM
Congressional Summary of S 531
Net Price Calculator Improvement Act
This bill establishes requirements concerning the information that must be provided to prospective students about the cost of attendance at an institution of higher education (IHE). Specifically, the bill establishes the minimum requirements for the net price calculator that an IHE must include on its website. An IHE's net price is the average yearly price actually charged to first-time, full-time undergraduate students receiving student aid at the IHE after deducting such aid.
The bill also authorizes the Department of Education to develop a universal net price calculator that enables users to answer one set of questions and receive net prices for several IHEs and compare those prices.
Read the Full Bill
Current Status of Bill S 531
Bill S 531 is currently in the status of Bill Introduced since February 27, 2023. Bill S 531 was introduced during Congress 118 and was introduced to the Senate on February 27, 2023. Bill S 531's most recent activity was Read twice and referred to the Committee on Health, Education, Labor, and Pensions. as of February 27, 2023
Bipartisan Support of Bill S 531
Total Number of Sponsors
1Democrat Sponsors
0Republican Sponsors
1Unaffiliated Sponsors
0Total Number of Cosponsors
1Democrat Cosponsors
1Republican Cosponsors
0Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill S 531
Primary Policy Focus
EducationAlternate Title(s) of Bill S 531
Net Price Calculator Improvement Act
Net Price Calculator Improvement Act
A bill to amend the Higher Education Act of 1965 to make technical improvements to the Net Price Calculator system so that prospective students may have a more accurate understanding of the true cost of college.
Comments
Sponsors and Cosponsors of S 531
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