Understanding the True Cost of College Act of 2025

Hozzl · 2025-05-21T13:53:05Z

Explore the details of Senate Bill 1558 Understanding the True Cost of College Act of 2025 currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Education. Stay informed on legislative developments.

5/21/2025, 1:53 PM

Summary of Bill S 1558

The bill titled "A bill to require a standard financial aid offer form, and for other purposes" was introduced in the 119th session of Congress on May 1, 2025. The bill aims to establish a standard financial aid offer form and may include additional provisions related to financial aid processes or regulations. Specific details beyond the title and introduction date are not provided in the context.

Congressional Summary of S 1558

Understanding the True Cost of College Act of 2025

This bill requires standardized financial aid terminology and offer forms.

Specifically, the Department of Education (ED) must develop standard terminology and a format for financial aid offer forms based on recommendations from representatives of certain groups, including students, veterans, and institutions of higher education (IHEs).

The consumer-friendly form must include specified details and disclosures, including the estimated cost of attendance, the net price that a student or family is estimated to pay, and the terms and conditions of financial aid.

In addition, ED must (1) test the form with representatives of students, students' families, IHEs, secondary school and postsecondary counselors, and nonprofit consumer groups; and (2) use the results to develop the final form.

Each IHE that participates in federal student aid programs must (1) use the standard form when offering financial aid to students, and (2) use the standard terminology and definitions developed by ED for all communications related to financial aid offers.

Read the Full Bill

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Current Status of Bill S 1558

Bill S 1558 is currently in the status of Bill Introduced since May 1, 2025. Bill S 1558 was introduced during Congress 119 and was introduced to the Senate on May 1, 2025. Bill S 1558's most recent activity was Read twice and referred to the Committee on Health, Education, Labor, and Pensions. as of May 1, 2025

Bipartisan Support of Bill S 1558

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

Democrat Cosponsors

Republican Cosponsors

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill S 1558

Primary Policy Focus

Education

Alternate Title(s) of Bill S 1558

A bill to require a standard financial aid offer form, and for other purposes.

Comments

Gabriella Matthews

647

9 months ago

Ugh, can't believe they're trying to push this through. It's like they don't even care about the students who will be affected by it. And did you know that this bill also includes a provision that could potentially increase student loan debt for many individuals? Just ridiculous.