Understanding the True Cost of College Act of 2025

This bill requires the Department of Education to create a standard financial aid form and common terms that all colleges must use when offering financial aid to students. The form must clearly show things like the estimated cost of attending, how much a student or family would actually need to pay, and the rules that come with financial aid. The Department of Education must work with groups representing students, veterans, and colleges to develop the form, and then test it with students, families, counselors, and consumer groups before finalizing it. Any college that participates in federal student aid programs would be required to use this standard form and terminology in all communications about financial aid.

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