H.R. 6502 Reported by committee Education

College Financial Aid Clarity Act of 2025

To amend the Higher Education Act of 1965 to require the Secretary of Education to develop requirements for institutions of higher education on formatting financial aid offer forms, and for other purposes.

  1. Introduced
  2. Committee
  3. Passed House
  4. Passed Senate
  5. To President
  6. Became law
Sponsor Rep. McClain, Lisa C. [R-MI-9] Introduced December 9, 2025 Cosponsors 3 (1 R, 2 D) Latest action January 21, 2026

Summary

College Financial Aid Clarity Act of 2025
This bill requires the Department of Education (ED) to develop, and for institutions of higher education (IHEs) to use, a standardized, consumer-tested format for all financial aid offers.
Any financial aid offer must include specified details and disclosures, including (1) cost information (e.g., cost of attendance and net price); (2) disclosures related to loans (e.g., applicable interest rates); (3) information on student employment opportunities; and (4) next steps for accepting, adjusting, or declining financial aid.
Each IHE that participates in federal student aid programs must (1) include the required information for all financial aid offers (including paper, mobile, or electronic offers), (2) provide supplemental content and disclosures (e.g., requirements for renewing financial aid), and (3) use consistent terminology for all communications related to financial aid offers.

Summary by the Congressional Research Service, Library of Congress.

Congress.gov

Actions

  1. Jan 21, 2026 Placed on the Union Calendar, Calendar No. 394.
  2. Jan 21, 2026 Reported (Amended) by the Committee on Education and Workforce. H. Rept. 119-460.
  3. Dec 11, 2025 Ordered to be Reported (Amended) by the Yeas and Nays: 23 - 10.
  4. Dec 11, 2025 Committee Consideration and Mark-up Session Held
  5. Dec 9, 2025 Referred to the House Committee on Education and Workforce.
  6. Dec 9, 2025 Introduced in House

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