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H.R. 6502: College Financial Aid Clarity Act of 2025

119th Congress · introduced 2025-12-09 · Education · Latest: Placed on the Union Calendar, Calendar No. 394.

federal

What does this mean?

Official title

College Financial Aid Clarity Act of 2025

Plain 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.

Congressional Research Service summary (Reported to House), quoted unchanged (nonpartisan). Read the source.

What a vote does

A “Yea” vote

If it passes both chambers and is signed, it becomes law.

A “Nay” vote

If it is not passed, current law stays as it is.

PSI Sci description of the legislative step (not an opinion).

What does this mean? (plain words)

Official text

College Financial Aid Clarity Act of 2025

Source: Congressional Research Service summary (Reported to House)

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The strongest published arguments

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Alternatives

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Officials and money

Sponsor: Rep. McClain, Lisa C. [R-MI-9] · 3 cosponsors

Money: CBO cost estimate: H.R. 6502, College Financial Aid Clarity Act of 2025 (2026-04-13) No linked contracts or vendors yet.

Words on this page, explained (1)
Bill
A proposed law. It becomes law only if it passes the legislature and is signed by the president or governor (or a veto is overridden).

Plain meanings written from linked sources. All words.

Sources

Record fed-us-cong119-hr6502 · catalog fed-us-congress-bills-cong119 · updated 2026-11-03 by psicol fed-bills