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S 2594 110th Congress Senate Education College costs Commerce Congress Congressional reporting requirements Consumer education Federal aid to education Government Operations and Politics Government paperwork Government publicity Higher education Labor and Employment Scholarships Student aid Student employment Student loan funds

A bill to amend title I of the Higher Education Act of 1965 regarding institution financial aid offer form requirements.

Introduced: February 6, 2008 Introduced by: Schumer, Charles E. Democratic · New York See on congress.gov
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 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 6, 2008
Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
Feb 6, 2008
Introduced in Senate
 Plain-English summary Congressional Research Service

Amends the Higher Education Act of 1965 to direct the Secretary of Education to: (1) prepare a report for specified congressional committees on the adequacy of the financial aid offer forms issued by federally-assisted institutions of higher education (IHEs); and (2) develop model financial aid offer formats based on the report's findings.

Requires such formats to include, in a consumer-friendly manner, specified information regarding: (1) the student's total and net cost of attending the IHE; (2) available scholarships, loans, and work assistance; and (3) where to obtain additional information on the financial aid offered.

Directs each IHE to use one of the model formats as part of its financial aid offer form, and provide such form to current or prospective students and their parents in time for them to consider the format information before applying for or selecting an educational loan.

What's happening now February 6, 2008

Read twice and referred to the Committee on Health, Education, Labor, and Pensions.

 Committees of jurisdiction 1