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S. 1558 119th Congress Senate

Understanding the True Cost of College Act of 2025

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

Introduced: May 1, 2025 Introduced by: Chuck Grassley Republican · Iowa See on congress.gov
Education
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 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 1, 2025
Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
May 1, 2025
Introduced in Senate
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What's happening now May 1, 2025

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

 Plain-English summary Congressional Research Service

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.

 Hearings & markups 1
 Related & companion bills 1
  • HR 3153 Understanding the True Cost of College Act of 2025
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Lobbying activity 24

Registered lobbyists who named this bill in their disclosure filings. Source: federal Lobbying Disclosure Act filings.

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 Cosponsors 3
All 3 Democratic 2 Republican 1
D
Hassan, Margaret Wood
New Hampshire · May 1, 2025
 D
Smith, Tina
Minnesota · May 1, 2025
 R
Tuberville, Tommy
Alabama · May 1, 2025
Cite this page click to expand
APA
U.S. Congress. (2026). S. 1558: Understanding the True Cost of College Act of 2025. 119th Congress. Open America. https://openamerica.io/bill/119-S-1558/
MLA
"S. 1558: Understanding the True Cost of College Act of 2025." 119th Congress, 2026, Open America, https://openamerica.io/bill/119-S-1558/.
Bluebook (legal)
S. 1558, 119th Cong. (2026), https://openamerica.io/bill/119-S-1558/.
Markdown link
[S. 1558: Understanding the True Cost of College Act of 2025](https://openamerica.io/bill/119-S-1558/)
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