PlainBillCongress, translated.Legislation. Context. Public interest.Referred to the House Committee on Education and Labor.
Congressional Research Service
Version 00 · Introduced in House · Dec 5, 2022
College Cost Transparency and Student Protection Act
This bill outlines requirements for financial aid offers that must be provided to prospective and enrolled students.
Specifically, the bill requires the Department of Education (ED) to publish requirements for financial aid offers that each institution of higher education (IHE) participating in federal student aid programs must provide to students. These requirements include standardized terms and definitions, certain formatting requirements, and components regarding costs.
Showing the opening paragraphs of the official summary.
In particular, a financial aid offer must first include a component related to direct costs (i.e., tuition, fees, and other expenses required for the student to enroll in the IHE). If the student completes the component related to direct costs and confirms that the student is seeking financial assistance for indirect costs (e.g., housing and food, books and supplies, and transportation), then the offer must include components related to those indirect costs. IHEs may not refer to these offers as award letters.
The bill requires ED to ensure that information published on the website of each IHE or the College Scorecard includes information on costs, earnings, and loan payments in a manner consistent with financial aid offers. The College Scorecard is a comparison tool for information on school sizes, settings, graduation rates, average costs, and salary ranges per field of study.
People & committees
Rep. McClain, Lisa C. [R-MI-10] · R–MI
Legislative record
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Referred to the House Committee on Education and Labor.
Introduced in House
Introduced in House
Primary sources
Text links open the official source. We currently store references to these documents.
Source last updated: Jul 21, 2025. Consult Congress.gov for the current record.
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