118th Congress Education
H.R. 1198: Understanding the True Cost of College Act of 2023
Introduced
- Introduced (completed)
- Passed House (not reached)
- Passed Senate (not reached)
- To the President (not reached)
- Became law (not reached)
Summary
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.
Read the full summary
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.
Written by the Congressional Research Service, Library of Congress.
Roll calls
No roll call votes have been held on this bill.
Amendments
No amendments were offered to this bill.
Cosponsors
- Josh Gottheimer D-NJOriginal
- Raja Krishnamoorthi D-ILOriginal
- Diana DeGette D-CO
- Katie Porter D-CA
- Jared Golden D-ME
- Marie Gluesenkamp Perez D-WA
- Jason Crow D-CO
- Chris Pappas D-NH
- Abigail Spanberger D-VA
Who scored on this bill
- 1Young Kim SponsorDrew cross-party cosponsors, introduced2 events+6
See all scorers and every scoring event
Introductions and cosponsorships count toward weekly caps and show no points.
Other bills by Young Kim
- H.R. 3350: Ursula Ellen Kennedy Post Office Building (Tustin, CA)
- H.R. 5402: Credit Access and Inclusion Act of 2026
- H.R. 9331: STOP Payments Fraud Act of 2026
- H.R. 5587: HEATS Act
- H.R. 5248: PROFIT Act of 2026
- H.R. 7037: Developing Overseas Mineral Investments and New Allied Networks for Critical Energies Act
History
- Introduced in the House by Young Kim.
Show the full action history (2 actions)
- Introduced in House
- Referred to the House Committee on Education and the Workforce.