To amend the Higher Education Act of 1965 to direct the Secretary of Education to publish requirements for financial aid offers to be provided by institutions of higher education to enrolled and prospective students, and for other purposes.
Financial Aid Communication and Transparency Act of 2019 or the FACT Act of 2019
This bill requires the Department of Education (ED) to publish certain requirements for financial aid offers.
ED must conduct consumer testing to serve as the basis for determining such requirements for financial aid offers, and a financial aid offer must contain information such as cost of attendance and sources of available financial aid. An offer must also contain a standardized quick reference box to enable comparison of information on college costs and financial aid.
Placed on the Union Calendar, Calendar No. 583.
Referred to the House Committee on Education and Labor.
Introduced in House
Introduced in House
Referred to the House Committee on Education and Labor.
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