[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 6498 Introduced in House (IH)]

<DOC>






119th CONGRESS
  1st Session
                                H. R. 6498

 To amend the Higher Education Act of 1965 to increase transparency in 
         college tuition for consumers, and for other purposes.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                            December 9, 2025

 Mr. Guthrie (for himself, Mr. Onder, and Mrs. Trahan) introduced the 
 following bill; which was referred to the Committee on Education and 
                               Workforce

_______________________________________________________________________

                                 A BILL


 
 To amend the Higher Education Act of 1965 to increase transparency in 
         college tuition for consumers, and for other purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Student Financial Clarity Act of 
2025''.

SEC. 2. TRANSPARENCY IN COLLEGE TUITION FOR CONSUMERS.

    (a) Amendment.--Section 132 of the Higher Education Act of 1965 (20 
U.S.C. 1015a) is amended--
            (1) by striking subsections (a) through (j) and inserting 
        the following:
    ``(a) Definitions.--In this section:
            ``(1) College scorecard website.--The term `College 
        Scorecard website' means the College Scorecard website required 
        under subsection (b) and includes any successor website.
            ``(2) Cost of attendance.--The term `cost of attendance' 
        has the meaning given such term in section 472(a).
            ``(3) Required costs.--The term `required costs' means the 
        sum of all the items listed in section 472(a) that are required 
        by an institution of higher education for a program of study 
        for the program length of a program of study, for the time to 
        credential for a student, or for an award year of a program of 
        study, as applicable, including--
                    ``(A) the tuition and fees normally assessed a 
                student enrolled in such program of study carrying the 
                same academic workload, as determined by the 
                institution; and
                    ``(B) in a case in which the institution requires a 
                student to reside in institutionally owned or operated 
                housing or to use institutionally owned or operated 
                food services, the applicable standard allowance for 
                such housing or food services determined by the 
                institution in accordance with section 472(a)(5).
            ``(4) Amount of grant and scholarship aid.--The term 
        `amount of grant and scholarship aid' means the sum of all of 
        the grant and scholarship aid that is available to the student 
        for the program length of a program of study, for the time to 
        credential for a student, or for an award year of a program of 
        study, as applicable, that a student does not have to repay, 
        including need-based, merit-based, or athletic-based, or 
        another type of grant and scholarship aid, that is--
                    ``(A) offered under title IV;
                    ``(B) offered through other Federal programs;
                    ``(C) offered by the institution;
                    ``(D) offered by a State; or
                    ``(E) offered by any other source.
            ``(5) Net price required for completion.--
                    ``(A) Net price determinations.--
                            ``(i) Total net price required for 
                        completion.--The term `total net price required 
                        for completion' means, with respect to a 
                        student in a program of study--
                                    ``(I) the required costs charged to 
                                such student for the program of study 
                                for the time to credential; minus
                                    ``(II) the amount of grant and 
                                scholarship aid that is available to 
                                the student for such program for the 
                                time to credential.
                            ``(ii) Annual net price required for 
                        completion.--The term `annual net price 
                        required for completion' means, with respect to 
                        a student in a program of study--
                                    ``(I) the required costs charged to 
                                such student for the program of study 
                                for an award year; minus
                                    ``(II) the amount of grant and 
                                scholarship aid that is available to 
                                the student for such program for such 
                                award year.
            ``(6) Net price of attendance.--
                    ``(A) Total net price of attendance.--The term 
                `total net price of attendance' means, with respect to 
                a student in a program of study, the sum of--
                            ``(i) the total net price required for 
                        completion; and
                            ``(ii) the sum, for the time to credential, 
                        of all the costs listed in section 472(a) that 
                        are not required costs.
                    ``(B) Annual net price of attendance.--The term 
                `annual net price of attendance' means, with respect to 
                a student in a program of study, the net price of 
                attendance for a specific year of the program of study, 
                determined by disaggregating the total net price of 
                attendance for the student by each year of the 
                student's time to credential.
            ``(7) Program length.--The term `program length' means the 
        minimum amount of time in weeks, months, or years that is 
        specified in the catalog, marketing materials, or other 
        official publications of an institution of higher education for 
        a full-time student to complete the requirements to obtain the 
        degree or credential awarded for a specific program of study.
            ``(8) Time to credential.--The term `time to credential' 
        means, with respect to a student, the actual amount of time in 
        weeks, months, or years it takes the student to complete the 
        requirements to obtain the degree or credential awarded for a 
        specific program of study.
    ``(b) Consumer Information.--
            ``(1) Availability of information for title iv institutions 
        and programs.--Not later than 18 months after the effective 
        date of this subsection, the Secretary shall, subject to 
        applicable Federal privacy statutes, make publicly available on 
        the College Scorecard website the following information with 
        respect to students of the institution who have received 
        Federal financial assistance described in paragraph (2)(I), for 
        the most recent award year for which such information is 
        available:
                    ``(A) Institutions.--With respect to each 
                institution of higher education that participates in a 
                program under title IV, the following:
                            ``(i) A link to the website of the 
                        institution.
                            ``(ii) A link to the Universal Net Price 
                        calculator described in subsection (c) and, if 
                        applicable, a link to any net price calculator 
                        developed by the institution in accordance with 
                        paragraph (7) of such subsection.
                            ``(iii) Information on the type of 
                        institution, including predominant and highest 
                        credential awarded, research intensity, and 
                        programs of study offered.
                            ``(iv) In the case of an institution that 
                        requires scores for a college entrance 
                        examination (such as the SAT or ACT) to be 
                        submitted, the subject matter scores and 
                        combined scores on such examinations, as 
                        applicable.
                            ``(v) The acceptance rate, determined by 
                        calculating the percentage of individuals who 
                        submitted a completed application to the 
                        institution who were accepted for enrollment.
                            ``(vi) The institution's cohort default 
                        rate, as defined under section 435(m).
                            ``(vii) A link to the website of the 
                        institution containing the information on 
                        campus safety required to be collected under 
                        section 485(i).
                    ``(B) Institutions and programs of study.--With 
                respect to each such institution and to each program of 
                study at each such institution, the following:
                            ``(i) The geographic location.
                            ``(ii) Information on student enrollment, 
                        including the number and percentage of students 
                        enrolled full-time, less than full-time, and 
                        enrolled in distance education.
                            ``(iii) Information on the number of 
                        degree- or certificate-seeking undergraduate 
                        students who have transferred from another 
                        institution.
                            ``(iv) Information on student progression 
                        and completion, including time to credential 
                        and rates of withdrawal, retention, transfer, 
                        or completion.
                            ``(v) Information on college costs and 
                        financial aid, including--
                                    ``(I) the average, median, minimum, 
                                and maximum values of--
                                            ``(aa) the required costs 
                                        for such award year;
                                            ``(bb) the cost of 
                                        attendance for such award year;
                                            ``(cc) the amount of grant 
                                        and scholarship aid received by 
                                        students for such award year;
                                            ``(dd) the information 
                                        described in item (cc) and 
                                        subclause (II)(cc), 
                                        disaggregated--

                                                    ``(AA) by the type 
                                                of source described in 
                                                clauses (i) through (v) 
                                                of subsection 
                                                (a)(5)(C); and

                                                    ``(BB) by whether 
                                                such aid is need-based, 
                                                merit-based, or 
                                                athletic-based, or is 
                                                another type of aid; 
                                                and

                                    ``(II) with respect to students who 
                                completed a credential during the most 
                                recent award year, the average, median, 
                                minimum, and maximum values of--
                                            ``(aa) the program length;
                                            ``(bb) the time to 
                                        credential;
                                            ``(cc) the amount of grant 
                                        and scholarship aid received 
                                        for the time to credential;
                                            ``(dd) the total net price 
                                        required for completion 
                                        (determined for the institution 
                                        based on the total net price 
                                        required for completion for all 
                                        programs of study); and
                                            ``(ee) the total net price 
                                        required for attendance 
                                        (determined for the institution 
                                        based on the total net price 
                                        required for attendance for all 
                                        programs of study);
                                    ``(III) the number and percentage 
                                of students receiving any amount of 
                                grant and scholarship aid for such 
                                award year, and with respect to 
                                students who completed a credential 
                                during the most recent award year, the 
                                number and percentage of such students 
                                receiving any amount of grant and 
                                scholarship aid for the time to 
                                credential;
                                    ``(IV) the average annual 
                                percentage change and average annual 
                                dollar change in the required costs for 
                                each of the three most recent academic 
                                years for which data are available; and
                                    ``(V) the average annual percentage 
                                change and average annual dollar change 
                                in the total and annual net price 
                                required for completion for each of the 
                                three most recent academic years for 
                                which data are available.
                            ``(vi) Information on student debt and 
                        repayment, including--
                                    ``(I) the average, median, minimum, 
                                and maximum amounts borrowed by 
                                students under title IV;
                                    ``(II) information with respect to 
                                repayment of loans made under title IV, 
                                including borrower-based repayment 
                                rates, dollar-based repayment rates, 
                                and time spent in repayment; and
                                    ``(III) the number and percentage 
                                of students who--
                                            ``(aa) are borrowers of a 
                                        loan made under title IV;
                                            ``(bb) are not borrowers of 
                                        a loan made under title IV, but 
                                        have at least one parent who is 
                                        a borrower of a loan made under 
                                        title IV on behalf of the 
                                        student; and
                                            ``(cc) are borrowers of a 
                                        loan made under title IV, and 
                                        have at least one parent who is 
                                        a borrower of a loan made under 
                                        title IV on behalf of the 
                                        student.
                            ``(vii) Information on the earnings of 
                        students, including the average, median, 
                        minimum, and maximum values of--
                                    ``(I) with respect to students who 
                                complete a program of study in the most 
                                recent award year for which data are 
                                available--
                                            ``(aa) the annual earnings 
                                        of such students; and
                                            ``(bb) the value-added 
                                        earnings (as defined in section 
                                        481(b)(3)(A)(iv)) of such 
                                        students; and
                                    ``(II) the annual earnings of 
                                students who were enrolled in the 
                                institution during the most recent 
                                award year for which data are available 
                                in a program of study, and who at the 
                                time the information is reported--
                                            ``(aa) have not completed 
                                        such program of study; and
                                            ``(bb) are not enrolled at 
                                        the institution in any program 
                                        of study.
                    ``(C) Programs of study.--With respect to each 
                program of study at each such institution, the 
                credential awarded for completion of the program of 
                study.
            ``(2) Disaggregated information.--The Secretary shall, 
        subject to applicable Federal privacy statutes, ensure the 
        information described in paragraph (1) is disaggregated, as 
        applicable, by the following student characteristics:
                    ``(A) Financial circumstances including--
                            ``(i) household income categories, as 
                        determined by students' and families' adjusted 
                        gross income; and
                            ``(ii) student aid index categories, as 
                        determined by the Secretary.
                    ``(B) Sex.
                    ``(C) Race and ethnicity.
                    ``(D) Classification as a student with a 
                disability.
                    ``(E) Enrollment status, including part-time or 
                full-time enrollment, and status as a distance 
                education student.
                    ``(F) Status as a first year, second year, third 
                year, or subsequent year student, based on the number 
                of years a student has been enrolled at the institution 
                or in the program of study, as applicable.