HR6498119th CongressWALLET

Student Financial Clarity Act of 2025

Sponsored By: Representative Guthrie, Brett [R-KY-2]

In Committee

Summary

This bill would force clearer, standardized, program-level reporting of college costs, aid, and student outcomes to the federal College Scorecard, and create a Department-run Universal Net Price Calculator. It focuses on uniform definitions of cost and net price and on program-level transparency so students can compare real costs and outcomes across programs and schools.

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Bill Overview

Analyzed Economic Effects

3 provisions identified: 2 benefits, 1 costs, 0 mixed.

Federal net price calculator for colleges

This bill would require the Department to build a Universal Net Price Calculator on its website within 18 months after July 1, 2027. If enacted, you would be able to pick colleges and programs and get annual and total net price estimates for completion and for attendance. The calculator would use the Secretary's standard questions, recent award-year and student-level data (including FAFSA when available), let you change the assumed annual price-change rate, reflect multi-year guarantees, and let you download results.

Program-level College Scorecard data

This bill would define a 'program of study' by six-digit CIP code plus a credential level and exclude programs abroad. If enacted, the Secretary would publish program- and institution-level College Scorecard data for Title IV institutions, starting for award year 2027–2028 and later. The Scorecard would show costs, grant and scholarship shares, net price for completion, borrowing and repayment, completion and earnings, and other measures. The Secretary would have 18 months after July 1, 2027 to publish required data and must update it each year.

Early college cost estimator ends

This bill would repeal the statute that authorizes the Department's Early Estimator Tool. If enacted, the tool would end on July 1, 2027. Students and families would lose this quick source of preliminary college cost estimates.

Sponsors & CoSponsors

Sponsor

Guthrie, Brett [R-KY-2]

KY • R

Cosponsors

  • Onder

    MO • R

    Sponsored 12/9/2025

  • Trahan

    MA • D

    Sponsored 12/9/2025

  • Norcross

    NJ • D

    Sponsored 12/10/2025

  • Rep. Vindman, Eugene Simon [D-VA-7]

    VA • D

    Sponsored 12/16/2025

Roll Call Votes

No roll call votes available for this bill.

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