Title 20 › Chapter 28— HIGHER EDUCATION RESOURCES AND STUDENT ASSISTANCE › Subchapter I— GENERAL PROVISIONS › Part C— Cost of Higher Education › § 1015
Create clear, national rules for how colleges report their costs and then collect and share that information so families can compare schools. The Commissioner of Education Statistics must lead meetings to set common ways to count costs. Using those rules, the Education Department must change its data systems. The Commissioner must make standard definitions for: tuition and fees for a full‑time undergraduate, cost of attendance, average financial aid amounts (covering federal aid types, fellowships, and institutional or other aid), and the number of students getting each type. Those definitions had to be sent to every college within 90 days after October 7, 1998, and the Department must start collecting the data for Title IV colleges beginning with the 2000–2001 school year and every year after. The Department must publish the data so parents and students can easily compare typical full‑time undergraduate costs. The Commissioner must also do a national study of college spending (tuition versus inflation, faculty pay and benefits, admin costs, academic support, research, maintenance, and building/equipment costs), study how spending and aid practices affect tuition, and send the report to Congress by September 30, 2002. The Bureau of Labor Statistics must create a higher education “market basket” and report by September 30, 2002. The Secretary may fine a college up to $25,000 for failing to provide accurate cost data or to cooperate. Build and promote easy, free websites that help students and special groups find aid. The Department must put a clear link to the Federal student aid website on its homepage, keep improving the college planning and aid information, run a major media campaign, and create one easy-to-find site that includes the public cost data, military/veteran aid info, and non‑Department financial aid programs. The Department, with Defense and Veterans Affairs, must make a searchable military/veteran aid website available within one year after August 14, 2008, and widely tell service members, veterans, families, schools, and the public about it. Definitions: “Federal and State student financial assistance” = grants, loans, work aid, tuition help, scholarships, fellowships, or other aid run or supported by the Department of Education, Department of Defense, Department of Veterans Affairs, or a State for service members, veterans, or their dependents. “Nondepartmental student financial assistance program” = aid paid directly to a student that is run by a federal agency other than the Department of Education. The Secretary must get program details from other federal agencies and put them on the student aid website within 90 days after receiving the information. The Department must also create and keep a searchable STEM Database of scholarships and fellowships, with search and match tools, contact info, and clear notices for users, and may hire a private contractor to run it. The Department must keep spreading word about these tools to schools and the public. No one may be charged to access these Department websites or the information on them.
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Reference
Citation
20 U.S.C. § 1015
Title 20 — Education
Last Updated
Apr 5, 2026
Release point: 119-73not60