I 
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 fol-
lowing bill; which was referred to the Committee on Education and Work-
force 
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 Representa-
tives 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 CON-
SUMERS. 
(a) AMENDMENT.—Section 132 of the Higher Edu-
cation Act of 1965 (20 U.S.C. 1015a) is amended— 
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(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 sec-
tion 472(a). 
‘‘(3) REQUIRED
COSTS.—The term ‘required 
costs’ means the sum of all the items listed in sec-
tion 472(a) that are required by an institution of 
higher education for a program of study for the pro-
gram 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 deter-
mined by the institution; and 
‘‘(B) in a case in which the institution re-
quires a student to reside in institutionally 
owned or operated housing or to use institution-
ally owned or operated food services, the appli-
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cable 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 scholar-
ship aid that is available to the student for the pro-
gram 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 pro-
grams; 
‘‘(C) offered by the institution; 
‘‘(D) offered by a State; or 
‘‘(E) offered by any other source. 
‘‘(5) NET
PRICE
REQUIRED
FOR
COMPLE-
TION.— 
‘‘(A) NET PRICE DETERMINATIONS.— 
‘‘(i) TOTAL NET PRICE REQUIRED FOR 
COMPLETION.—The term ‘total net price 
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required for completion’ means, with re-
spect 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
ATTEND-
ANCE.—The term ‘total net price of attendance’ 
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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 creden-
tial, of all the costs listed in section 472(a) 
that are not required costs. 
‘‘(B) ANNUAL
NET
PRICE
OF
ATTEND-
ANCE.—The term ‘annual net price of attend-
ance’ means, with respect to a student in a pro-
gram of study, the net price of attendance for 
a specific year of the program of study, deter-
mined 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 cata-
log, marketing materials, or other official publica-
tions 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 pro-
gram of study. 
‘‘(8) TIME TO CREDENTIAL.—The term ‘time to 
credential’ means, with respect to a student, the ac-
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tual 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 spe-
cific 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 sub-
section, the Secretary shall, subject to applicable 
Federal privacy statutes, make publicly available on 
the College Scorecard website the following informa-
tion 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 insti-
tution. 
‘‘(ii) A link to the Universal Net Price 
calculator described in subsection (c) and, 
if applicable, a link to any net price calcu-
lator developed by the institution in ac-
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cordance with paragraph (7) of such sub-
section. 
‘‘(iii) Information on the type of insti-
tution, 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 ex-
amination (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 en-
rollment. 
‘‘(vi) The institution’s cohort default 
rate, as defined under section 435(m). 
‘‘(vii) A link to the website of the in-
stitution 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 
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and to each program of study at each such in-
stitution, the following: 
‘‘(i) The geographic location. 
‘‘(ii) Information on student enroll-
ment, including the number and percent-
age of students enrolled full-time, less than 
full-time, and enrolled in distance edu-
cation. 
‘‘(iii) Information on the number of 
degree- 
or 
certificate-seeking 
under-
graduate students who have transferred 
from another institution. 
‘‘(iv) Information on student progres-
sion and completion, including time to cre-
dential and rates of withdrawal, retention, 
transfer, or completion. 
‘‘(v) Information on college costs and 
financial aid, including— 
‘‘(I) the average, median, min-
imum, and maximum values of— 
‘‘(aa) the required costs for 
such award year; 
‘‘(bb) the cost of attendance 
for such award year; 
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‘‘(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 bor-
rower 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 earn-
ings 
(as 
defined 
in 
section 
481(b)(3)(A)(iv)) of such stu-
dents; and 
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‘‘(II) the annual earnings of stu-
dents who were enrolled in the institu-
tion 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 institu-
tion, 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 para-
graph (1) is disaggregated, as applicable, by the fol-
lowing student characteristics: 
‘‘(A) Financial circumstances including— 
‘‘(i) household income categories, as 
determined by students’ and families’ ad-
justed gross income; and 
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‘‘(ii) student aid index categories, as 
determined by the Secretary. 
‘‘(B) Sex. 
‘‘(C) Race and ethnicity. 
‘‘(D) Classification as a student with a dis-
ability. 
‘‘(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 en-
rolled at the institution or in the program of 
study, as applicable. 
‘‘(G) Status as an in-district, in-State, or 
out-of-State student. 
‘‘(H) Status as an international student. 
‘‘(I) The type of Federal financial assist-
ance received, including— 
‘‘(i) a Pell Grant; 
‘‘(ii) a loan made under title IV; and 
‘‘(iii) assistance described in section 
131(f)(4) administered, sponsored, or sup-
ported by the Department of Defense or 
the Department of Veterans Affairs. 
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‘‘(J) Status as a participant in a program 
described in section 116(b)(3)(A)(ii) of the 
Workforce Innovation and Opportunity Act (29 
U.S.C. 3141(b)(3)(A)(ii)). 
‘‘(3) ACCESS
AND
COMPARISONS.—The Sec-
retary shall ensure that the College Scorecard 
website— 
‘‘(A) includes a method for users to easily 
compare institutions and programs, including in 
a manner that allows for such comparison 
based on— 
‘‘(i) the institutional and program in-
formation described in paragraph (1); and 
‘‘(ii) the student characteristics de-
scribed in paragraph (2); and 
‘‘(B) provides access to information in an 
electronic and downloadable format. 
‘‘(4) ANNUAL UPDATES; ADJUSTMENTS.— 
‘‘(A) ANNUAL DATA.—The Secretary shall 
annually update the data on the College Score-
card website required under this subsection. 
‘‘(B) ADJUSTMENTS.—The Secretary may 
adjust the data required under subclauses (III) 
and (IV) of paragraph (1)(B)(v) using the Con-
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sumer Price Index if the Secretary determines 
such adjustment is necessary. 
‘‘(5) DATA
COLLECTION.—The Commissioner 
for Education Statistics shall continue to update and 
improve the Integrated Postsecondary Education 
Data System (referred to in this section as 
‘IPEDS’), including the reporting of information by 
institutions and the timeliness of the data collected. 
‘‘(c) UNIVERSAL NET PRICE CALCULATOR.— 
‘‘(1) ESTABLISHMENT.—Not later than 18 
months after the effective date of this subsection, 
the Secretary shall establish, on a dedicated website 
of the Department, a Universal Net Price Calculator 
that— 
‘‘(A) allows an individual to select one or 
more institutions of higher education and one 
or more programs of study offered by each se-
lected institution for which estimates shall be 
calculated; 
‘‘(B) makes available to the individual, 
with respect to each selected institution and 
each selected program of study, the individ-
ual’s— 
‘‘(i) annual estimated net price re-
quired for completion for each year of ex-
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pected enrollment based on the program 
length of a program of study, based on the 
average annual net price required for com-
pletion for similarly situated students 
(based on the individual’s information de-
scribed in subparagraph (C)(iv)) for such 
institution or program for the most recent 
award year, adjusted in accordance with 
clauses (i) through (iii) of subparagraph 
(C); 
‘‘(ii) total estimated net price required 
for completion equal to the sum of the an-
nual estimated net price required for com-
pletion for each year described in clause 
(i); 
‘‘(iii) annual estimated net price of at-
tendance for each year of expected enroll-
ment based on the program length of a 
program of study, based on the average 
annual net price of attendance for similarly 
situated students (based on the individual’s 
information described in subparagraph 
(C)(iv)) for such institution or program for 
the most recent award year, adjusted in 
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accordance with clauses (i) through (iii) of 
subparagraph (C); and 
‘‘(iv) total estimated net price of at-
tendance equal to the sum of the annual 
estimated net price of attendance for each 
year described in clause (iii); and 
‘‘(C) with respect to calculating net price 
estimates as required by subparagraph (B)— 
‘‘(i) determines an estimated annual 
percentage change for each year for which 
a net price calculation is made, based on 
the annual percentage change in an insti-
tution’s or program’s required costs and 
other costs under section 472(a), as appli-
cable, for the most recent three-year period 
for which such data are reported; 
‘‘(ii) provides the individual with the 
option to replace the estimated annual per-
centage change described in clause (i) with 
an alternative annual percentage change 
specified by the individual; 
‘‘(iii) in the case of an institution that 
offers a multi-year tuition or net price 
guarantee program, allow the individual to 
have net price estimates calculated based 
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on the provisions of such guarantee pro-
gram; and 
‘‘(iv) uses the individual’s information, 
based on— 
‘‘(I) the single set of questions 
developed by the Secretary in accord-
ance with paragraph (5); 
‘‘(II) the student-level data ele-
ments reported by institutions in ac-
cordance with section 668.408 of title 
34, Code of Federal Regulations (or 
successor regulations); 
‘‘(III) in the case of an individual 
who submits a Free Application for 
Federal Student Aid described in sec-
tion 483, the contents of such applica-
tion; and 
‘‘(IV) any additional information 
provided by the individual with re-
spect to the individual’s grant and 
scholarship aid; 
‘‘(D) includes a method for users to easily 
compare institutions and programs; and 
‘‘(E) provides access to information in an 
electronic and downloadable format. 
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‘‘(5) DEVELOPMENT OF INPUT QUESTIONS.— 
The Secretary shall develop a single set of questions 
for purposes of capturing the information specified 
in subsection (b)(2). 
‘‘(6) UPDATES.— 
‘‘(A) DATA.—The Secretary shall update 
the data on the Universal Net Price Calculator 
Website, as required under this subsection, not 
less than annually. 
‘‘(B) TECHNOLOGY
AND
FORMAT.—The 
Secretary shall regularly assess the format and 
technology of the Universal Net Price Calcu-
lator website and make any changes or updates 
that the Secretary considers appropriate. 
‘‘(7) INTEGRATION WITH OTHER FEDERAL FI-
NANCIAL AID RESOURCES.—In accordance with sub-
section (d)(5) of section 483, the Secretary shall en-
sure that a website link or other means of accessing 
the Universal Net Price Calculator is included on 
the FAFSA website (or similar successor website). 
‘‘(8) INTERAGENCY COORDINATION.—The Sec-
retary, in consultation with each appropriate head of 
a department or agency of the Federal Government, 
shall ensure, to the greatest extent practicable, that 
any information related to higher education that is 
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published by such department or agency is con-
sistent with the information published on the Uni-
versal Net Price Calculator website. 
‘‘(9) CONSUMER TESTING.—In developing and 
maintaining the College Scorecard website and the 
Universal Net Price Calculator website, the Sec-
retary, in consultation with each appropriate head of 
each appropriate department and agency of the Fed-
eral Government shall— 
‘‘(A) not later than 6 months after the 
date of the effective date of this subsection, and 
not less than once every 4 years thereafter, con-
duct consumer testing with appropriate persons, 
including current and prospective college stu-
dents, family members of such students, institu-
tions of higher education, and experts, to— 
‘‘(i) improve the usefulness and rel-
evance of the College Scorecard website, 
with respect to the presentation of the con-
sumer information collected subsection (b); 
and 
‘‘(ii) ensure that the Universal Net 
Price Calculator website is usable and eas-
ily understandable and provides useful and 
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relevant information to students and fami-
lies; and 
‘‘(B) display prominently on such websites 
in simple, understandable, and unbiased terms 
for the most recent academic year for which 
satisfactory data is available, the categories of 
information described in paragraphs (1) and (2) 
of subsection (b) and paragraph (1)(B) of this 
subsection that were determined to be useful 
and relevant to students and families based on 
the consumer testing described in subparagraph 
(A). 
‘‘(10) USE OF NET PRICE CALCULATOR BY IN-
STITUTIONS.—Not later than two years after the 
date on which the Secretary makes the calculator de-
veloped under paragraph (1) available to institutions 
of higher education, each institution of higher edu-
cation that receives Federal funds under title IV 
shall make publicly available on the institution’s 
website a net price calculator to provide to current 
and prospective students, families, and other con-
sumers a student’s individual net price estimates at 
such institution of higher education. Such calculator 
may be a net price calculator developed— 
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‘‘(A) by the Department pursuant to para-
graph (1); or 
‘‘(B) by the institution of higher education, 
if the institution’s calculator includes, at a min-
imum, the same data elements included in the 
calculator developed under paragraph (1). 
‘‘(11) NOTICE.—A net price estimate calculated 
for an individual using the Universal Net Price Cal-
culator under this subsection shall be accompanied 
by a clear and conspicuous notice— 
‘‘(A) stating that the estimate— 
‘‘(i) does not represent a final deter-
mination, or actual award, of financial as-
sistance; 
‘‘(ii) shall not be binding on the Sec-
retary, an institution of higher education, 
or a State; and 
‘‘(iii) may change; 
‘‘(B) stating that an individual must com-
plete the Free Application for Federal Student 
Aid described in section 483 in order to be eli-
gible for, and receive, an actual financial aid 
award that includes Federal grant, loan, or 
work-study assistance under title IV; and 
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‘‘(C) including a link to the website of the 
Department that allows individuals to access 
the Free Application for Federal Student Aid 
described in section 483.’’; and 
(b) CONFORMING AMENDMENT.—Section 132 of the 
Higher Education Act of 1965 (20 U.S.C. 1015a) is fur-
ther amended by redesignating subsections (k) and (l) as 
subsections (d) and (e), respectively. 
SEC. 3. OTHER AMENDMENTS. 
(a) COST
OF ATTENDANCE
OF
A PROGRAM
OF 
STUDY.— 
(1) DETERMINATION OF COST OF ATTENDANCE 
OF A PROGRAM OF STUDY.— 
(A) IN GENERAL.—Section 472(a) of the 
Higher Education Act of 1965 (20 U.S.C. 
1087ll(a)) is amended— 
(i) in paragraph (1), by striking ‘‘car-
rying the same academic workload’’ and in-
serting ‘‘enrolled in the same program of 
study and carrying the same academic 
workload’’; 
(ii) in paragraph (2), by striking 
‘‘same course of study’’ and inserting 
‘‘same program of study’’; and 
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(iii) in paragraph (14), by striking 
‘‘program’’ and inserting ‘‘program of 
study’’. 
(2) DISCLOSURE.—Section 472(c) of the High-
er Education Act of 1965 (20 U.S.C. 1087ll(c)) is 
amended— 
(A) by inserting ‘‘of each program of study 
at the institution’’ after ‘‘cost of attendance’’; 
and 
(B) by striking ‘‘of the institution’’ and in-
serting ‘‘of such programs of study at the insti-
tution’’. 
(b) PROGRAM OF STUDY DEFINED.—Section 103 of 
the Higher Education Act of 1965 (20 U.S.C. 1003) is 
amended— 
(1) by redesignating paragraphs (15) through 
(24) as paragraphs (16) through (25), respectively; 
and 
(2) by inserting after paragraphs (14) the fol-
lowing new paragraph: 
‘‘(14) PROGRAM OF STUDY DEFINED.— 
‘‘(A) IN GENERAL.—The term ‘program of 
study’— 
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‘‘(i) means an eligible program at an 
institution of higher education that is clas-
sified by a combination of— 
‘‘(I) one or more CIP codes; and 
‘‘(II) one credential level, deter-
mined by the credential awarded upon 
completion of the program; and 
‘‘(ii) does not include a program of 
study abroad. 
‘‘(B) CIP CODE.—The term ‘CIP code’ 
means the six-digit taxonomic identification 
code assigned by an institution of higher edu-
cation to a specific program of study at the in-
stitution, determined by the institution of high-
er education in accordance with the Classifica-
tion of Instructional Programs published by the 
National Center for Education Statistics. 
‘‘(C) CREDENTIAL LEVEL.— 
‘‘(i) IN GENERAL.—The term ‘creden-
tial level’ means the level of the degree or 
other credential awarded by an institution 
of higher education to students who com-
plete a program of study of the institution. 
Each degree or other credential awarded 
by an institution shall be categorized by 
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the institution as either undergraduate cre-
dential level or graduate credential level. 
‘‘(ii) 
UNDERGRADUATE
CREDEN-
TIAL.—When used with respect to a cre-
dential or credential level, the term ‘under-
graduate credential’ includes credentials 
such as an undergraduate certificate, an 
associate degree, a bachelor’s degree, and a 
post-baccalaureate 
certificate 
(including 
the coursework specified in paragraphs 
(3)(B) and (4)(B) of section 484(b)). 
‘‘(iii) 
GRADUATE
CREDENTIAL.— 
When used with respect to a credential or 
credential level, the term ‘graduate creden-
tial’ includes credentials such as a master’s 
degree, a doctoral degree, a professional 
degree (as defined under section 668.2 of 
title 34, Code of Federal Regulations), and 
a postgraduate certificate.’’. 
(c) ELIMINATION OF EARLY ESTIMATOR TOOL.— 
Paragraph (4) of section 485E(b) of the Higher Education 
Act of 1965 (20 U.S.C. 1092f(b)) is repealed. 
(d) CONFORMING AMENDMENTS.— 
(1) HIGHER
EDUCATION
ACT
OF
1965.—The 
Higher Education Act of 1965 (20 U.S.C. 1001 et 
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seq.), as amended by this Act, is further amended by 
striking ‘‘College Navigator’’ each place it appears 
and inserting ‘‘College Scorecard’’. 
(2) OTHER
REFERENCES.—Any reference in 
any law (other than the Higher Education Act of 
1965 (20 U.S.C. 1001 et seq.)), regulation, docu-
ment, record, or other paper of the United States to 
the College Navigator website shall be considered to 
be a reference to the College Scorecard website. 
SEC. 4. EFFECTIVE DATE. 
This Act and the amendments made by this Act shall 
take effect on July 1, 2027, and shall apply with respect 
to award year 2027–2028 and each subsequent award 
year, as determined under the Higher Education Act of 
1965. 
Æ 
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