I 
119TH CONGRESS 
1ST SESSION H. R. 3153 
To require a standard financial aid offer form, and for other purposes. 
IN THE HOUSE OF REPRESENTATIVES 
MAY 1, 2025 
Mrs. KIM (for herself and Mr. KRISHNAMOORTHI) introduced the following 
bill; which was referred to the Committee on Education and Workforce 
A BILL 
To require a standard financial aid offer form, 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 ‘‘Understanding the 
True Cost of College Act of 2025’’. 
SEC. 2. FINANCIAL AID OFFER FORM. 
Section 484 of the Higher Education Opportunity 
Act (20 U.S.C. 1092 note) is amended to read as follows: 
‘‘SEC. 484. FINANCIAL AID OFFER FORM. 
‘‘(a) STANDARD FORM
AND TERMINOLOGY.—The 
Secretary of Education, in consultation with the heads of 
VerDate Sep 11 2014 
23:32 Jun 06, 2025
Jkt 059200
PO 00000
Frm 00001
Fmt 6652
Sfmt 6201
E:\BILLS\H3153.IH
H3153
ssavage on LAPJG3WLY3PROD with BILLS
relevant Federal agencies, shall develop standard termi-
nology and a standard form for financial aid offers based 
on recommendations from representatives of students, vet-
erans, servicemembers, students’ families, institutions of 
higher education (including community colleges, for-profit 
institutions, 4-year public institutions, and 4-year private 
nonprofit institutions), financial aid experts, secondary 
school and postsecondary counselors, college access profes-
sionals, nonprofit organizations, and consumer groups. 
‘‘(b) KEY REQUIRED CONTENTS FOR AID OFFER.— 
The standard form developed pursuant to subsection (a) 
shall be titled ‘Financial Aid Offer’ and shall include the 
following items in a consumer-friendly manner that is sim-
ple and understandable, with costs listed first followed by 
grants and scholarships, clearly separated from each other 
with separate headings: 
‘‘(1) COST INFORMATION.— 
‘‘(A) IN
GENERAL.—Information on the 
student’s estimated cost of attendance, includ-
ing the following: 
‘‘(i) DIRECT COSTS.—The total cost of 
all items described in section 472 of the 
Higher Education Act of 1965 (20 U.S.C. 
1087ll) that are billed to the student by 
the institution or otherwise required by the 
VerDate Sep 11 2014 
23:32 Jun 06, 2025
Jkt 059200
PO 00000
Frm 00002
Fmt 6652
Sfmt 6201
E:\BILLS\H3153.IH
H3153
ssavage on LAPJG3WLY3PROD with BILLS
institution for enrollment, including such 
total cost disaggregated by the cost of each 
such item, including, as determined under 
such section— 
‘‘(I) tuition and fees (and other 
required expenses); and 
‘‘(II) housing and food for a stu-
dent participating in institutionally 
owned or operated food services or in-
stitutionally owned or operated hous-
ing. 
‘‘(ii) INDIRECT COSTS.—The total cost 
of all items described in section 472 of the 
Higher Education Act of 1965 (20 U.S.C. 
1087ll) that are not billed to the student 
by the institution or otherwise required by 
the institution for enrollment, including 
such total cost disaggregated by the cost of 
each such item, including, as determined 
under such section— 
‘‘(I) the component totals each 
for housing and food costs for stu-
dents who reside off-campus or off 
campus with family; 
VerDate Sep 11 2014 
23:32 Jun 06, 2025
Jkt 059200
PO 00000
Frm 00003
Fmt 6652
Sfmt 6201
E:\BILLS\H3153.IH
H3153
ssavage on LAPJG3WLY3PROD with BILLS
‘‘(II) books, supplies, equipment, 
course materials, and rental or pur-
chase of a personal computer; and 
‘‘(III) transportation. 
‘‘(B) ACADEMIC
PERIOD.—The academic 
period covered by the Financial Aid Offer, and 
an explanation that the amount of financial aid 
offered may change— 
‘‘(i) for academic periods not covered 
by the Financial Aid Offer; or 
‘‘(ii) by program. 
‘‘(C) ENROLLMENT
STATUS.—An indica-
tion of whether cost and aid estimates are 
based on full-time or part-time enrollment. 
‘‘(D) ESTIMATED OR SET.—An indication, 
as applicable, about whether the tuition and 
fees are estimated based on the previous year, 
or are set, for the academic period indicated in 
accordance with subparagraph (B). 
‘‘(2) GRANTS AND SCHOLARSHIPS.—The aggre-
gate amount of grants and scholarships, differen-
tiated by source, that the student does not have to 
repay, such as grant aid offered under title IV of the 
Higher Education Act of 1965 (20 U.S.C. 1070 et 
seq.) and grant aid offered through other Federal 
VerDate Sep 11 2014 
23:32 Jun 06, 2025
Jkt 059200
PO 00000
Frm 00004
Fmt 6652
Sfmt 6201
E:\BILLS\H3153.IH
H3153
ssavage on LAPJG3WLY3PROD with BILLS
‘‘(i) the cost of attendance as de-
scribed in paragraph (1)(A) for the stu-
dent for the period indicated in paragraph 
(1)(B); minus 
‘‘(ii) the amount of grant and scholar-
ship aid described in paragraph (2) that is 
included in the Financial Aid Offer. 
‘‘(B) DISCLOSURE.—A disclosure that the 
net price is an estimate of the total expenses 
for the year and not equivalent to the amount 
the student will owe directly to the institution. 
‘‘(4) LOANS.— 
‘‘(A) IN
GENERAL.—Information on any 
loan under part D of title IV of the Higher 
Education Act of 1965 (20 U.S.C. 1087a et 
seq.) (except a Federal Direct PLUS Loan 
under part D of that Act) that the institution 
recommends for the student for the academic 
period covered by the Financial Aid Offer, 
which shall be made— 
‘‘(i) with clear use of the word ‘loan’ 
to 
describe 
the 
recommended 
loan 
amounts; and 
‘‘(ii) with clear labeling of subsidized 
and unsubsidized loans. 
VerDate Sep 11 2014 
23:32 Jun 06, 2025
Jkt 059200
PO 00000
Frm 00006
Fmt 6652
Sfmt 6201
E:\BILLS\H3153.IH
H3153
ssavage on LAPJG3WLY3PROD with BILLS
‘‘(B) DISCLOSURE
ON
REPAYMENT.—A 
disclosure that such loans have to be repaid and 
a disclosure that the student can borrow a less-
er or, if applicable, greater amount than the 
recommended loan amount. 
‘‘(C) DISCLOSURE
ON
INTEREST
RATES 
AND FEES.—A disclosure that the interest rates 
and fees on such loans are set annually and af-
fect total cost over time, and a link to a De-
partment of Education website that includes 
current information on interest rates and fees. 
‘‘(D) 
LINK
TO
REPAYMENT
CALCU-
LATOR.—A link to the Department of Edu-
cation’s repayment calculator website for stu-
dents with instruction that this website contains 
customizable estimates of expected repayment 
costs under different loan repayment plans. 
‘‘(5) PROCESS FOR ACCEPTING, ADJUSTING, OR 
DECLINING AID AND NEXT STEPS.— 
‘‘(A) IN GENERAL.—The deadlines and a 
summary of the process (including the next 
steps) for— 
‘‘(i) accepting the financial aid of-
fered; 
VerDate Sep 11 2014 
23:32 Jun 06, 2025
Jkt 059200
PO 00000
Frm 00007
Fmt 6652
Sfmt 6201
E:\BILLS\H3153.IH
H3153
ssavage on LAPJG3WLY3PROD with BILLS
‘‘(ii) adjusting the amount of financial 
aid offered; and 
‘‘(iii) declining the financial aid of-
fered. 
‘‘(B) INFORMATION ON PAYING COSTS.— 
Information on when and how costs described 
in paragraph (1)(A)(i) must be paid, including 
a clear indication of whether such cost is re-
quired or optional for the student. 
‘‘(C) DISCLOSURE
ON
VERIFICATION
OF 
INFORMATION.—A disclosure that verification 
of information provided on the Free Application 
for Federal Student Aid may require the stu-
dent to submit further documentation. 
‘‘(D) CONTACT
INFORMATION.—Informa-
tion about where a student or the student’s 
family can seek additional information regard-
ing the financial aid offered, including contact 
information for the institution’s financial aid of-
fice and the Department of Education’s website 
on financial aid. 
‘‘(6) ADDITIONAL
INFORMATION.—Any other 
information the Secretary of Education, in consulta-
tion with the heads of relevant Federal agencies, in-
cluding the Secretary of the Treasury and the Direc-
VerDate Sep 11 2014 
23:32 Jun 06, 2025
Jkt 059200
PO 00000
Frm 00008
Fmt 6652
Sfmt 6201
E:\BILLS\H3153.IH
H3153
ssavage on LAPJG3WLY3PROD with BILLS
tor of the Bureau of Consumer Financial Protection, 
determines necessary (based on the results of the 
consumer testing under subsection (g)(2)) so that 
students and parents can make informed loan bor-
rowing decisions, which may include— 
‘‘(A) the most recent cohort default rate, 
as defined in section 435(m) of the Higher 
Education Act of 1965 (20 U.S.C. 1085(m)), 
with respect to an institution where more than 
30 percent of enrolled students borrow loans to 
pay for their education, and a comparison to 
the national average cohort default rate; 
‘‘(B) the percentage of students at the in-
stitution who borrow student loans; 
‘‘(C) the median loan debt at graduation 
for students at the institution (clearly marked 
as including only Federal loans if private loan 
data are not available to be included); and 
‘‘(D) any additional calculations deter-
mined necessary for ensuring that students un-
derstand full college costs, financial aid gaps, 
and options for covering those gaps. 
‘‘(c) OTHER REQUIRED CONTENTS FOR FINANCIAL 
AID OFFER.—The standard form developed under sub-
section (a) shall include, in addition to the information 
VerDate Sep 11 2014 
23:32 Jun 06, 2025
Jkt 059200
PO 00000
Frm 00009
Fmt 6652
Sfmt 6201
E:\BILLS\H3153.IH
H3153
ssavage on LAPJG3WLY3PROD with BILLS
described in subsection (b), to be included on the Finan-
cial Aid Offer in a concise format determined by the Sec-
retary of Education, in consultation with the heads of rel-
evant Federal agencies and the individuals and entities de-
scribed in subsection (a), the following information: 
‘‘(1) ADDITIONAL
OPTIONS.—At the institu-
tion’s discretion— 
‘‘(A) additional options and potential re-
sources for paying for the amount listed in sub-
section (b)(3), such as tuition payment plans 
and the terms and conditions of those plans; 
and 
‘‘(B) a disclosure that Federal Direct 
PLUS Loans made under part D of title IV of 
the Higher Education Act of 1965 (20 U.S.C. 
1087a et seq.), private education loans, or other 
financing products may be available to cover re-
maining need, except that the institution— 
‘‘(i) may not include an amount for 
such Federal Direct PLUS Loans, private 
education loans, or other financing prod-
ucts; and 
‘‘(ii) shall include a disclosure that 
such loans and agreements— 
VerDate Sep 11 2014 
23:32 Jun 06, 2025
Jkt 059200
PO 00000
Frm 00010
Fmt 6652
Sfmt 6201
E:\BILLS\H3153.IH
H3153
ssavage on LAPJG3WLY3PROD with BILLS
‘‘(I) are subject to an additional 
application process and have to be re-
paid by the borrower; 
‘‘(II) may not be eligible for all 
the benefits available for Federal Di-
rect Stafford Loans or Federal Direct 
Unsubsidized Stafford Loans. 
‘‘(2) INFORMATION
ON
PRIVATE
EDUCATION 
LOANS AND OTHER FINANCING PRODUCTS.—The fol-
lowing information relating to private education 
loans and other financing products: 
‘‘(A) A disclosure that students consid-
ering borrowing to cover the cost of attendance 
should consider available Federal student loans 
prior to applying for private education loans or 
other financing products, including an expla-
nation that Federal student loans offer gen-
erally more favorable terms and beneficial re-
payment options than private education loans 
and other financing products. 
‘‘(B) The impact of a proposed private 
education loan or other financing product on 
the student’s potential eligibility for other fi-
nancial assistance, including Federal financial 
VerDate Sep 11 2014 
23:32 Jun 06, 2025
Jkt 059200
PO 00000
Frm 00011
Fmt 6652
Sfmt 6201
E:\BILLS\H3153.IH
H3153
ssavage on LAPJG3WLY3PROD with BILLS
assistance under title IV of the Higher Edu-
cation Act of 1965 (20 U.S.C. 1070 et seq.). 
‘‘(C) A statement explaining the student’s 
ability to select a private educational lender or 
other financing product provider of the stu-
dent’s choice. 
‘‘(3) STUDENT EMPLOYMENT.—Information on 
work-study employment opportunities offered in ac-
cordance with part C of title IV of the Higher Edu-
cation Act of 1965 (20 U.S.C. 1087–51 et seq.), in-
stitutional work-study programs, or State work- 
study programs, including— 
‘‘(A) the maximum annual amount the stu-
dent may earn through the program; and 
‘‘(B) a disclosure that any work-study 
amount offered may be— 
‘‘(i) subject to the availability of quali-
fied employment opportunities upon the 
student’s enrollment; and 
‘‘(ii) disbursed over time as earned by 
the student. 
‘‘(d) ADDITIONAL REQUIREMENTS FOR FINANCIAL 
AID OFFERS.—Each Financial Aid Offer shall meet the 
following requirements: 
VerDate Sep 11 2014 
23:32 Jun 06, 2025
Jkt 059200
PO 00000
Frm 00012
Fmt 6652
Sfmt 6201
E:\BILLS\H3153.IH
H3153
ssavage on LAPJG3WLY3PROD with BILLS
‘‘(1) Include, in addition to the requirements 
described in subsections (b) and (c), a concise sum-
mary, in plain language, of— 
‘‘(A) the terms and conditions of financial 
aid recommended under paragraphs (2) and (4) 
of subsection (b) and subsection (c)(3), and a 
method to provide students with additional in-
formation about such terms and conditions, 
such as links to the supplementary information; 
and 
‘‘(B) Federal, State, or institutional condi-
tions required to receive and renew financial aid 
and a method to provide students with addi-
tional information about these conditions, such 
as links to the supplementary information. 
‘‘(2) Clearly distinguish between the aid offered 
under paragraphs (2) and (4) of subsection (b) and 
subsection (c)(3), by including a subtotal for the aid 
offered in each of such paragraphs and by refraining 
from commingling the different types of aid de-
scribed in such paragraphs. 
‘‘(3) Use standard terminology and definitions, 
as described in subsection (e)(1) and use plain lan-
guage where possible. 
VerDate Sep 11 2014 
23:32 Jun 06, 2025
Jkt 059200
PO 00000
Frm 00013
Fmt 6652
Sfmt 6201
E:\BILLS\H3153.IH
H3153
ssavage on LAPJG3WLY3PROD with BILLS
‘‘(4) If an institution’s recommended Federal 
student loan aid offered in subsection (b)(4) is less 
than the Federal maximum available to the student, 
the institution shall provide additional information 
on Federal student loans, including the types and 
amounts for which the student is eligible in an at-
tached document or web page. 
‘‘(5) Use the standard offer form described in 
subsection (e)(2). 
‘‘(6) Include the standardized statement regard-
ing the possible availability of Federal education 
benefits, as established by the Secretary in accord-
ance with subsection (e)(3). 
‘‘(7) Include a delivery confirmation for elec-
tronic Financial Aid Offers, except that receipt of 
the Financial Aid Offer shall not be considered an 
acceptance or rejection of aid by the student. 
‘‘(8) With respect to dependent students, any 
reference to private education loans shall be accom-
panied by— 
‘‘(A) information about the availability of, 
and terms and conditions associated with, Fed-
eral Direct PLUS Loans under section 455 of 
the Higher Education Act of 1965 (20 U.S.C. 
VerDate Sep 11 2014 
23:32 Jun 06, 2025
Jkt 059200
PO 00000
Frm 00014
Fmt 6652
Sfmt 6201
E:\BILLS\H3153.IH
H3153
ssavage on LAPJG3WLY3PROD with BILLS
1087e) for the student’s parents regardless of 
family income; and 
‘‘(B) a notification of the student’s in-
creased eligibility for Federal student loans 
under title IV of the Higher Education Act of 
1965 (20 U.S.C. 1070 et seq.) if the student’s 
parents are not able to borrow under the Fed-
eral Direct PLUS Loan program. 
‘‘(e) STANDARD INFORMATION ESTABLISHED
BY 
THE SECRETARY.— 
‘‘(1) STANDARD
TERMINOLOGY
AND
DEFINI-
TIONS.—Not later than 3 months after the date of 
enactment of the Understanding the True Cost of 
College Act of 2025, the Secretary of Education, in 
consultation with the heads of relevant Federal 
agencies, including the Secretary of the Treasury 
and the Director of the Consumer Financial Protec-
tion Bureau, and the individuals and entities de-
scribed in subsection (a), shall establish standard 
terminology and definitions for the terms described 
in subsection (b). 
‘‘(2) STANDARD FORM.— 
‘‘(A) IN GENERAL.—The Secretary of Edu-
cation shall develop multiple draft financial aid 
offer forms for consumer testing, carry out con-
VerDate Sep 11 2014 
23:32 Jun 06, 2025
Jkt 059200
PO 00000
Frm 00015
Fmt 6652
Sfmt 6201
E:\BILLS\H3153.IH
H3153
ssavage on LAPJG3WLY3PROD with BILLS
sumer testing for such forms, and establish a fi-
nalized standard financial aid offer form, in ac-
cordance with the process established under 
subsection (g) and the requirements of this sec-
tion. 
‘‘(B) SEPARATE
FINANCIAL
AID
OFFER 
FORMS.—The Secretary may develop separate 
financial aid offer forms for— 
‘‘(i) undergraduate students and grad-
uate students; and 
‘‘(ii) first-time students and returning 
students. 
‘‘(3) ADDITIONAL BENEFITS.—The Secretary of 
Education, in consultation with the heads of relevant 
Federal agencies, including the Secretary of the 
Treasury, the Secretary of Veterans Affairs, the Sec-
retary of Defense, and the Director of the Consumer 
Financial Protection Bureau, shall establish stand-
ard language notifying students that they may be el-
igible for education benefits (and where students can 
locate more information about such benefits) includ-
ing benefits in accordance with each of the following: 
‘‘(A) Chapter 30, 31, 32, 33, 34, or 35 of 
title 38, United States Code. 
VerDate Sep 11 2014 
23:32 Jun 06, 2025
Jkt 059200
PO 00000
Frm 00016
Fmt 6652
Sfmt 6201
E:\BILLS\H3153.IH
H3153
ssavage on LAPJG3WLY3PROD with BILLS
‘‘(B) Chapter 101, 105, 106A, 1606, 1607, 
or 1608 of title 10, United States Code. 
‘‘(C) Section 1784a, 2005, or 2007 of title 
10, United States Code. 
‘‘(f) SUPPLEMENTAL INFORMATION; REMOVAL
OF 
INFORMATION.— 
‘‘(1) SUPPLEMENTAL INFORMATION.—Nothing 
in this section shall preclude an institution from 
supplementing the Financial Aid Offer with addi-
tional information if such additional information uti-
lizes the same standard terminology identified in 
subsection (e)(1) and does not misrepresent costs, fi-
nancial aid offered, or net price. 
‘‘(2) REMOVAL OF INFORMATION.—Nothing in 
this section shall preclude an institution from delet-
ing a required item on a Financial Aid Offer if— 
‘‘(A) the student is ineligible for such item; 
‘‘(B) the institution does not participate in 
the program related to such item; or 
‘‘(C) the cost of attendance item is not ap-
plicable to the student. 
‘‘(g) DEVELOPMENT
OF FINANCIAL AID OFFER 
FORM.— 
‘‘(1) DRAFT FORM.—Not later than 9 months 
after the date of enactment of the Understanding 
VerDate Sep 11 2014 
23:32 Jun 06, 2025
Jkt 059200
PO 00000
Frm 00017
Fmt 6652
Sfmt 6201
E:\BILLS\H3153.IH
H3153
ssavage on LAPJG3WLY3PROD with BILLS
the True Cost of College Act of 2025, the Secretary 
of Education, in consultation with the heads of rel-
evant Federal agencies, including the Secretary of 
the Treasury and the Director of the Consumer Fi-
nancial Protection Bureau, and the individuals and 
entities described in subsection (a), shall design and 
produce multiple draft financial aid offer forms for 
consumer testing with postsecondary students or 
prospective students. In developing that form, the 
Secretary shall ensure— 
‘‘(A) that the headings described in para-
graphs (1) through (4) of subsection (b) are in 
the same font, appear in the same order, and 
are displayed prominently on the financial aid 
offer form, such that none of that information 
is inappropriately omitted or de-emphasized; 
‘‘(B) that the other information required 
in subsection (b) appears in a standard format 
and design on the Financial Aid Offer; and 
‘‘(C) that the institution may include a 
logo or brand alongside the title of the Finan-
cial Aid Offer. 
‘‘(2) CONSUMER TESTING.— 
‘‘(A) IN
GENERAL.—Not later than 9 
months after the date of enactment of the Un-
VerDate Sep 11 2014 
23:32 Jun 06, 2025
Jkt 059200
PO 00000
Frm 00018
Fmt 6652
Sfmt 6201
E:\BILLS\H3153.IH
H3153
ssavage on LAPJG3WLY3PROD with BILLS
derstanding the True Cost of College Act of 
2025, the Secretary of Education, in consulta-
tion with the heads of relevant Federal agen-
cies, shall establish a process to submit the fi-
nancial aid offer form drafts developed under 
paragraph (1) for consumer testing among rep-
resentatives of students (including low-income 
students, first-generation college students, adult 
students, veterans, servicemembers, and pro-
spective students), students’ families (including 
low-income families, families with first-genera-
tion college students, and families with prospec-
tive students), institutions of higher education, 
secondary school and postsecondary counselors, 
and nonprofit consumer groups. 
‘‘(B) PILOT.—During such consumer test-
ing, the Secretary shall ensure that not less 
than 16 and not more than 24 eligible institu-
tions use the draft forms developed under para-
graph (1), including institutions— 
‘‘(i) that reflect a proportionate rep-
resentation (based on the total number of 
students enrolled in postsecondary edu-
cation) of community colleges, for-profit 
VerDate Sep 11 2014 
23:32 Jun 06, 2025
Jkt 059200
PO 00000
Frm 00019
Fmt 6652
Sfmt 6201
E:\BILLS\H3153.IH
H3153
ssavage on LAPJG3WLY3PROD with BILLS
institutions, 4-year public institutions, and 
4-year private nonprofit institutions; and 
‘‘(ii) that reflect geographic diversity. 
‘‘(C) LENGTH OF CONSUMER TESTING.— 
The Secretary of Education shall ensure that 
the consumer testing under this paragraph lasts 
no longer than 8 months after the process for 
consumer testing is developed under subpara-
graph (A). 
‘‘(3) FINAL FORM.— 
‘‘(A) IN
GENERAL.—The results of con-
sumer testing under paragraph (2) shall be 
used in the final development of the financial 
aid offer form. 
‘‘(B) 
REPORTING
REQUIREMENT.—Not 
later than 3 months after the date the con-
sumer testing under paragraph (2) concludes, 
the Secretary of Education shall submit to Con-
gress and publish on its website the final stand-
ard financial aid offer form and a report detail-
ing the results of such testing, including wheth-
er the Secretary of Education added any addi-
tional items to the standard financial aid offer 
form pursuant to subsection (b)(6). 
VerDate Sep 11 2014 
23:32 Jun 06, 2025
Jkt 059200
PO 00000
Frm 00020
Fmt 6652
Sfmt 6201
E:\BILLS\H3153.IH
H3153
ssavage on LAPJG3WLY3PROD with BILLS
‘‘(4) AUTHORITY TO MODIFY.—The Secretary 
of Education may modify or remove the definitions, 
terms, formatting, or design of the financial aid 
offer form based on the results of consumer testing 
required under this subsection and before finalizing 
the form, or in subsequent consumer testing. The 
Secretary may also recommend additional changes to 
Congress.’’. 
SEC. 3. MANDATORY FORM. 
Part B of title I of the Higher Education Act of 1965 
(20 U.S.C. 1011 et seq.) is amended by adding at the end 
the following: 
‘‘SEC. 124. USE OF MANDATORY FINANCIAL AID OFFER 
FORM AND TERMS. 
‘‘(a) IN GENERAL.—Notwithstanding any other pro-
vision of law, each institution of higher education that re-
ceives Federal financial assistance under this Act shall— 
‘‘(1) use the financial aid offer form developed 
under section 484 of the Higher Education Oppor-
tunity Act (20 U.S.C. 1092 note) in providing 
paper, mobile-optimized offers, or other electronic of-
fers to all students who apply for aid and are accept-
ed at the institution; and 
‘‘(2) use the standard terminology and defini-
tions developed by the Secretary of Education under 
VerDate Sep 11 2014 
23:32 Jun 06, 2025
Jkt 059200
PO 00000
Frm 00021
Fmt 6652
Sfmt 6201
E:\BILLS\H3153.IH
H3153
ssavage on LAPJG3WLY3PROD with BILLS
subsection (e)(1) of such section 484 for all commu-
nications from the institution related to Financial 
Aid Offers. 
‘‘(b) EFFECTIVE DATES.—The requirements under 
this section shall take effect at the start of the first award 
year after the Secretary of Education finalizes the stand-
ard terminology and form developed in accordance with 
section 484 of the Higher Education Opportunity Act (20 
U.S.C. 1092 note). 
‘‘(c) ADMINISTRATIVE PROCEDURES.—Section 492 
shall not apply with respect to regulations promulgated 
in accordance with this section.’’. 
Æ 
VerDate Sep 11 2014 
23:32 Jun 06, 2025
Jkt 059200
PO 00000
Frm 00022
Fmt 6652
Sfmt 6301
E:\BILLS\H3153.IH
H3153
ssavage on LAPJG3WLY3PROD with BILLS