Truth in Tuition Act of 2016

Bill: 114-hr-4462
Sponsor: full_name: Rep. Cartwright, Matt [D-PA-17]
Introduced: 2016-02-04
Policy area: Education
Subjects: Consumer affairs

Higher education

Student aid and college costs
Latest action: action_date: 2016-03-23
text: Referred to the Subcommittee on Higher Education and Workforce Training.

Summaries:
action_date: 2016-02-04
action_desc: Introduced in House
text: <p><b>Truth in Tuition Act of 2016</b></p> <p>This bill amends title IV (Student Assistance) of the Higher Education Act of 1965 to modify eligibility requirements for an institution of higher education (IHE) to participate in federal student aid programs.</p> <p>Specifically, the bill requires an IHE to provide to an admitted graduate or undergraduate student: (1) a multi-year tuition and fee schedule; or (2) a single-year tuition and fee schedule, and a nonbinding, multi-year estimate of net costs after financial aid is awarded. </p> <p>An IHE that provides a single-year tuition and fee schedule must include, in its multi-year estimate of net costs, the average difference between previous year estimates and actual net costs. </p>

tv_txt: I 114th CONGRESS 2d Session H. R. 4462 IN THE HOUSE OF REPRESENTATIVES February 4, 2016 Mr. Cartwright (for himself, Mr. Roskam , Mr. Bishop of Georgia , Mr. Brady of Pennsylvania , Mr. Cárdenas , Mr. Carney , Mr. Rodney Davis of Illinois , Mr. DeFazio , Mr. Delaney , Mr. Doggett , Ms. Eshoo , Mr. Hanna , Mr. Honda , Ms. Jackson Lee , Ms. Kaptur , Mr. Larson of Connecticut , Mr. Loebsack , Ms. Michelle Lujan Grisham of New Mexico , Mr. Pierluisi , Ms. Slaughter , Mr. Swalwell of California , Mr. Thompson of California , Mr. Van Hollen , Mr. Vargas , Mr. Peters , Mr. Tonko , Mr. Engel , and Mr. Cummings ) introduced the following bill; which was referred to the Committee on Education and the Workforce A BILL To amend the Higher Education Act of 1965 to require certain institutions of higher education to provide notice of tuition levels for students.

1. Short title This Act may be cited as the Truth in Tuition Act of 2016 . 2. Notice of tuition levels (a) Amendment Section 487(a) of the Higher Education Act of 1965 ( 20 U.S.C. 1094(a) ) is amended by adding at the end the following new paragraph: (30) (A) The institution will provide to each student admitted to an undergraduate or graduate program— (i) a multi-year tuition and fee schedule; or (ii) a single-year tuition and fee schedule, and a nonbinding, multi-year estimate of net costs after all financial aid is awarded, assuming constant family and student income, assets, and relevant circumstances. (B) Multi-year schedules and estimates required by subparagraph (A) — (i) may include a percentage or dollar increase or decrease of any size the institution determines to be appropriate from one year to the next; and (ii) shall indicate, on a year-by-year basis, costs for the normal duration of such student's undergraduate or graduate program. (C) Institutions that elect a single-year tuition and fee schedule under subparagraph (A)(ii) shall include with each multi-year estimate provided under such subparagraph the average deviation, in percentage terms, between previous year estimates and actual net costs for students at their institution. (D) The Secretary shall waive the requirements of subparagraph (A) if the institution demonstrates to the Secretary that the requirements of subparagraph (A) are not practicable because of the occurrence of one or more events causing the institution severe economic distress, dramatic reduction of State or Federal aid, or any other circumstance determined to be appropriate by the Secretary. . (b) Effective date The amendment made by subsection (a) shall be effective on the date that is 120 days after the date of enactment of this Act.