Net Price Calculator Improvement Act

The Net Price Calculator Improvement Act requires colleges and universities to update their online cost calculators within one year to provide clearer, more detailed information about actual college expenses after financial aid. These tools must prominently display the net price (after aid), break down costs like tuition, room, board, and books, show estimated grant aid, and use recent data (within two academic years). The law also mandates privacy protections - prohibiting the sale of personal information - and requires calculators to include details about veterans' benefits when applicable. This directly affects all institutions required to provide net price calculators and helps prospective students and families better understand true college costs.