Understanding the True Cost of College Act of 2025

The Understanding the True Cost of College Act of 2025 requires colleges and universities to provide students with a standardized financial aid offer that clearly explains college costs, grants, scholarships, and loans in plain language. The form must display direct and indirect costs of attendance, net price after grants/scholarships, and detailed loan terms including repayment options and interest rates. It mandates institutions to disclose information about private loan alternatives, Federal education benefits for veterans, and provide links to repayment calculators. All institutions receiving federal financial aid must use this standardized form starting after the Secretary of Education finalizes the required format.