Promoting Financial Transparency for Students

Inside Higher Ed

Alexis Gravely
May 6, 2021
Bills were introduced in Congress last week that are intended to make it easier for students to understand the cost of college and how they can pay for it.
Four bipartisan bills were introduced in Congress last week that all aim to increase the transparency of information that students receive about the cost of and payment for college throughout their postsecondary education — a change that experts and advocates say would be helpful but still wouldn’t solve the student debt crisis.
Senators Chuck Grassley and Joni Ernst, both Republicans from Iowa, alongside Senator Tina Smith, a Democrat from Minnesota, introduced three bills April 29 — the Net Price Calculator Improvement Act, the Understanding the True Cost of College Act and the Know Before You Owe Federal Student Loan Act.