Net Price Calculator Improvement Act
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Summary
This bill amends the Higher Education Act to establish minimum standards for college net price calculators that institutions must meet within one year. The standards require calculators to be prominently displayed on institutional websites and to clearly show individual net prices, costs of attendance, estimated grant aid, and other key financial information. The bill also authorizes the Department of Education to develop a universal net price calculator allowing students to compare costs across multiple institutions, and requires the Secretary to report on efforts to increase awareness of these calculators among prospective students and families.
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