Student Financial Clarity Act of 2025

The Student Financial Clarity Act of 2025 requires colleges and the Department of Education to provide more transparent financial information about college costs and aid to prospective students. It establishes standardized definitions for terms like "net price required for completion" and mandates that the College Scorecard website include detailed, disaggregated data on costs, financial aid, time to completion, and student earnings by program of study and student characteristics such as income, race, and enrollment status. The bill also creates a Universal Net Price Calculator to help students estimate their costs based on their specific circumstances and requires colleges to make their own net price calculators available on their websites. This information aims to help students and families make more informed decisions about college affordability and financial aid. The changes will take effect for the 2027-2028 academic year.