Student Financial Clarity Act of 2025
Summary
The Student Financial Clarity Act of 2025 aims to provide prospective students and their families with more transparent information about the costs and financial outcomes of higher education. The bill proposes the creation of a Universal Net Price Calculator, a centralized federal tool that would allow students to receive personalized estimates of what they would actually pay at different colleges and for specific programs of study. This tool is intended to replace the current system of inconsistent, school-specific calculators, making it easier for families to perform "apples-to-apples" comparisons between institutions.
Additionally, the legislation would expand the Department of Education's College Scorecard website to include more detailed, program-level data. This would include information on graduation rates, typical student debt, and post-graduation earnings for specific majors rather than just for the institution as a whole. By requiring schools to disclose these metrics, the bill seeks to help students evaluate whether a particular degree is likely to provide a strong return on investment.