[Congressional Bills 117th Congress]
[From the U.S. Government Publishing Office]
[H.R. 5380 Introduced in House (IH)]
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117th CONGRESS
1st Session
H. R. 5380
To require institutions of higher education to notify students of the
impact of private scholarships and grants on eligibility for
institutional financial aid, and for other purposes.
_______________________________________________________________________
IN THE HOUSE OF REPRESENTATIVES
September 27, 2021
Mr. Kim of New Jersey (for himself and Mr. Kelly of Pennsylvania)
introduced the following bill; which was referred to the Committee on
Education and Labor
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A BILL
To require institutions of higher education to notify students of the
impact of private scholarships and grants on eligibility for
institutional financial aid, and for other purposes.
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the ``Helping Students Plan for College
Act of 2021''.
SEC. 2. PRIVATE SCHOLARSHIP IMPACT ON INSTITUTIONAL FINANCIAL AID.
Section 485(a)(1) of the Higher Education Act of 1965 (20 U.S.C.
1092(a)(1)) is amended--
(1) in subparagraph (A), by inserting ``, and, in the case
of an institution described in subparagraph (W), a statement
that eligibility for such programs may be impacted by the
receipt of financial assistance not received under this title,
including all scholarships, grants, loans, or other assistance
known to the institution at the time the determination of the
student's need is made'' after ``institution'';
(2) in subparagraph (U), by striking ``and'' at the end;
(3) in subparagraph (V), by striking the period and
inserting ``; and''; and
(4) by adding at the end the following new subparagraph:
``(W) in the case of an institution that adjusts
awards of institutional financial aid based on student
receipt of financial assistance not received under this
title, the institutional policies on making such
adjustments, including scholarships, grants, loans, or
other assistance, and how receipt of such assistance
may impact eligibility for, and the amount of,
institutional financial aid awards.''.
SEC. 3. GAO STUDY AND REPORT.
(a) Study.--Not later than 90 days after the date of enactment of
this Act, the Comptroller General shall begin to conduct a study on the
relationship between--
(1) financial assistance not received under title IV of the
Higher Education Act of 1965 (20 U.S.C. 1070 et seq.),
including scholarships, grants, loans, or other assistance; and
(2) eligibility for, and the amount of, institutional
financial aid awards to students by institutions of higher
education, as defined in section 102 of such Act (20 U.S.C.
1002).
(b) Data.--The study conducted under subsection (a) shall include
information on--
(1) the demographic characteristics of students who use
private scholarships to pay for college; and
(2) policies of institutions of higher education for
accounting for private scholarships when awarding financial
aid, and how such policies can affect financial aid offers.
(c) Report.--At the conclusion of the study conducted in accordance
with this section, the Comptroller General shall submit a report on the
results of such study to the Committee on Education and Labor of the
House of Representatives and the Committee on Health, Education, Labor,
and Pensions of the Senate, and shall make such report publicly
available. Such report shall include recommendations, as appropriate,
for legislative action to support the use of financial assistance not
received under title IV of the Higher Education Act of 1965 (20 U.S.C.
1070 et seq.), including scholarships, grants, loans, or other
assistance, by students to supplement, and not supplant, institutional
financial aid awards.
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