S.889 - Net Price Calculator Improvement Act116th Congress (2019-2020)
|Sponsor:||Sen. Grassley, Chuck [R-IA] (Introduced 03/27/2019)|
|Committees:||Senate - Health, Education, Labor, and Pensions|
|Latest Action:||Senate - 03/27/2019 Read twice and referred to the Committee on Health, Education, Labor, and Pensions. (All Actions)|
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Summary: S.889 — 116th Congress (2019-2020)All Information (Except Text)
Introduced in Senate (03/27/2019)
Net Price Calculator Improvement Act
This bill establishes requirements concerning the information that must be provided to prospective students about the cost of an institution of higher education (IHE). Specifically, the bill establishes the minimum requirements for the net price calculator that an IHE must include on its website. An IHE's net price is the average yearly price actually charged to first-time, full-time undergraduate students receiving student aid at the school after deducting such aid.
It authorizes the Department of Education to develop a universal net price calculator that enables users to answer one set of questions and receive net prices for several IHEs and compare those prices.