H.R. 4343

Referred to Committee

FACT Act of 2019

Introduced 9/17/2019•116th Congress•House

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Referred to the House Committee on Education and Labor.

9/17/2019 • House

Summary

Financial Aid Communication and Transparency Act of 2019 or the FACT Act of 2019

This bill requires the Department of Education (ED) to publish certain requirements for financial aid offers.

ED must conduct consumer testing to serve as the basis for determining such requirements for financial aid offers, and a financial aid offer must contain information such as cost of attendance and sources of available financial aid. An offer must also contain a standardized quick reference box to enable comparison of information on college costs and financial aid.

Introduced in House • 9/17/2019

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Topics & Subjects

Policy Area: Education

Administrative law and regulatory proceduresConsumer affairsEducation of the disadvantagedElementary and secondary educationEmployment and training programsGovernment information and archivesGovernment lending and loan guaranteesGovernment studies and investigationsHigher educationSchool administrationStudent aid and college costsVeterans' education, employment, rehabilitation