Sec. 108. Minimum standards for net price calculators
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/bill/113/s/2954/is/section-108A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Section 132(h) ( 20 U.S.C. 1015a(h) ) is amended— by redesignating paragraph
(4)as paragraph (6); in paragraph (2), by inserting before the period , and, not later than 1 year after the date of enactment of the ; Higher Education Affordability Act , shall meet the requirements of paragraph (4)(B) in paragraph (3), by inserting after the first sentence the following: Not later than 1 year after the date of enactment of the ; Higher Education Affordability Act , such calculator shall meet the requirements of paragraph (4). by inserting after paragraph
(3)the following: Not later than 1 year after the date of enactment of the Higher Education Affordability Act , a net price calculator for an institution of higher education shall, at a minimum, meet the following requirements: The link for the calculator— is clearly labeled as a net price calculator and is prominently and clearly posted in locations on the institution’s website where information on costs and aid is provided; and may also be included on the institution’s compliance webpage, which contains information relating to compliance with Federal, State, and local laws. The results screen for the calculator specifies the following information: The net price (as calculated under subsection (h)(2)) for the individual student, which is the most visually prominent figure on the results screen. Cost of attendance for the institution, including— tuition and fees; the average annual cost of room and board for the institution for a first-time, full-time undergraduate student enrolled in the institution; the average annual cost of books and supplies for a first-time, full-time undergraduate student enrolled in the institution; and the estimated cost of other expenses (including personal expenses and transportation) for a first-time, full-time undergraduate student enrolled in the institution. Estimated amount of need-based grant aid and merit-based grant aid, from Federal, State, and institutional sources, that students receive at the institution, showing the subtotal for each category and the total for all sources of grant aid. Percentage of the first-time, full-time undergraduate students enrolled in the institution that received any type of grant aid described in clause (iii). The disclaimer described in paragraph (6). In the case of a calculator that— includes questions to estimate a student’s (or prospective student’s) eligibility for veterans’ education benefits (as defined in section 480) or educational benefits for active duty service members, such benefits are displayed on the results screen in a manner that clearly distinguishes them from the grant aid described in clause (iii); or does not include questions to estimate eligibility for the benefits described in subclause (I), the results screen indicates that certain students (or prospective students) may qualify for such benefits and includes a link to official Federal information about such benefits. The institution populates the calculator with data from no earlier than 2 academic years prior to the most recent academic year. An institution of higher education— shall carry out this subsection in a manner that complies with the requirements of section 444 of the General Education Provisions Act (commonly known as the Family Educational Rights and Privacy Act of 1974 ) ( 20 U.S.C. 1232g ); and shall not— allow any personal information, voluntarily provided by users for the net price calculator for the institution to be sold or made available to third parties; store any responses made by users through the net price calculator; require that a user provide any personally identifiable information in order to use the net price calculator. A net price calculator shall— clearly indicate which questions are required to be completed for an estimate of the net price from the calculator; in the case of a calculator that requests contact information from users, clearly mark such requests as optional ; clearly state Any information that you provide on this site is confidential. The Net Price Calculator does not require personally identifiable information of any kind and does not store your responses. ; and be established, maintained, and operated in a manner that is in compliance with the requirements of section 444 of the General Education Provisions Act (commonly known as the Family Educational Rights and Privacy Act of 1974 ) ( 20 U.S.C. 1232g ) ; and by adding at the end the following: Not later than 2 years after the date of enactment of the Higher Education Affordability Act , the Secretary shall develop a universal net price calculator that— enables users to answer one set of questions and receive net prices for any institution that is required to have a net price calculator under this subsection; provides the information required under subparagraphs
(B)and
(C)of paragraph
(4)for each institution for which a net price is being sought; is developed in consultation with— the heads of relevant Federal agencies; representatives of institutions of higher education, nonprofit consumer groups, and secondary and postsecondary students; and secondary school and postsecondary guidance counselors; before being finalized and publicly released, is tested in accordance with the consumer testing process described in section 483C; and complies with the privacy requirements described in paragraph (5). Not later than 2 years after the date of enactment of the Higher Education Affordability Act , the Secretary shall submit a report to Congress on— steps taken to raise awareness of net price calculators among prospective students and families, particularly among students in middle school and high school and students from low-income families; how institutions are complying with the requirements of this subsection, including an analysis of where institutions are placing the net price calculators on their websites and the design of the net price calculators by institutions; and an analysis of how students are benefitting from the use of net price calculators. The Secretary shall ensure that a link to the website containing the net price calculator and the universal net price calculator (once the universal net price calculator has been developed) is available on each of the following websites: The College Navigator website described under subsection (i). The College Scorecard website described under section 133. The website of the College Affordability and Transparency Center. The website of the Office of Federal Student Aid. .
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