Chairman Cassidy, Grassley Introduce Legislation to Make College More Affordable

WASHINGTON - U.S. Senators Bill Cassidy, M.D. (R-LA), Chairman of the U.S. Senate Health, Education, Labor, and Pensions (HELP) Committee, and Chuck Grassley (R-IA) introduced the Improving Financial Aid Offers for Students Act to make the cost of college more transparent. The bill aims to make higher education more affordable by equipping students and families with better information as they consider their opportunities.

"Right now, over 90% of colleges understate the total cost for students to attend," said Dr. Cassidy. "You wouldn't buy a car or a house without knowing its cost. Why should college, one of the biggest financial investments families make, be any different?"

"When it comes to paying for college, students ought to have the information on the front-end, before they get in over their heads," said Senator Grassley. "By increasing transparency and creating a model form for schools, our bill helps potential borrowers see a clear financial picture. Once they can more easily compare financial aid packages between schools, they can make the best decision for themselves and their family."

The legislation is supported by the American Council on Education, Association of Public Land Grant Universities, National Association of Financial Aid Administrators, American Association of Community colleges, and the Association of Community College Trustees.

Read the bill here.

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