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Committee approves Student Financial Clarity Act after wide debate on Department capacity and data scope
Summary
The committee voted to report HR6498 (Student Financial Clarity Act), which reforms the college scorecard and establishes a universal net price calculator, after contentious debate over implementation capacity and several failed amendments; final recorded vote to report was 27‑6.
The House Education and Labor Committee on Thursday advanced HR6498, the Student Financial Clarity Act, a measure that would expand the Department of Education—ollege scorecard, require program‑level reporting, and create a universal net price calculator intended to help prospective students compare costs and outcomes.
Representative Bob Onder, who offered an amendment in the nature of a substitute, described the bill as a consumer protection measure that would give students more information about the cost of attendance, typical debt,…
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