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Main Subject: Education

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.

HR4674-116, HR4680-116,

House floor actions Actions

IntroReferral
Sep. 17 2019	Referred to the House Committee on Education and Labor.

Library of Congress Actions

IntroReferral
Sep. 17 2019	Introduced in House Introduced in House

House bill HR4343-116

FACT Act of 2019

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