Reps. Raja Krishnamoorthi, Young Kim Lead Effort To Improve Financial Aid Transparency For Students And Families

Statement

Today, U.S. Representatives Raja Krishnamoorthi (IL-08) and Young Kim (CA-39) introduced the bipartisan Understanding the True Cost of College Act (H.R. 6002) to streamline and improve transparency of the financial aid process so students and families can better navigate decisions regarding the cost of college.

"Students and their families need the best available information about the costs of college as they review financial aid packages and make essential decisions about what college to attend or whether to attend college at all," said Congressman Raja Krishnamoorthi. "Unfortunately, this information is often unclear and inconsistent across institutions. Our legislation will help address this problem by ensuring that information on the true cost of different colleges is consistent and accessible to students and their families," said Congressman Krishnamoorthi.

"After putting myself through school and raising four children, I have seen as a student and as a parent how confusing the financial aid process can be. At a time when Americans are seeing record-high prices on everyday goods and are working hard to make ends meet, families need transparency and need the most accurate information regarding the cost of college and available education options," said Congresswoman Kim. "I'm glad to work with Rep. Krishnamoorthi to introduce the Understanding the True Cost of College Act to streamline financial aid information so families can make the best, informed decision and students can reduce the chance for college debt. I will keep doing everything I can to make life more affordable for Californians I represent."

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