,i #aacth ,,congress #ast ,session ,h4 ,r4 #cfid ,,in ,,the ,,house ,,of ,,representatives ,december #aa1 #bjac,mr4 ,cummings 7for himself1 ,mr4 ,issa1 and ,mr4 ,hinojosa7 introduced the following bill2 which was referred to the ,committee on ,education and the ,workforce ,a ,,bill ,to amend the ,higher ,education ,act of #aife to make technical improvements to the ,net ,price ,calculator system so that prospective students may have a more accurate understanding of the true cost of college4 #a4 ,short title ,this ,act may be cited as the ,net ,price ,calculator ,improvement ,act4 #b4 ,minimum ,standards for ,net ,price ,calculators ,section #acb7;h7 of the ,higher of ,education ,act of #aife 7#bj ,u4,s4,c4 #ajae;a7h77 is amended-- 7#a7 by redesignating subsection 7#d7 as subsection 7#f72 7#b7 in paragraph 7#b71 by inserting before the period the following 1 and1 not later than #a year after the date of enactment of the ,net ,price ,calculator ,improvement ,act1 shall meet the requirements of paragraph 7#d77;,b72 7#c7 in paragraph 7#c71 by inserting after the first sentence the following3 ,not later than #a year after the date of enactment of the ,net ,price ,calculator ,improvement ,act1 such calculator shall meet the requirements of paragraph 7#d742 and 7#d7 by inserting after paragraph 7#c7 the following3 7#d7 ,minimum requirements for net price calculators ,not later than #a year after the date of enactment of the ,net ,price ,calculator ,improvement ,act1 a net price calculator for an institution of higher education shall1 at a minimum1 meet the following requirements3 7,a7 ,the link for the calculator-- 7i7 is clearly labeled as a net price calculator and prominently1 clearly1 and conspicuously 7in such size and contrast 7such as shade7 that it is readily noticeable and readable7 posted in locations on the institution's website where information on costs and aid is provided 7such as financial aid1 prospective students1 or tuition and fees web pages72 7ii7 matches in size and font to the other prominent links on the primary menu2 and 7iii7 may also be included on the institution's compliance web page1 which contains information relating to compliance with ,federal1 ,state1 and local laws4 7,b7 ,the results screen for the calculator specifies the following information3 7i7 ,net price 7as calculated under subsection 7a77#c77 for the institution1 which is the most visually prominent figure on the results screen4 7ii7 ,cost of attendance1 including-- 7,i7 tuition and fees2 7,,ii7 average annual cost of room and board for the institution for a first-time1 full-time undergraduate student enrolled in the institution2 7,,iii7 average annual cost of books and supplies for a first-time1 full-time undergraduate student enrolled in the institution2 and 7,,iv7 estimated cost of other expenses 7including personal expenses and transportation7 for a first-time1 full-time undergraduate student enrolled in the institution4 7iii7 ,estimated total need-based grant aid and merit-based grant aid1 from ,federal1 ,state1 and institutional sources1 that may be available to a first-time1 full-time undergraduate student4 7iv7 ,percentage of the first-time1 full-time undergraduate students enrolled in the institution that received any type of grant aid described in clause 7iii74 7v7 ,the disclaimer described in paragraph 7#f74 7vi7 ,in the case of a calculator that-- 7,i7 includes questions to estimate a student's 7or prospective student's7 eligibility for veterans' education benefits 7as defined in section #dhj7 or educational benefits for active duty service members1 such benefits are displayed on the results screen in a manner that clearly distinguishes them from the grant aid described in clause 7iii72 or 7,,ii7 does not include questions to estimate eligibility for the benefits described in subclause 7,i71 the results screen indicates that certain students 7or prospective students7 may qualify for such benefits and includes a link to information about such benefits4 7,c7 ,the institution populates the calculator with data from not later than #b academic years prior to the most recent academic year4 7#e7 ,prohibition on use of data collected by the net price calculator ,a net price calculator for an institution of higher education shall-- 7,a7 clearly indicate which questions are required to be completed for an estimate of the net price from the calculator2 7,b7 in the case of a calculator that requests contact information from users1 clearly mark such requests as optional2 and 7,c7 prohibit any personally identifiable information provided by users from being sold or made available to third parties4 4 #c4 ,universal ,net ,price ,calculator ,section #acb7;h7 of the ,higher of ,education ,act of #aife 7#bj ,u4,s4,c4 #ajae;a7h77 is further amended by adding at the end the following3 7#g7 ,universal net price calculator ,the ,secretary may develop a universal net price calculator that-- 7,a7 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 subsection2 7,b7 provides the information required under subparagraphs 7,b7 and 7,c7 of paragraph 7#d7 for each institution for which a net price is being sought2 and 7,c7 is tested by students and families and evaluated by financial aid administrators and others in the field of postsecondary education before being finalized and publicly released4 4