,,ii #aaf? ,,congress #a/ ,session ,s4 #hhi ,,9 ,,! ,,s5ate ,,( ,,! ,,unit$ ,,/ates ,m>* #bg1 #bjai ,mr4 ,grassley 7= himself1 ,ms4 ,smi?1 & ,ms4 ,ern/7 introduc$ ! foll[+ bill2 :i* 0 read twice & ref]r$ to ! ,committee on ,heal?1 ,education1 ,labor1 & ,p5sions ,a ,,bill ,to am5d ! ,high] ,education ,act ( #aife to make te*nical improvem5ts to ! ,net ,price ,calculator sy/em s t prospective /ud5ts may h a m accurate und]/&+ ( ! true co/ ( college4 #a4 ,%ort title ,?is ,act may be cit$ z ! ,net ,price ,calculator ,improvem5t ,act4 #b4 ,m9imum /&>ds = net price calculators ,section #acb7;h7 ( ! ,high] ,education ,act ( #aife 7#bj ,u4,s4,c4 #ajae;a7h77 is am5d$-- 7#a7 by r$esignat+ p>agraph 7#d7 z p>agraph 7#f72 7#b7 9 p>agraph 7#b71 by ins]t+ be=e ! p]iod 1 &1 n lat] ?an #a ye> aft] ! date ( enactm5t ( ! ,net ,price ,calculator ,improvem5t ,act1 %all meet ! requirem5ts ( p>agraph 7#d77;,c72 7#c7 9 p>agraph 7#c71 by ins]t+ aft] ! fir/ s5t5ce ! foll[+3 ,n lat] ?an #a ye> aft] ! date ( enactm5t ( ! ,net ,price ,calculator ,improvem5t ,act1 su* calculator %all meet ! requirem5ts ( p>agraph 7#d742 & 7#d7 by ins]t+ aft] p>agraph 7#c7 ! foll[+3 7#d7 ,m9imum requirem5ts = net price calculators ,n lat] ?an #a ye> aft] ! date ( enactm5t ( ! ,net ,price ,calculator ,improvem5t ,act1 a net price calculator = an in/itution ( high] education %all1 at a m9imum1 meet ! foll[+ requirem5ts3 7,a7 ,! l9k = ! calculator-- 7i7 is cle>ly label$ z a net price calculator & prom95tly1 cle>ly1 & conspicu\sly 79 su* size & contra/ 7su* z %ade7 t x is readily noticeable & readable7 po/$ 9 locations on ! in/itution's website :]e in=mation on co/s & aid is provid$ 7su* z f9ancial aid1 prospective /ud5ts1 or tuition & fees web pages72 7ii7 mat*es 9 size & font to ! o!r prom95t l9ks on ! prim>y m5u2 & 7iii7 may also be includ$ on ! in/itution's compliance web page1 :i* conta9s in=mation relat+ to compliance ) ,f$]al1 ,/ate1 & local laws4 7,b7 ,! input scre5 = ! net price calculator displays a *>t ( ! net prices = /ud5ts receiv+ ,f$]al /ud5t f9ancial aid "u title ,,iv 7z requir$ by subsection 7i77#e77 = ! mo/ rec5t academic ye> = :i* data are available1 disaggregat$ by income categories4 7,c7 ,! results scre5 = ! calculator specifies ! foll[+ in=mation3 7i7 ,! individual net price 7z calculat$ "u p>agraph 7#b77 = ! individual /ud5t1 :i* is ! mo/ visually prom95t figure on ! results scre51 includ+ a /atem5t (-- 7,i7 ! ye> = :i* ! net price applies2 & 7,,ii7 ! ye> f :i* ! data 0 us$ to det]m9e t net price4 7ii7 ,co/ ( att5dance1 includ+-- 7,i7 ! total e/imat$ co/ = a /ud5t to complete ! program ( /udy1 bas$ on normal "t = completion (1 or graduation f1 ! /ud5t's p>ticul> program ( /udy2 7,,ii7 ! total annual co/ ( att5dance2 7,,iii7 annual tuition & fees2 7,,iv7 av]age annual co/ ( room & bo>d = ! in/itution = a fir/-"t1 full-"t und]graduate /ud5t enroll$ 9 ! in/itution2 7,v7 av]age annual co/ ( books & supplies = a fir/-"t1 full-"t und]graduate /ud5t enroll$ 9 ! in/itution2 7,,vi7 e/imat$ annual co/ ( o!r exp5ses 7includ+ p]sonal exp5ses & transportation7 = a fir/-"t1 full-"t und]graduate /ud5t enroll$ 9 ! in/itution2 & 7,,vii7 a /atem5t (-- 7aa7 ! ye> = :i* ea* co/ describ$ 9 ?is clause applies2 & 7bb7 ! ye> f :i* ! data 0 us$ to det]m9e ea* co/ describ$ 9 ?is clause4 7iii7 ,e/imat$ total ne$-bas$ grant aid & m]it-bas$ grant aid1 f ,f$]al1 ,/ate1 & in/itutional s\rces1 t may be available to ! individual /ud5t1 %[+ ! subtotal = ea* category & ! total ( all s\rces ( grant aid1 & disaggregat$ by academic ye> = normal "t = completion (1 or graduation f1 ! /ud5t's p>ticul> program ( /udy4 7iv7 ,p]c5tage ( ! fir/-"t1 full-"t und]graduate /ud5ts enroll$ 9 ! in/itution t receiv$ any type ( grant aid describ$ 9 clause 7iii71 disaggregated by _! fir/ ye> & subsequ5t ye>s ( enrollm5t up to ! numb] ( ye>s = normal completion (1 or graduation f1 _! p>ticul> program ( /udy4 7v7 ,! disclaim] describ$ 9 p>agraph 7#f74 7vi7 ,9 ! case ( a calculator t-- 7,i7 includes que/ions to e/imate a /ud5t's 7or prospective /ud5t's7 eligibility = vet]ans' education b5efits 7z def9$ 9 section #dhj7 or educational b5efits = active duty s]vice memb]s1 su* b5efits are display$ on ! results scre5 9 a mann] t cle>ly di/+ui%es !m f ! grant aid describ$ 9 clause 7iii72 or 7,,ii7 does n include que/ions to e/imate eligibility = ! b5efits describ$ 9 subclause 7,i71 ! results scre5 indicates-- 7aa7 t c]ta9 /ud5ts 7or prospective /ud5ts7 may qualify = su* b5efits2 7bb7 /ates :y ! in/itution is n includ+ que/ions to e/imate a /ud5t's eligibility = su* b5efits2 & 7cc7 includes a l9k to an appropriate ,f$]al website t provides in=mation ab\t su* b5efits4 7,d7 ,! in/itution populates ! calculator ) data f n e>li] ?an #b academic ye>s prior to ! mo/ rec5t academic ye>4 7#e7 ,prohibition on use ( data collect$ by ! net price calculator ,a net price calculator = an in/itution ( high] education %all-- 7,a7 cle>ly indicate :i* que/ions are requir$ to be complet$ = an e/imate ( ! net price f ! calculator2 7,b7 9 ! case ( a calculator t reque/s contact in=mation f us]s1 cle>ly m>k su* reque/s z optional2 7,c7 prohibit any p]sonally id5tifiable in=mation provid$ by us]s f be+ sold or made available to ?ird p>ties2 & 7,d7 cle>ly /ate ,any in=mation t y provide on ?is site is confid5tial4 ,! ,net ,price ,calculator does n /ore y\r responses or require p]sonal id5tify+ in=mation ( any k9d44 4 #c4 ,univ]sal net price calculator ,section #acb7;h7 ( ! ,high] ,education ,act ( #aife 7#bj ,u4,s4,c4 #ajae;a7h771 z am5d$ by section #b1 is fur!r am5d$ by add+ at ! end ! foll[+3 7#g7 ,univ]sal net price calculator 7,a7 ,9 g5]al ,! ,secret>y may develop a univ]sal net price calculator t is h\s$ )9 ! ,dep>tm5t ( ,education1 ) ,dep>tm5t br&+1 & t may be bas$ on or utilize an exi/+ plat=m develop$ by a public or private entity1 t-- 7i7 enables us]s to answ] "o set ( que/ions & receive net prices = any in/itution t is requir$ to h a net price calculator "u ?is subsection2 7ii7 provides ! in=mation requir$ "u subp>agraphs 7,c7 & 7,d7 ( p>agraph 7#d7 = ea* in/itution = :i* a net price is be+ s\ght2 7iii7 is develop$ 9 consultation ) ! heads ( relevant ,f$]al ag5cies2 & 7iv7 be=e be+ f9aliz$ & publicly releas$1 is te/$ 9 accordance ) subp>agraph 7,b74 7,b7 ,consum] te/+ 7i7 ,9 g5]al ,if ! ,secret>y develops a univ]sal net price calculator "u subp>agraph 7,a71 ! ,secret>y1 9 consultation ) ! heads ( relevant ,f$]al ag5cies1 %all e/abli% a process to submit ! univ]sal net price calculator develop$ "u ?is p>agraph = consum] te/+ among repres5tatives ( /ud5ts 7includ+ l[-income /ud5ts1 fir/ g5]ation college /ud5ts1 adult /ud5ts1 & prospective /ud5ts71 /ud5ts' families 7includ+ l[-income families1 families ) fir/ g5]ation college /ud5ts1 & families ) prospective /ud5ts71 in/itutions ( high] education1 second>y s*ool & po/second>y c\nselors1 & nonpr(it consum] gr\ps4 7ii7 ,l5g? ( consum] te/+ ,! ,secret>y %all ensure t ! consum] te/+ la/s no long] ?an #f mon?s aft] ! process = consum] te/+ is develop$ "u clause 7i74 7iii7 ,use ( results ,! results ( consum] te/+ "u clause 7i7 %all be us$ 9 ! f9al developm5t ( ! univ]sal net price calculator4 7iv7 ,report+ requirem5t ,n lat] ?an #c mon?s aft] ! date ! consum] te/+ "u clause 7i7 concludes1 ! ,secret>y %all submit to ,congress ! f9al univ]sal net price calculator & a report detail+ ! results ( su* te/+1 includ+ :e!r ! ,secret>y add$ any additional items to ! calculator z a result ( su* te/+4 7v7 ,au?ority to modify ,! ,secret>y may modify ! def9itions1 t]ms1 =matt+1 & design ( ! univ]sal net price calculator bas$ on ! results ( consum] te/+ requir$ "u ?is p>agraph & be=e f9aliz+ ! calculator4 7#h7 ,report f ,secret>y ,n lat] ?an #a ye> aft] ! date ( enactm5t ( ! ,net ,price ,calculator ,improvem5t ,act1 ! ,secret>y %all submit a report to ,congress on /eps tak5 to raise aw>5ess ( net price calculators among prospective /ud5ts & families1 p>ticul>ly among /ud5ts 9 middle s*ool & high s*ool & /ud5ts f l[-income families4 4