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house Bill H.R. 4715

Should Colleges Provide Prospective Students a Four-Year Cost Estimate for Tuition & Fees?

Argument in favor

A college education requires a significant financial investment, so students and their families should at least get a non-binding four year cost estimate for tuition and fees from colleges.

Allie's Opinion
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03/27/2018
I'm in my fourth year of college and EVERY YEAR I have received notification that the tuition and fees for my school will go up the following year. I am fortunate to have scholarships and a good portion of my school paid for, but the increasing cost is still a burden for my family. When I was looking at universities, cost was a huge factor. We have paid much more than we expected due to these rising fees.
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Arnold's Opinion
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03/27/2018
As a current college student it’d be convenient and appreciated if I knew how much I’d be paying for prior to the year starting. Now in my third year, my tuition’s been fluctuating and for someone who doesn’t receive scholarships or many grants, this would be amazing.
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Raymond 's Opinion
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03/27/2018
Here’s the real rub on this. Most ALL colleges are ran by LIBERALS and THEY have made college more expensive than people can afford. (For horrible education I might add.) so they come up with nifty little programs to show they (care) about the costs and the students. Well golly gee wiz with all the bells and whistles it’s still outrageous for our children and the parents in most cases that have to pay, well unless your an illegal immigrant. Than other people pay your bill. While most professors sit in their office and collect s nice fat check and of course the dean and their minions also while students actually teach the class. Student aids and the like. Who’s really ripping off America and the education there of?????
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Argument opposed

College students and their families are responsible for their own budgeting around the cost of college, and a four-year, non-binding cost estimate may not be that helpful.

JTJ's Opinion
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03/27/2018
Yes they should, but this is not the business of the federal government.
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Nick-Papagiorgio's Opinion
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03/27/2018
If you can’t do this math on your own, you probably aren’t College material.
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TuckerWantsLiberty's Opinion
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03/29/2018
Not Congress's job. Not the government's job. You want college to stop climbing in expense? Get the government out of the business of student loans.
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What is House Bill H.R. 4715?

This bill — the Truth in Tuition Act — would require colleges and universities to provide students and parents with a four-year, non-binding price schedule for tuition and fees to help students and families plan for the increasing costs of higher education. Colleges and universities would be allowed to include an increase or decrease of any size that’s determined to be appropriate by the institution.

The requirement would take effect 120 days after this bill’s enactment, but could be waived if there are one or more events causing an institution severe economic distress, dramatic reduction of state or federal aid, or other circumstances determined appropriate for a waiver by the Secretary of Education.

Impact

Prospective college students and their families; colleges and universities; and the Secretary of Education.

Cost of House Bill H.R. 4715

A CBO cost estimate is unavailable.

More Information

In-Depth: Sponsoring Rep. Matt Cartwright (D-PA) introduced this bill to help students and their families plan for the costs of higher education by requiring colleges and universities to provide a four-year price model for students and parents:

“Skyrocketing college tuition costs limit opportunity and place many students and their families in serious debt. Without having the full picture of college costs, students and their families are forced to take on more student loan debt than they originally anticipated. This bipartisan bill will help create a clear path forward so that unforeseen costs don’t inhibit students’ ability to achieve their education goals.”

Original cosponsor Rep. Peter Roskam (R-IL) added:

“A college education is a key factor in an individual’s future success and unpredictable costs should not make this an unattainable goal. Colleges and universities that rely on federal dollars owe it to students and families to provide truth in tuition. Making this process more transparent gives families the peace-of-mind to better plan for college and relieves some of the anxiety that comes along with it.”

This legislation has the support of 13 cosponsors in the House, including 12 Democrats and one Republican.


Media:

Summary by Eric Revell

(Photo Credit: zimmytws / iStock)

AKA

Truth in Tuition Act of 2017

Official Title

To amend the Higher Education Act of 1965 to require certain institutions of higher education to provide notice of tuition levels for students.

bill Progress


  • Not enacted
    The President has not signed this bill
  • The senate has not voted
  • The house has not voted
      house Committees
      Committee on Education and Labor
    IntroducedDecember 21st, 2017
    I'm in my fourth year of college and EVERY YEAR I have received notification that the tuition and fees for my school will go up the following year. I am fortunate to have scholarships and a good portion of my school paid for, but the increasing cost is still a burden for my family. When I was looking at universities, cost was a huge factor. We have paid much more than we expected due to these rising fees.
    Like (127)
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    Share
    Yes they should, but this is not the business of the federal government.
    Like (96)
    Follow
    Share
    If you can’t do this math on your own, you probably aren’t College material.
    Like (21)
    Follow
    Share
    As a current college student it’d be convenient and appreciated if I knew how much I’d be paying for prior to the year starting. Now in my third year, my tuition’s been fluctuating and for someone who doesn’t receive scholarships or many grants, this would be amazing.
    Like (18)
    Follow
    Share
    Not Congress's job. Not the government's job. You want college to stop climbing in expense? Get the government out of the business of student loans.
    Like (18)
    Follow
    Share
    Here’s the real rub on this. Most ALL colleges are ran by LIBERALS and THEY have made college more expensive than people can afford. (For horrible education I might add.) so they come up with nifty little programs to show they (care) about the costs and the students. Well golly gee wiz with all the bells and whistles it’s still outrageous for our children and the parents in most cases that have to pay, well unless your an illegal immigrant. Than other people pay your bill. While most professors sit in their office and collect s nice fat check and of course the dean and their minions also while students actually teach the class. Student aids and the like. Who’s really ripping off America and the education there of?????
    Like (13)
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    Sure, why not. Is a Bill really necessary to accomplish this? The estimate should be continually monitored each year with student and guidance counselor or other staff to ensure it is current and reflects real world costs, as well as maintaining communication between educator and student and family. Also, the school may be able to guide families on how to address costs. It should also include a prospective ROI - Return in Investment, based on current trends in the student’s potential industries.
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    A school budget is invaluable to a young (or any) student. There should also be a “package deal” for tuition, books, supplies, parking, etc.
    Like (6)
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    This isn’t in the federal government’s power! Lets not have them overstepping their bounds, even if it is a good idea.
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    not as simple as doing the math. In my experiences the colleges I have experience with frequently moved the carrot, adding on requirements and removing ones they originally mandated. It drives up the cost and your stuck having to pay it. Having sent multiple kids to college as well as attending myself
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    The government shouldn’t mandate this. This isn’t a government issue. It’s a college issue. The government needs to keep its sticky little fingers out of things it doesn’t belong in. Colleges should do this on their own will
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    YES AND AN ACCURATE ONE TOO !! BETTER YET ! FREE EDUCATION FOR ALL !!
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    Knowing the price and performance is key to smart shopping.
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    Yes. These 18 year olds have no idea what kind of impacts the cost of education will have on their lives. Making this info readily accessible should be a priority for any organization that values the quality of life of their alumni post graduation.
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    I think providing four year quotes for colleges will make kids rethink where they go. This could potentially lead to more shopping around by students which could lead to more competitive pricing.
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    Of course universities and colleges should be transparent with all their potential and actual consumers about charges and costs for attendance at their institutions. I am shocked this isn’t routinely done already. I remember dealing with all the paperwork involved in applying for financial assistance for college, and was blessed to be able to afford to pay for expert assistance. Not everyone has the sophistication, money or knowledge for projecting their expenses and income for a decade or more into the future. If we are to keep up with other developed nations, we need a plentitude of well-educated young adults. Don’t make it harder for the disadvantaged to improve their status and income. Make it POSSIBLE and PROBABLE.
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    Absolutely. College is becoming more expensive by the month, and to some completely unaffordable. It should be the college’s duty to inform prospective students and their families of the costs it takes to seek a higher education there. It needs to be a mandatory requirement due to the importance and strain it can cause on a family’s finances.
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    When students enroll in college, they should be able to have a budget for their future in place. Knowing that tuition will raise every year just puts added extra stress on students. I would be curious to see what drop out rates are and if drop out rates are due to increasing costs. Not all kids qualify for scholarships. Even with awesome grades throughout school, they are still denied scholarships. The reality of kids graduating and paying off student loans at the end of their college term is already a stressor. If they can't find a job right away in their field, that adds to their stress. And if they budgeted their loans based on their first year entry, sometimes their pay off can be doubled from their original calculations. Not only should a cost estimate be provided, but counselors should be helping them plan their budget and work numbers to show them at the end of a four year term, this is what you will owe back and give estimates on what their monthly payment would be.
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    This should be taken further. Students should lock in their price for 5 years guaranteeing them no increase so long as they maintain good status.
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    Too many hidden fees and nasty surprises. They should also disclose when they’re in dire financial trouble, as I’ve known three of my friends to attend three different colleges that eventually closed within a year of their enrollment, sticking them with indisputable bills and useless credits.
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