Truth in Tuition Act of 2021
This bill requires institutions of higher education (IHEs) that participate in federal student-aid programs to provide admitted students with information related to tuition and fees. Specifically, the bill requires an IHE to provide to a student (1) a multi-year tuition and fee schedule; or (2) a single-year tuition and fee schedule and a nonbinding, multi-year estimate of net costs after financial aid is awarded. The Department of Education may waive this requirement under certain circumstances.
To amend the Higher Education Act of 1965 to require certain 
 institutions of higher education to provide notice of tuition levels 
                             for students.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Truth in Tuition Act of 2021''.

SEC. 2. NOTICE OF TUITION LEVELS.

    (a) Amendment.--Section 487(a) of the Higher Education Act of 1965 
(20 U.S.C. 1094(a)) is amended by adding at the end the following new 
paragraph:
            ``(30)(A) The institution will provide to each student 
        admitted to an undergraduate or graduate program--
                    ``(i) a multi-year tuition and fee schedule; or
                    ``(ii) a single-year tuition and fee schedule, and 
                a nonbinding, multi-year estimate of net costs after 
                all financial aid is awarded, assuming constant family 
                and student income, assets, and relevant circumstances.
            ``(B) Multi-year schedules and estimates required by 
        subparagraph (A)--
                    ``(i) may include a percentage or dollar increase 
                or decrease of any size the institution determines to 
                be appropriate from one year to the next; and
                    ``(ii) shall indicate, on a year-by-year basis, 
                costs for the normal duration of such student's 
                undergraduate or graduate program.
            ``(C) Institutions that elect a single-year tuition and fee 
        schedule under subparagraph (A)(ii) shall include with each 
        multi-year estimate provided under such subparagraph the 
        average deviation, in percentage terms, between previous year 
        estimates and actual net costs for students at their 
        institution.
            ``(D) The Secretary shall waive the requirements of 
        subparagraph (A) if the institution demonstrates to the 
        Secretary that the requirements of subparagraph (A) are not 
        practicable because of the occurrence of one or more events 
        causing the institution severe economic distress, dramatic 
        reduction of State or Federal aid, or any other circumstance 
        determined to be appropriate by the Secretary.''.
    (b) Effective Date.--The amendment made by subsection (a) shall be 
effective on the date that is 120 days after the date of enactment of 
this Act.
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Truth in Tuition Act of 2021
To amend the Higher Education Act of 1965 to require certain institutions of higher education to provide notice of tuition levels for students.
Truth in Tuition Act of 2021
Rep. Cartwright, Matt