Female student using computer while sitting in the lobby of Sutliff Hall at CU-Bloomsburg.

Affordability & Transparency (Act 69)

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What is Act 69 of 2024?

Act 69 of 2024 for College Affordability and Transparency, requires Institutions of Higher Education (IHEs) to present financial information in greater detail to students and to provide financial aid exit counseling at the end of a student’s final academic term. The act was signed into law by Governor Josh Shapiro on July 17, 2024.

Act Requirements

Requirement Summary

Institutions of Higher Education (IHEs) must post online every mandatory fee in advance of the start of the academic term for which the fee will be charged and included on a tuition bill. The posting must include the purpose of the fee and a description of how it will be used.

Requirement	Information / Link
Post online every mandatory fee in advance of the start of the academic term for which the fee will be charged and included on a tuition bill.	Undergraduate Tuition Undergraduate Student Fees
Post online from the prior academic year the total amount of mandatory fees collected with a detailed description / use of each.

Requirement Summary

Institutions of Higher Education (IHEs) must provide prospective students with extensive cost and financial aid information as part of the admission or financial aid offer process.

Requirement	Information / Link
Provide prospective students with extensive cost and financial aid information as part of the admission or financial aid offer process.	Understanding Financial Aid Apply for Financial Aid
Tuition for the first year, a list of fees (mandatory and optional), a breakdown of room and meal options, books and supplies costs.	Undergraduate Tuition Undergraduate Student Fees Housing & Meal Plan Costs
Estimated financial aid including scholarships, grants, and loans and whether each needs to be repaid.	Scholarships Loans and Grants
Student employment options.	Student Employment
A net cost of attendance (costs minus scholarships and grants) and an estimate of the total cost of attendance for subsequent years.	Clear Cost Calculator Cost of Attendance
Information on whether or not financial aid is renewable for each year, and the requirements in subsequent years to renew.	Scholarships Federal SAP PA State Grant SAP
A history of the previous academic year’s tuition and future tuition/fee estimates for each year for the student to complete their major.	Historical and Estimated Future Costs

Requirement Summary

Institutions of Higher Education (IHEs) must provide financial aid exit counseling to students at the end of their final academic term, unless a student elects not to participate. Federal Student Aid (FSA) Federal Loan Exit Counseling does not supplant this requirement. Counseling may be in-person or online, and IHEs may partner with the Pennsylvania Higher Education Assistance Agency or a similar entity.

Requirement	Information / Link
A list of all available federal and state programs including, if available, related websites and contact information that may assist with payments, reductions, or forgiveness of student loans.	Payments Reductions Forgiveness
All available repayment options on student loans known to the IHE and, if available, a link to an online student loan repayment calculator.	Repayment Options Student Loan Repayment Calculator
When student's loan repayment begins and information on delaying repayment.	Beginning and Delaying Repayments
If a student withdraws, they must receive the same information. If counselling cannot occur, the packet of information must be mailed to the student at their last known address.	Loan Counseling For virtual or in person exit counseling please reach out to your designated financial aid counselor.