What is Act 69 of 2024?
Act 69 of 2024 for College Affordability and Transparency requires Institutions of Higher Education 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:
Student Fee Transparency (Section 2004-H)
Institutions of Higher Education 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.
Req:
- 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.
- Post online from the prior academic year the total amount of mandatory fees collected, with a detailed description of/use of each.
- Fee Allocation Detail: (plus more)
- More TBA
| Fee | 2024–25 |
|---|---|
| Tech Fee | 4,178,275.80 |
| Inst. Fee | 8,506,054.68 |
| Wellness Fee | $2,914,985.00 |
| Student Services Fee | $3,545,090.25 |
| I-Card | $123,955.50 |
| Transportation | $ 255,819.00 |
| Registration Fee | $654,714.00 |
| Activity Fee | $8,162,340.00 |
Higher Education Cost Transparency (Section 2005-H)
Institutions of Higher Education must provide prospective students with extensive cost and financial aid information as part of the admission or financial aid offer process.
Req:
- Provide prospective students with extensive cost and financial aid information as part of the admission or financial aid offer process.
- Tuition for the first year, a list of fees (mandatory and optional), a breakdown of room and meal options, books and supplies costs.
- Estimated financial aid, including scholarships, grants, and loans, and whether each needs to be repaid.
- Student employment options.
- A net cost of attendance (costs minus scholarships and grants) and an estimate of the total cost of attendance for subsequent years.
- Information on whether or not financial aid is renewable for each year, and the requirements in subsequent years to renew.
- A history of the previous academic year’s tuition and future tuition/fee estimates for each year for the student to complete their major.
- TBA
Exit Counseling (Section 2006-H)
Institutions of Higher Education 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 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.
Req:
- 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.
- All available repayment options on student loans known to the IHE and, if available, a link to an online student loan repayment calculator.
- When a student’s loan repayment begins, and information on delaying repayment.
- 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.
- What to Do When You Are Ready to Graduate
- More TBA
- For virtual or in-person exit counseling, please reach out to financial-aid@iup.edu to set up an appointment.
Supplementary Information
- Cost Estimators
- Tuition, Fees, and Cost of Attendance
- Housing and Meal Plan Costs
- Financial Aid Information
- More TBA