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COLUMBUS – The Senate Workforce and Higher Education Committee held its first hearing on the Higher Education Return on Investment Act, sponsored by State Representatives Adam Mathews (R-Lebanon) and Jim Thomas (R- Jackson Township).
House Bill 27 passed with a sweeping vote of 88-1 in the Ohio House. The legislation will require institutions of higher education to give parents and students a clear and standardized financial cost and aid disclosure form.
“I appreciate the Senate continuing hearings on the Higher Education Return on Investment Act which will provide parents and students with much-needed financial transparency,” said Mathews.
“This is a win for institutions of higher education to show the value added by their degrees, and a win for students to understand the total cost of their education and earning potential post-graduation,” said Thomas.
The bill requires the financial cost and aid disclosure form to provide the following information to full-time students pursuing a degree:
The form must be provided to students prior to the institution’s student admission decision deadline.
House Bill 27 will continue to receive hearings in the Senate Workforce and Higher Education Committee.