H.R. 4983, Strengthening Transparency in Higher Education Act

Cost Estimate
July 15, 2014

As ordered reported by the House Committee on Education and the Workforce on July 10, 2014

H.R. 4983 would reserve $1 million from funding for the Department of Education to replace the current College Navigator website with a new website and change the type of information that the website would need to provide. The bill also would amend the requirements for the department’s net-price calculator, which provides details on the costs of post-secondary education.

CBO estimates that implementing H.R. 4983 would require $1 million for administrative costs for the department over the 2015-2019 period, assuming the availability of appropriated funds.

Enacting the bill would not affect direct spending or revenues; therefore, pay-as-you-go procedures do not apply.

H.R. 4983 contains no intergovernmental or private-sector mandates as defined in the Unfunded Mandates Reform Act and would impose no costs on state, local, or tribal governments.