1. Short title This Act may be cited as the Understanding the True Cost of College Act of 2019 . 2. Institution financial aid offer form Section 484 of the Higher Education Opportunity Act ( 20 U.S.C. 1092 note) is amended to read as follows: 484. Institution Financial Aid Offer Form (a) Standard format and terminology The Secretary of Education, in consultation with the heads of relevant Federal agencies, shall develop standard terminology and a standard format for financial aid offer forms based on recommendations from representatives of students, veterans, servicemembers, students’ families, institutions of higher education (including community colleges, for-profit institutions, four-year public institutions, and four-year private nonprofit institutions), financial aid experts, secondary school and postsecondary counselors, nonprofit organizations, and consumer groups. (b) Key required contents for offer form The standard format developed under subsection (a) shall include, in a consumer-friendly manner that is simple and understandable, a form titled Financial Aid Offer , which shall include the following items clearly separated from each other with separate headings, and, if in paper format, listed on the first page of the financial aid offer form: (1) Cost information (A) Information on the student's estimated cost of attendance, including the following: (i) Total direct costs, including the component totals each for— (I) tuition and fees, as determined under section 472 of the Higher Education Act of 1965 ( 20 U.S.C. 1087ll ); and (II) college-sponsored housing and food costs (as determined based on the costs for room and board under such section). (ii) Total estimated other expenses, including— (I) the component totals each for housing and food costs for students who reside off-campus