Text: S05061 Text: S05063 Text: S05000 - S05099 Text: S Index Bills and Amendments: General Index Bill History: General Index
PAG LIN 1 1 Amend Senate File 2181 as follows: 1 2 #1. Page 1, by inserting before line 1 the 1 3 following: 1 4 "Section 1. NEW SECTION. 261.52 IOWA RESIDENTS' 1 5 GUARANTEED STUDENT LOAN REPAYMENT PROGRAM. 1 6 1. A guaranteed student loan repayment program is 1 7 established, to be administered by the commission, for 1 8 Iowa resident students who meet all of the following 1 9 conditions: 1 10 a. The student was an Iowa resident at least six 1 11 months before and during the period of time of 1 12 enrollment in an accredited higher education 1 13 institution for which repayment of student loans is 1 14 sought. 1 15 b. The student files, or has already filed, a 1 16 state income tax return for the year in which 1 17 repayment is sought. 1 18 c. The student attended an Iowa community college, 1 19 a university under the control of the state board of 1 20 regents, or an accredited private institution as 1 21 defined in section 261.9. 1 22 d. The student graduated from one of the 1 23 institutions specified in paragraph "c" on or after 1 24 April 1, 1996. 1 25 e. The student is not receiving reimbursement or 1 26 forgiveness of any student loans under any other state 1 27 student loan repayment or forgiveness program. 1 28 f. The student has never defaulted on a loan 1 29 guaranteed by the commission or by the federal 1 30 government. 1 31 g. The student has a final cumulative grade point 1 32 average of at least 2.5 on a 4.0 scale or better, or 1 33 the equivalent of that grade point average. 1 34 2. The maximum annual reimbursement to an eligible 1 35 student shall equal an amount equal to ten percent of 1 36 the student's guaranteed student loan debt, provided, 1 37 however, that the total reimbursement to the student 1 38 shall not exceed the maximum total reimbursement 1 39 amount to which the student is entitled. 1 40 3. The maximum total reimbursement amount per 1 41 student is as follows: 1 42 a. For a student who has attended a two-year 1 43 institution, up to five thousand dollars. 1 44 b. For a student who has attended a four-year 1 45 institution, up to ten thousand dollars. 1 46 c. For a student who has attended a four-year 1 47 institution, and completed a post-graduate degree, up 1 48 to twenty-five thousand dollars. 1 49 4. The commission may adopt rules as necessary for 1 50 the administration and implementation of this 2 1 program." 2 2 #2. Title page, line 3, by inserting after the 2 3 word "circumstances" the following: "and establishing 2 4 a guaranteed student loan repayment program for Iowa 2 5 resident students who graduate from accredited higher 2 6 education institutions in this state and who remain 2 7 residents and file tax returns in the state of Iowa." 2 8 #3. By renumbering as necessary. 2 9 2 10 2 11 2 12 MERLIN E. BARTZ 2 13 SF 2181.501 76 2 14 kh/jw
Text: S05061 Text: S05063 Text: S05000 - S05099 Text: S Index Bills and Amendments: General Index Bill History: General Index
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