It is the intent of the general assembly to encourage graduate student assistance which reduces or eliminates the tax liability on institutional assistance moneys for financial aid recipients and to assist in assuring that current and future needs for teaching faculty in Iowa are met. A graduate student financial assistance program is therefore established to provide financial assistance for Iowa resident students pursuing postgraduate programs that will qualify them to pursue careers in higher education in areas where there is or may be a shortage of teaching faculty.
The graduate student financial assistance program shall be administered by the commission. Moneys appropriated to the commission for the program shall be distributed to institutions in amounts which reflect the proportions that the number of Iowa resident graduate students enrolled at an institution bear to the total number of Iowa resident graduate students enrolled at all participating institutions. Institutions shall use the funds to provide financial assistance to qualifying Iowa resident graduate students.
90 Acts, ch 1253, §13
Iowa General Assembly
Search: Iowa Code 1995
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