House
File
2176
-
Introduced
HOUSE
FILE
2176
BY
WESSEL-KROESCHELL
,
WINCKLER
,
HEDDENS
,
LENSING
,
KRESSIG
,
and
JACOBY
A
BILL
FOR
An
Act
providing
for
an
independent
study
of
student
debt
and
1
making
appropriations.
2
BE
IT
ENACTED
BY
THE
GENERAL
ASSEMBLY
OF
THE
STATE
OF
IOWA:
3
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2176
Section
1.
INDEPENDENT
STUDY
OF
STUDENT
DEBT
——
1
APPROPRIATION.
2
1.
There
is
appropriated
from
the
general
fund
of
the
3
state
to
the
college
student
aid
commission
for
the
fiscal
4
year
beginning
July
1,
2014,
and
ending
June
30,
2015,
the
5
following
amount,
or
so
much
thereof
as
is
necessary,
to
be
6
used
for
purposes
of
commissioning
the
study
of
student
debt
in
7
accordance
with
this
section:
8
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
$
100,000
9
2.
The
college
student
aid
commission,
in
collaboration
10
with
the
state
board
of
regents,
the
department
of
education,
11
and
the
economic
development
authority,
shall
use
funds
12
appropriated
pursuant
to
this
section
to
commission
13
an
independent
study
of
student
debt
at
Iowa’s
public
14
postsecondary
institutions
and
of
the
impact
of
student
debt
15
on
Iowa’s
citizens
and
economy.
16
3.
The
study
shall
include
but
not
be
limited
to
the
17
following
matters:
18
a.
The
reasons
average
student
loan
debt
at
Iowa’s
public
19
postsecondary
institutions
is
generally
higher
than
the
20
national
average.
21
b.
The
lifetime
impact
of
student
debt
on
the
individual’s
22
assets
and
net
worth
and
the
impact
on
family
finances
in
23
general.
24
c.
The
economic
impact
of
student
debt
on
the
economy
of
25
the
state
and
on
Iowa
families,
workforce,
communities,
housing
26
market,
and
business
climate.
27
d.
Measures
to
reduce
student
debt
levels,
increase
the
28
affordability
and
attainment
of
a
postsecondary
education,
and
29
improve
financial
aid
practices
and
financial
aid
funding
at
30
the
state’s
public
postsecondary
institutions.
31
e.
Measures
to
increase
consumer
education
and
provide
32
financial
counseling
to
students
considering
education
loans,
33
along
with
measures
to
provide
academic
support
for
students
34
at
risk
of
dropping
out.
35
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2176
f.
Measures
to
relieve
the
financial
burden
of
student
debt
1
on
an
individual.
2
g.
Measures
to
encourage
recent
college
graduates
to
remain
3
in
Iowa.
4
h.
The
demographic
characteristics
of
student
borrowers
5
and
the
impact
family
income
has
on
the
amount
of
student
debt
6
incurred
by
college
graduates.
7
i.
Other
issues
deemed
relevant
by
the
entity
conducting
8
the
study
in
order
to
fully
examine
the
socioeconomic
impact
9
of
student
debt
in
Iowa.
10
4.
The
state
board
of
regents
and
its
universities,
the
11
department
of
education
and
the
community
colleges,
and
12
the
economic
development
authority
shall
cooperate
with
the
13
commission
and
with
the
entity
conducting
the
study
and
shall
14
provide
to
the
entity
any
data
requested
by
the
entity
except
15
as
limited
by
chapter
22
and
by
the
federal
Family
Educational
16
Rights
and
Privacy
Act,
20
U.S.C.
§1232g.
17
5.
The
commission
shall
submit
a
report
of
the
findings
of
18
the
study
along
with
recommendations,
if
any,
of
the
entity
19
conducting
the
study,
and
recommendations,
if
any,
of
the
20
commission,
the
state
board
of
regents,
the
department
of
21
education,
and
the
economic
development
authority,
in
a
report
22
to
the
general
assembly
by
January
14,
2015.
23
EXPLANATION
24
The
inclusion
of
this
explanation
does
not
constitute
agreement
with
25
the
explanation’s
substance
by
the
members
of
the
general
assembly.
26
This
bill
directs
the
college
student
aid
commission,
in
27
collaboration
with
the
state
board
of
regents,
the
department
28
of
education,
and
the
economic
development
authority,
to
use
29
$100,000
in
funds
appropriated
in
the
bill
to
commission
30
an
independent
study
of
student
debt
at
Iowa’s
public
31
postsecondary
institutions
and
the
impact
of
student
debt
on
32
Iowa’s
citizens
and
economy.
The
bill
appropriates
the
moneys
33
to
the
college
student
aid
commission
for
the
2014-2015
fiscal
34
year.
35
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The
bill
specifies
issues
to
be
studied,
including
any
1
issues
deemed
relevant
by
the
entity
conducting
the
study
in
2
order
to
fully
examine
the
socioeconomic
impact
of
student
debt
3
in
Iowa.
4
The
state
board
of
regents
and
its
universities
and
the
5
department
of
education
and
the
community
colleges
and
the
6
economic
development
authority
are
directed
to
cooperate
with
7
the
commission
and
with
the
entity
conducting
the
study
and
8
must
provide
to
the
entity
any
data
requested
by
the
entity
9
except
as
limited
by
state
and
federal
laws
relating
to
student
10
records.
11
The
commission
shall
submit
a
report
of
the
findings
of
12
the
study
along
with
recommendations,
if
any,
of
the
entity
13
conducting
the
study,
the
commission,
the
state
board
of
14
regents,
the
department
of
education,
and
the
economic
15
development
authority,
in
a
report
to
the
general
assembly
by
16
January
14,
2015.
17
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