House File 284 - Introduced HOUSE FILE 284 BY COMMITTEE ON EDUCATION (SUCCESSOR TO HSB 15) A BILL FOR An Act relating to the limitation on the annual amount of an 1 Iowa tuition grant paid to a qualified student. 2 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA: 3 TLSB 1546HV (1) 86 kh/sc
H.F. 284 Section 1. Section 261.12, subsection 1, Code 2015, is 1 amended to read as follows: 2 1. The amount of a tuition grant to a qualified full-time 3 student for the fall and spring semesters, or the trimester 4 equivalent, shall be the amount of the student’s financial need 5 for that period. However, a tuition grant shall not exceed the 6 lesser of: 7 a. The total tuition and mandatory fees for that student 8 for two semesters or the trimester or quarter equivalent, less 9 the base amount determined annually by the college student 10 aid commission, which base amount shall be within ten dollars 11 of the average tuition for two semesters or the trimester 12 equivalent of undergraduate study at the state universities 13 under the board of regents, but in any event the base amount 14 shall not be less than four hundred dollars ; or 15 b. For the fiscal year beginning July 1, 2013, and for each 16 following fiscal year, five thousand dollars . 17 EXPLANATION 18 The inclusion of this explanation does not constitute agreement with 19 the explanation’s substance by the members of the general assembly. 20 This bill removes the $5,000 cap on the amount of an Iowa 21 tuition grant that may be awarded by the college student aid 22 commission to a qualified student enrolled full time at an 23 accredited private institution. “Qualified student” is defined 24 in current law as a resident student who has established 25 financial need and who is making satisfactory progress toward 26 graduation. 27 -1- LSB 1546HV (1) 86 kh/sc 1/ 1