Senate File 349 - Introduced SENATE FILE 349 BY COMMITTEE ON EDUCATION (SUCCESSOR TO SSB 1083) A BILL FOR An Act relating to the amount of tuition grant received by a 1 qualified resident student. 2 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA: 3 TLSB 2006SV (2) 87 kh/jh/rj
S.F. 349 Section 1. Section 261.12, subsection 1, Code 2017, 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 average resident tuition and mandatory fees 8 for that student for two semesters or the trimester or quarter 9 equivalent, less the base amount determined annually by the 10 college student aid commission, which base amount shall be 11 within ten dollars of the average tuition for two semesters or 12 the trimester equivalent of undergraduate study at the state 13 universities under institutions of higher learning governed by 14 the state board of regents , but in any event the base amount 15 shall not be less than four hundred dollars; or 16 b. For the fiscal year beginning July 1, 2015, and for each 17 succeeding fiscal year, six thousand dollars . 18 EXPLANATION 19 The inclusion of this explanation does not constitute agreement with 20 the explanation’s substance by the members of the general assembly. 21 This bill relates to the amount of an Iowa tuition grant 22 that may be awarded by the college student aid commission to a 23 qualified student enrolled full-time at an accredited private 24 institution. “Qualified student” is defined in current law as 25 a resident student who has established financial need and who 26 is making satisfactory progress toward graduation. 27 Currently, the amount of a tuition grant to a full-time 28 student is limited to the least of the student’s financial 29 need, $6,000, or the total tuition and mandatory fees for 30 that student for two semesters, or the trimester or quarter 31 equivalent, less the base amount, which is approximately the 32 average tuition for two semesters at the regents universities 33 but in any event not less than $400. The bill eliminates 34 the $6,000 limitation and establishes that the total amount 35 -1- LSB 2006SV (2) 87 kh/jh/rj 1/ 2
S.F. 349 of tuition grant to a full-time student shall not exceed the 1 total average resident tuition and mandatory fees at a regents 2 university. 3 -2- LSB 2006SV (2) 87 kh/jh/rj 2/ 2