House
File
18
-
Introduced
HOUSE
FILE
18
BY
HUNTER
A
BILL
FOR
An
Act
establishing
a
worker
shortage
loan
forgiveness
program
1
to
be
administered
by
the
college
student
aid
commission.
2
BE
IT
ENACTED
BY
THE
GENERAL
ASSEMBLY
OF
THE
STATE
OF
IOWA:
3
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Section
1.
Section
261.2,
subsection
8,
Code
2019,
is
1
amended
to
read
as
follows:
2
8.
Submit
by
January
15
annually
a
report
to
the
general
3
assembly
which
provides,
by
program,
the
number
of
individuals
4
who
received
loan
forgiveness
or
loan
repayment
in
the
previous
5
fiscal
year,
the
amounts
paid
to
or
on
behalf
of
individuals
6
under
sections
261.73
,
261.112
,
and
261.116
,
and
261.118,
7
and
the
institutions
from
which
individuals
graduated,
any
8
other
information
specified
under
sections
261.73,
261.112,
9
261.116,
and
261.118,
and
that
includes
any
proposed
statutory
10
changes
relating
to
loan
forgiveness
or
loan
repayment
programs
11
administered
by
the
commission,
and
the
commission’s
findings
12
and
recommendations.
13
Sec.
2.
NEW
SECTION
.
261.118
Worker
shortage
loan
14
forgiveness
program.
15
1.
A
worker
shortage
loan
forgiveness
program
is
16
established
to
be
administered
by
the
commission.
An
17
individual
is
eligible
for
the
program
if
the
individual
18
graduated
from
a
school
district
or
accredited
nonpublic
school
19
in
this
state
on
or
after
January
1,
2018,
is
a
resident
of
20
the
state
who
successfully
completed
a
career
and
technical
21
education
program
or
a
career
option
program,
or
graduated
22
with
an
associate
degree
from
a
community
college
established
23
pursuant
to
chapter
260C
or
graduated
with
a
baccalaureate
24
degree
or
postbaccalaureate
degree
from
an
institution
of
25
higher
education
governed
by
the
state
board
of
regents
or
from
26
an
accredited
private
institution,
and
meets
either
of
the
27
following
conditions:
28
a.
Is
employed
and
residing
in
this
state
and
has
been
29
employed
and
residing
in
this
state
for
not
less
than
two
30
consecutive
years
within
three
years
of
successfully
completing
31
a
career
and
technical
education
program
or
a
career
option
32
program
or
receiving
an
associate
degree
from
a
community
33
college.
34
b.
Is
employed
and
residing
in
this
state
and
has
been
35
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employed
and
residing
in
this
state
for
not
less
than
four
1
consecutive
years
within
five
years
of
graduating
with
a
2
baccalaureate
degree
or
postbaccalaureate
degree
from
an
3
institution
of
higher
learning
governed
by
the
state
board
of
4
regents
or
from
an
accredited
private
institution.
5
2.
Each
applicant
for
loan
forgiveness
shall,
in
accordance
6
with
the
rules
of
the
commission,
do
the
following:
7
a.
Complete
and
file
an
application
for
worker
shortage
8
loan
forgiveness.
The
individual
shall
be
responsible
for
9
the
prompt
submission
of
any
information
required
by
the
10
commission.
11
b.
File
a
new
application
and
submit
information
as
12
required
by
the
commission
annually
on
the
basis
of
which
the
13
applicant’s
eligibility
for
the
renewed
loan
forgiveness
will
14
be
evaluated
and
determined.
15
c.
Complete
and
return
on
a
form
approved
by
the
commission
16
an
affidavit
of
eligibility
verifying
that
the
applicant
meets
17
the
requirements
of
subsection
1.
18
3.
The
annual
amount
of
worker
shortage
loan
forgiveness
19
shall
not
exceed
the
following:
20
a.
For
an
individual
who
meets
the
conditions
of
21
subsection
1,
paragraph
“a”
,
the
combined
resident
tuition
22
rate
established
for
the
two
years
following
the
individual’s
23
successful
program
completion
or
graduation
from
the
community
24
college,
or
one
hundred
percent
of
the
individual’s
total
25
federally
guaranteed
Stafford
loan
amount
under
the
federal
26
family
education
loan
program
or
the
federal
direct
loan
27
program
and
any
private
student
loan
issued
by
a
lender
28
that
meets
standards
prescribed
by
the
commission
including
29
principal
and
interest,
whichever
amount
is
less.
30
b.
For
an
individual
who
meets
the
conditions
of
31
subsection
1,
paragraph
“b”
,
the
combined
resident
tuition
32
rate
established
for
institutions
of
higher
learning
governed
33
by
the
state
board
of
regents
for
the
four
years
following
34
the
individual’s
graduation
from
the
regents
university
or
35
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accredited
private
institution,
or
one
hundred
percent
of
the
1
individual’s
total
federally
guaranteed
Stafford
loan
amount
2
under
the
federal
family
education
loan
program
or
the
federal
3
direct
loan
program
and
any
private
student
loan
issued
by
4
a
lender
that
meets
standards
prescribed
by
the
commission
5
including
principal
and
interest,
whichever
amount
is
less.
6
4.
The
commission
shall
submit
in
a
report
to
the
general
7
assembly
by
January
1,
annually,
the
number
of
individuals
8
who
received
loan
forgiveness
pursuant
to
this
section,
the
9
postsecondary
institutions
from
which
the
individuals
graduated
10
or
successfully
completed
a
career
and
technical
education
11
program
or
career
option
program,
where
in
the
state
program
12
participants
are
employed,
program
participants’
employment
13
classifications
or
types
of
employment,
the
amount
paid
to
each
14
program
participant,
and
other
information
identified
by
the
15
commission
as
indicators
of
outcomes
from
the
program.
16
5.
The
commission
shall
adopt
rules
pursuant
to
chapter
17A
17
to
administer
this
section.
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
creates
a
worker
shortage
loan
forgiveness
program
22
to
be
administered
by
the
college
student
aid
commission.
The
23
program
is
open
to
individuals
who
graduated
from
an
Iowa
high
24
school
in
2018
or
later,
are
employed
and
reside
in
the
state,
25
and
successfully
completed
a
career
and
technical
education
26
program
or
career
option
program
or
received
a
degree
from
an
27
accredited
postsecondary
institution
in
the
state.
28
The
individual
must
also
have
been
employed
in
and
a
resident
29
of
this
state
for
a
period
of
two
consecutive
years
within
30
three
years
of
successfully
completing
a
career
and
technical
31
education
program
or
career
option
program
or
receiving
an
32
associate
degree
from
a
community
college,
or
must
have
been
33
employed
in
and
a
resident
of
this
state
for
a
period
of
four
34
consecutive
years
within
five
years
of
graduating
with
a
35
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baccalaureate
degree
or
postbaccalaureate
degree
from
a
regents
1
university
or
accredited
private
institution.
2
In
the
case
of
an
individual
who
attended
a
community
3
college,
the
total
amount
of
worker
shortage
loan
forgiveness
4
shall
not
exceed
the
combined
resident
tuition
rate
established
5
for
the
two
years
following
the
individual’s
successful
program
6
completion
or
graduation
from
the
community
college,
or
100
7
percent
of
the
individual’s
total
federal
loan
program
and
8
private
student
loan
amount
including
principal
and
interest,
9
whichever
amount
is
less.
10
In
the
case
of
an
individual
who
attended
a
regents
11
university
or
accredited
private
institution,
the
annual
12
amount
of
worker
shortage
loan
forgiveness
shall
not
exceed
13
the
combined
resident
tuition
rate
established
for
regents
14
universities
for
the
four
years
following
the
individual’s
15
graduation,
or
100
percent
of
the
individual’s
total
federal
16
loan
program
and
private
student
loan
amount
including
17
principal
and
interest,
whichever
amount
is
less.
The
18
individual
is
eligible
for
the
loan
forgiveness
program
for
not
19
more
than
four
consecutive
years.
20
The
bill
requires
the
commission
to
submit
a
report
to
the
21
general
assembly
by
January
1,
annually,
with
information
22
identified
as
indicators
of
outcomes
from
the
program.
23
The
bill
makes
corresponding
changes
relating
to
a
current
24
loan
forgiveness
reporting
requirement.
25
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