HF 154 (LSB 1864YH (4) 91)

HOUSE FILE 154

BY  SIEGRIST

A BILL FOR

An Act providing for a waiver of undergraduate tuition and mandatory fees and a stipend at regents institutions for Iowa residents who receive the maximum score on certain standardized tests.
BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA:

    Section 1.  Section 262.9, Code 2025, is amended by adding the following new subsection:
   NEW SUBSECTION.  39.  Direct the institutions of higher learning governed by the board to waive undergraduate tuition and mandatory fees for a resident of Iowa who receives the maximum score possible on the college readiness assessment administered by ACT, inc., or the college readiness assessment administered by the college board and to provide the student with a stipend of five thousand dollars per semester. The board may require that documentation of the score be provided in order to qualify for such a waiver and stipend. A student must make satisfactory academic progress toward graduation in order to continue to receive such a waiver and stipend. The board may establish standards for such progress.
EXPLANATION
The inclusion of this explanation does not constitute agreement with
the explanation’s substance by the members of the general assembly.
   This bill requires regents institutions to waive undergraduate tuition and mandatory fees for a resident of Iowa who receives the maximum score possible on the college readiness assessment administered by ACT, inc., or the college readiness assessment administered by the college board and to provide the student with a stipend of $5,000 per semester. The board may require that documentation of the score be provided in order to qualify for such a waiver and stipend. A student must make satisfactory academic progress toward graduation in order to continue to receive such a waiver and stipend.