House File 2362 - Reprinted HOUSE FILE 2362 BY COMMITTEE ON HIGHER EDUCATION (SUCCESSOR TO HSB 549) (As Amended and Passed by the House March 12, 2026 ) A BILL FOR An Act relating to tuition charged to resident undergraduate 1 students enrolled at regents institutions. 2 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA: 3 HF 2362 (3) 91 je/ns/md

H.F. 2362 Section 1. Section 262.9, subsection 19, Code 2026, is 1 amended by adding the following new paragraph: 2 NEW PARAGRAPH . d. Limit any increase in the amount of 3 tuition charged by an institution of higher education under 4 the board’s control to a resident undergraduate student to the 5 average of the increases in the higher education price index 6 in the previous three years. This paragraph does not apply 7 to a resident undergraduate student in an academic year if 8 the tuition amount that can be charged to the student in the 9 academic year is limited pursuant to subsection 43. 10 Sec. 2. Section 262.9, Code 2026, is amended by adding the 11 following new subsection: 12 NEW SUBSECTION . 43. a. Direct each institution of higher 13 education governed by the board to establish a policy whereby 14 the tuition amount charged to students classified as residents 15 that is charged to an undergraduate student in the student’s 16 first academic year of enrollment, commencing with a first 17 academic year of enrollment beginning in or after 2027, will 18 not increase in the student’s subsequent academic years of 19 undergraduate enrollment. 20 b. This subsection only applies to an undergraduate student 21 if, upon enrollment, the student pays a fee to the institution 22 in an amount established by the board not to exceed ten percent 23 of the base resident undergraduate tuition amount for the 24 student’s first academic year of enrollment. 25 c. For a student who begins the student’s first academic 26 year of undergraduate enrollment with sufficient academic 27 transfer credits that the student can complete a baccalaureate 28 degree program in less than four academic years, this 29 subsection only applies for the number of academic years 30 necessary for the student to complete a degree program with the 31 student’s academic transfer credits, rounded up. 32 d. If an undergraduate student transfers to another 33 institution of higher education governed by the board after the 34 student’s first academic year of enrollment, and the tuition 35 -1- HF 2362 (3) 91 je/ns/md 1/ 2

H.F. 2362 amount that would have been charged to the student during that 1 first academic year by the institution to which the student 2 transfers is greater than the amount charged to the student 3 by the institution from which the student transferred, the 4 institution to which the student transfers may charge the 5 student the greater tuition amount. 6 e. This subsection does not apply to any academic years 7 beyond three consecutive academic years of undergraduate 8 enrollment after a student’s first academic year of enrollment. 9 -2- HF 2362 (3) 91 je/ns/md 2/ 2