Senate Study Bill 1083 - IntroducedA Bill ForAn Act 1relating to the amount of tuition grant received by a
2qualified resident student.
3BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA:
1   Section 1.  Section 261.12, subsection 1, Code 2017, is
2amended to read as follows:
   31.  The amount of a tuition grant to a qualified full-time
4student for the fall and spring semesters, or the trimester
5equivalent, shall be the lesser of the amount of the student’s
6financial need for that period. However, a tuition grant shall
7not exceed the lesser of:

   8a.  The or an amount equivalent to the total tuition
9and mandatory fees for that student for two semesters or
10the trimester or quarter equivalent, less the base amount
11determined annually by the college student aid commission,
12which base amount shall be within ten dollars of the average
13tuition for two semesters or the trimester equivalent of
14undergraduate study at the state universities under the board
15of regents, but in any event the base amount shall not be less
16than four hundred dollars; or
   17b.  For the fiscal year beginning July 1, 2015, and for each
18succeeding fiscal year, six thousand dollars
.
19EXPLANATION
20The inclusion of this explanation does not constitute agreement with
21the explanation’s substance by the members of the general assembly.
   22This bill removes the $6,000 limitation on the amount of an
23Iowa tuition grant that may be awarded by the college student
24aid commission to a qualified student enrolled full-time at an
25accredited private institution. “Qualified student” is defined
26in current law as a resident student who has established
27financial need and who is making satisfactory progress toward
28graduation.
   29Currently, the amount of a tuition grant to a full-time
30student is limited to the least of the student’s financial
31need, $6,000, or the total tuition and mandatory fees for
32that student for two semesters, or the trimester or quarter
33equivalent, less the base amount, which is approximately the
34average tuition for two semesters at the regents universities.
35The bill does not modify the current provision except to
-1-1eliminate the $6,000 limitation.
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