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SB20-004

Postsecondary Education Loan Repayment Assistance

Concerning creating a student loan repayment assistance program for postsecondary education.
Session:
2020 Regular Session
Subject:
Higher Education
Bill Summary

The bill creates the "Get on Your Feet Student Loan Repayment Assistance Program" to provide no more than 24 monthly payments on a qualified loan on behalf of a qualified recipient.

A qualified recipient is required to satisfy eligibility and program participation requirements.

The department of higher education is required to administer the program pursuant to guidelines promulgated by the commission on higher education.

A person who received a program award but did not satisfy all eligibility and program participation requirements may be required to fully or partially reimburse the state.


(Note: This summary applies to this bill as introduced.)

Status

Introduced
Under Consideration

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Bill Text

Sponsors

Sponsor Type Legislators
Prime Sponsor

Sen. S. Fenberg
Rep. L. Herod, Rep. J. McCluskie

Sponsor

Co-sponsor