HIGHER ED STUDENT LOAN DEBT
Summary
Amends the Board of Higher Education Act. Provides that, in order to prevent nonpublic, for-profit institutions of higher education from enrolling students in programs or degrees for careers in which a student's higher education loan debt will exceed the student's expected income, the Board shall adopt any rules that are necessary to prohibit nonpublic, for-profit institutions of higher education from continuing any program or degree if the estimated annual higher education loan repayment of a typical graduate from such a program or with such a degree exceeds 20% of the graduate's total annual income or 8% of the graduate's total monthly income.
Bill status
failed
1 of 4 stages cleared
Introduction
Feb 2021
Committee Review
Floor Vote
Governor
Introduced Feb 19, 2021
Last action Jan 10, 2023
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
7
Key actions
0
Committee
3
Mar 27, 2021
Committee
Rule 19(a) / Re-referred to Rules Committee
lower
Mar 16, 2021
Committee
Assigned to Higher Education Committee
lower
Feb 19, 2021
Committee
Referred to Rules Committee
lower
1 primary · 1 co-sponsor
Sponsors
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