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.

HF 577 would provide Iowa residents attending regents institutions with a full tuition and mandatory fee waiver plus a $5,000 per semester stipend if they score the maximum possible on the ACT, SAT, or Classic Learning Test. To qualify, students must submit score documentation and maintain satisfactory academic progress toward graduation. The bill applies specifically to Iowa residents enrolled at the state's regents universities and requires the Board of Regents to administer the program. This policy directly affects high-achieving Iowa students seeking undergraduate education at public universities.