General Assembly Proposed Bill No. 399
January Session, 2015 LCO No. 2577
*02577*
Referred to Committee on HIGHER EDUCATION AND EMPLOYMENT ADVANCEMENT
Introduced by:
SEN. LOONEY, 11th Dist. SEN. DUFF, 25th Dist.
General Assembly
Proposed Bill No. 399
January Session, 2015
LCO No. 2577
*02577*
Referred to Committee on HIGHER EDUCATION AND EMPLOYMENT ADVANCEMENT
Introduced by:
SEN. LOONEY, 11th Dist.
SEN. DUFF, 25th Dist.
AN ACT CONCERNING REPORTING REQUIREMENTS OF THE UNIVERSITY OF CONNECTICUT REGARDING FINANCIAL AID.
Be it enacted by the Senate and House of Representatives in General Assembly convened:
That title 10a of the general statutes be amended to require: (1) The University of Connecticut to submit information to the Office of Higher Education indicating how its financial aid was awarded annually, including, but not limited to, and separately for in-state and out-of-state students, (A) the number and per cent of, separately, all undergraduates and full-time, first-time freshmen, receiving need-based institutional aid, (B) the number and per cent of, separately, all undergraduates and first-time, full-time freshmen receiving merit-based institutional aid, and within residency categories, the per cent who had no financial need and the per cent whose award exceeded financial need, excluding those students with no need, separately for each type of merit-based aid, (C) typical financial aid packages by expected family contribution quintile, including separate listings by aid type, including, but not limited to, the Pell grant, Connecticut state grants, the federal Supplemental Educational Opportunity Grant, need-based institutional aid, and federal loans by type, and (D) the amount of aid received by, separately, all undergraduates and first-time, full-time freshmen, by aid type, including, but not limited to, the Pell grant, Connecticut state grants, the federal Supplemental Educational Opportunity Grant, each type of merit-based institutional aid separately, need-based institutional aid, federal loans by type, and other grants, including each aid type's share of total dollars, and (2) the Office of Higher Education to include such information in its system trends report and to submit such information to the joint standing committee of the General Assembly having cognizance of matters relating to higher education.
Statement of Purpose:
To require The University of Connecticut to submit detailed information on the distribution of financial aid.