Connecticut 2023 Regular Session

Connecticut House Bill HB05739

Introduced
1/18/23  

Caption

An Act Establishing A Student Loan Reimbursement Program For State Residents.

Impact

The introduction of HB 5739 could have significant implications for state laws concerning higher education funding and financial aid. By creating a reimbursement program, the bill intends to allocate state resources to support graduates with their student loan obligations. This could potentially enhance enrollment rates in state institutions by attracting students who might otherwise be deterred by the prospect of accumulating substantial debt. Additionally, the proposed program might stimulate local economies as graduates who are less burdened by debt can contribute to economic activities and investments in their communities.

Summary

House Bill 5739 aims to establish a student loan reimbursement program for state residents who have graduated from state universities, colleges, private career schools, or technical institutions. This initiative is designed to provide financial relief to borrowers, enhancing their ability to repay student loans after completing their education within the state. The program focuses on promoting accessibility to higher education by easing the burden of student debt for local graduates and is part of broader efforts to encourage educational attainment and retention of talent within the state.

Contention

While the bill has garnered support for its intent to assist graduates, there may be points of contention around funding sources and the long-term sustainability of the reimbursement program. Critics of the measure may raise concerns over how the state will finance the program, particularly in times of budget constraints. The potential inequity in distribution—whether the reimbursement adequately addresses the needs of all graduates, particularly from underfunded backgrounds—could also be a topic of discussion among lawmakers. Overall, while the bill is positioned as a beneficial initiative, it may prompt debate on the priorities of state funding and educational equity.

Companion Bills

No companion bills found.

Previously Filed As

CT HB05199

An Act Establishing A Task Force To Study The Shortage Of Athletic Trainers In The State.

CT HB05030

An Act Establishing A Credit Against The Personal Income Tax For Interest Paid On Student Loans.

CT SB00250

An Act Concerning The Global Entrepreneur In Residence Program.

CT SB00156

An Act Establishing A Task Force To Study Requiring Nursing Homes To Spend A Percentage Of Medicaid Reimbursement Or Total Revenue On Direct Care Of Nursing Home Residents.

CT HB05343

An Act Concerning A Study On The Feasibility Of Establishing A Prepaid College Tuition Program.

CT HB05239

An Act Establishing The Path Program And Amending The Connecticut Collegiate Awareness And Preparation Program.

CT SB00284

An Act Concerning A Security Deposit Loan Assistance Program.

CT SB00107

An Act Updating Requirements For Construction Management Oversight At The University Of Connecticut, Pausing The Requirement For A Plan To Increase The Number Of Full-time Faculty At Public Institutions Of Higher Education And Replacing References To The President Of The Connecticut State Colleges And Universities With The Chancellor Of The Connecticut State Colleges And Universities.

CT SB00001

An Act Concerning The Health And Safety Of Connecticut Residents.

CT HB05363

An Act Concerning The Planning Commission For Higher Education.

Similar Bills

No similar bills found.