OFFICE OF FISCAL ANALYSIS
Legislative Office Building, Room 5200
Hartford, CT 06106 (860) 240-0200
http://www.cga.ct.gov/ofa
sHB-6563
AN ACT INCREASING THE AGE OF ELIGIBILITY FOR THE
POSTSECONDARY EDUCATION FUNDING PROGRAM OFFERED
BY THE DEPARTMENT OF CHILDREN AND FAMILIES.
Primary Analyst: RDP 3/15/23
Contributing Analyst(s):
Reviewer: PR
OFA Fiscal Note
State Impact:
Agency Affected Fund-Effect FY 24 $ FY 25 $
Children & Families, Dept. GF - Cost 24,847,680 25,803,360
Note: GF=General Fund
Municipal Impact: None
Explanation
The bill, which increases the maximum age that an individual that
meets the Department of Children and Families-established
requirements may apply for the Post-Secondary Education (PSE)
program from 21 to 26 and increases from 23 to 28 the maximum age
until which a student that is enrolled in the program may remain in it,
results in a cost to the agency of approximately $24,847,680 in FY 24 and
$25,803,3650 in FY 25. This estimate assumes that 25% of 176 eligible
individuals between 21 and 26 will enter the program in FY 24 (44
students) and that 25% of 352 eligible individuals between 21 and 26 will
enter the program in FY 25 (88 students). It is projected that 25% of 4,399
students between 23 and 28 will remain in the program (1,100 students
in each fiscal year). The average per fiscal year cost of a school year in
the program is approximately $21,720 per student.
The Out Years
The fiscal impact identified above will continue into the future
subject to inflation and program enrollment by the effected population.