A bill for an act providing for an annual authorization fee to be collected by the college student aid commission from certain postsecondary educational institutions not subject to registration with the commission.(Formerly HSB 48; See HF 1010.)
Impact
If enacted, HF772 would have a significant impact on the funding models of certain educational institutions in Iowa. The establishment of an authorization fee would generate revenue for the college student aid commission, which could be utilized to enhance educational programs and oversight functions. Additionally, the ability of the commission to increase fees by up to three percent annually could create ongoing funding that adjusts with inflation and administrative costs. This financial adjustment could aid in maintaining or improving the quality of educational oversight provided by the commission.
Summary
House File 772 proposes the introduction of an annual authorization fee to be levied by the college student aid commission on specific postsecondary educational institutions that currently operate without the requirement for registration. The bill seeks to amend existing legislation to establish a single, nonrefundable fee that certain educational entities would be expected to pay, aimed at institutions that either are exempt from registration or do not comply with other financial regulations under Iowa Code. The proposed fee structure includes amounts differentiated based on the primary location of the institutions, with varying fees for in-state and out-of-state entities.
Contention
Some discussions may arise around the fairness of imposing an annual fee on postsecondary institutions, particularly those that already operate under various financial constraints. Critics of the bill might argue that such fees could place an additional financial burden on institutions, which could have downstream effects on tuition and fees that educational entities pass onto students. Moreover, the bill's impact on institutions that primarily serve underrepresented or low-income populations could be contentious, as these institutions may rely heavily on state support and may already face significant operational challenges.
Related
A bill for an act providing for an annual authorization fee to be collected by the college student aid commission from certain postsecondary educational institutions not subject to registration with the commission.(See HF 772, HF 1010.)
Similar To
A bill for an act providing for an annual authorization fee to be collected by the college student aid commission from certain postsecondary educational institutions not subject to registration with the commission.(Formerly HF 772, HSB 48.)
A bill for an act establishing the United States army reserve service scholarship program within the college student aid commission.(Formerly HF 2023.)
A bill for an act regarding the registration and titling of motor vehicles, including by providing for initial registration and titling by any county treasurer and by modifying related fees and the amount of fees retained by county treasurers.(Formerly HF 55; See HF 674.)
A bill for an act relating to loan repayments made by the college student aid commission under the mental health professional loan repayment program and including applicability provisions.(Formerly HSB 47.)
A bill for an act relating to boards, commissions, committees, councils, and other entities of state government, and including transition provisions.(Formerly HSB 710.)