North Dakota House Bill HB1240

North Dakota 2023-2024 Regular Session

• Introduced: 1/10/23
• Refer: 1/10/23
• Report Pass: 1/25/23
• Refer: 1/25/23
• Report DNP: 2/20/23

Caption

Skilled workforce student loan repayment and skilled workforce scholarships; and to provide for a transfer.

Impact

The bill impacts state laws by redefining how student loan repayment is structured. It allows eligible graduates from both in-state and out-of-state educational institutions to apply for repayment grants if they secure employment in designated high-demand jobs. This shift indicates a conscious effort by the state legislature to address workforce shortages and to ensure that individuals with relevant qualifications remain in North Dakota post-graduation. Moreover, the bill emphasizes cooperative involvement between the state board of higher education, local banks, and workforce development councils to address emerging labor market needs.

Summary

House Bill 1240 proposes significant amendments to the North Dakota Century Code concerning workforce development through student loan repayment and scholarship programs. The bill establishes a skilled workforce student loan repayment program fund, allocated for the purpose of granting repayment assistance to individuals holding student loans who work in high-demand professional and technical occupations within the state. The program aims to attract and retain skilled professionals by providing financial support, thereby enhancing workforce capabilities in North Dakota.

Contention

Notable points of contention surrounding HB 1240 include concerns over its financial sustainability and the potential inequality in access to benefits. Critics may argue that the requirement of employment in specific high-demand fields creates an uneven playing field for individuals pursuing diverse career paths. The bill also establishes limitations on the amount of financial assistance that can be received, which may leave some individuals without adequate support. Additionally, stipulations regarding residency post-graduation may be contentious, as they could compel graduates to remain in North Dakota, impacting their personal and professional freedoms.