Providing for child-care expense considerations in financial aid determinations by postsecondary educational institutions.
Impact
The introduction of SB271 is expected to have a positive impact on state laws regarding financial aid for students in postsecondary education. By including childcare expenses in the financial aid calculations, the bill is designed to alleviate some of the financial strain experienced by student parents, potentially increasing their access to higher education. This change may encourage more individuals to pursue degrees, which could ultimately contribute to a more educated workforce in the state.
Summary
SB271 aims to address childcare expenses in financial aid determinations for postsecondary educational institutions. The legislation seeks to ensure that the cost of childcare is considered when calculating the financial needs of students applying for financial aid. By acknowledging the financial burden that childcare can place on students, particularly those with dependent children, the bill aims to create a more equitable financial aid process for those pursuing higher education.
Sentiment
The sentiment surrounding SB271 appears to be largely supportive among stakeholders who advocate for increased access to education for student parents. Supporters of the bill argue that by considering childcare expenses, the state is taking a meaningful step towards promoting educational equity. However, there may be some reservations regarding the funding implications of increasing financial aid allocations to accommodate childcare costs.
Contention
While SB271 seems to garner generally positive support, there may be points of contention regarding its implementation and funding. Some may express concerns about the potential financial burden on state financial aid programs, questioning whether additional resources will be allocated to support this change. Moreover, the effectiveness of such an adjustment in actually increasing college enrollment and retention rates among student parents may also be a debated aspect among policymakers and education advocates.
Certain policy changes provision to postsecondary attainment goals, student financial aid, institutional licensure provisions, and institutional grant programs
Establishes a tax credit for foster caregivers for expenses associated with a foster child attending a postsecondary educational institution. (gov sig) (OR SEE FISC NOTE GF RV)