HB 2181 Summary

• Creates a student voucher program administered by the Arizona Board of Regents allowing eligible students to use vouchers for tuition and fees at any accredited public or private postsecondary institution in Arizona.

• Establishes eligibility requirements for voucher recipients including submission of application, declaration of academic major, meeting course placement requirements, and obtaining passing scores on standardized placement tests with statewide uniform cut-scores.

• Sets voucher funding where institutions receive 50% of voucher amount upon enrollment and remaining 50% upon student's successful semester completion, with any scholarships or grants subtracted from voucher value.

• Limits voucher eligibility to four academic years and requires students maintain full-time enrollment (minimum 12 credit hours per semester), meet institutional GPA and course completion requirements, and allows discontinuation if student changes major.

• Appropriates an unspecified amount from the state general fund to the Arizona Board of Regents for fiscal year 2012-2013 to fund the voucher program.