CO SB084

Establishes new Section 23-5-140.7 in Colorado Revised Statutes to define how higher education institutions must calculate full-time employment for federal Public Service Loan Forgiveness (PSLF) program certification purposes.

Defines "full-time" employment for PSLF certification as the lower standard of either working at least an average of 30 hours per week or 30 hours per week for at least 8 months in a 12-month period, or the hourly standard adopted by the U.S. Department of Education.

Requires institutions to credit faculty with 4.35 hours worked for each hour of credit or contact hours (including retroactively to October 1, 2007) when certifying employment for PSLF, unless collective bargaining agreements or employer policies provide greater adjustment factors.

Mandates institutions annually provide partially completed PSLF forms showing the prior 12 months of employment to current or former employees who request them, unless the institution directly certifies employment with the U.S. Department of Education.

Requires institutions to adopt policies maximizing the amount of time employees' employment can be considered full-time for PSLF purposes and to treat consecutive academic terms as continuous employment when doing so maximizes full-time eligibility.