HB 5362 Summary

• Requires public institutions of higher education to include transparency language in all tuition cost documentation sent to students or those paying tuition.

• Mandates notification that a specified amount of tuition revenue is set aside for tuition waivers, remissions, grants, and student employment for undergraduate and graduate students with substantial financial need.

• Requires institutions to disclose that an additional amount may be set aside from anticipated tuition revenue for financial assistance to students who do not qualify for standard aid but demonstrate financial need.

• Takes effect upon passage.