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GA HB1435
Bill
Status
Passed
4/29/2022
Primary Sponsor
Charles Martin
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AI Summary
- Expands Georgia's needs-based financial aid program to include students with a "financial aid gap" — the remaining cost of attendance after other funding — in addition to economically disadvantaged students
- Caps the maximum grant award at $2,500 per eligible student and limits awards to undergraduate-level postsecondary education at University System of Georgia, Technical College System of Georgia, or eligible nonproprietary institutions
- Requires eligible students to have completed the FAFSA, be eligible for a scholarship or grant under Code Section 20-3-519.1, and have completed 80 percent of the credit requirements toward their credential
- Transfers compliance examination authority from the state auditor to the Georgia Student Finance Commission, which may suspend institutions from the program for failing to refund improperly received moneys
- Requires the commission to annually evaluate the program — tracking total grants dispersed, dollar amounts, and per-institution data — and includes an automatic repeal date of June 30, 2025, with an effective date of July 1, 2022
Legislative Description
Education; needs based financial aid program; include eligibility for students with a financial aid gap
Last Action
Effective Date 2022-07-01
4/29/2022
Committee Referrals
Higher Education3/16/2022
Higher Education2/28/2022
Full Bill Text
No bill text available