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IA HSB62
SB
Status
1/22/2025
Primary Sponsor
Higher Education
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AI Summary
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At least 50% of Iowa tuition grant program funds must be awarded each fiscal year to students pursuing majors that correspond to high-wage and high-demand jobs
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The Workforce Development Board must create and maintain a list of high-wage and high-demand jobs and corresponding academic majors, in collaboration with the Iowa Association of Independent Colleges and Universities, updating the list at least every two years
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High-wage jobs are defined as those with entry-level annual salaries of at least $40,000, requiring at least a bachelor's degree or Iowa teaching license from an accredited private institution
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High-demand jobs must meet at least one of the following criteria: projected annual job openings of at least 250 over the next five years, or projected annual growth in job openings of at least 1%
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The provision requiring creation of the high-wage/high-demand jobs list takes effect immediately upon enactment
Legislative Description
A bill for an act requiring that a portion of funds for the Iowa tuition grant be awarded to students pursuing majors leading to high-wage and high-demand jobs and including effective date provisions.(See HF 867.)
Last Action
Committee report approving bill, renumbered as HF 867.
3/7/2025