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IN HB1084
Bill
Status
Introduced
1/9/2014
Primary Sponsor
Cherrish Pryor
Click for details
AI Summary
- Commission for higher education must analyze and consider creating a pilot program called "Pay Forward, Pay Back" beginning fall 2015
- Pilot program would replace tuition and fees with binding contracts requiring students to pay a percentage of their annual adjusted gross income for a specified number of years after graduation into a state revolving fund
- Eligible participants must be Indiana residents who qualify for admission to participating state educational institutions
- Commission must submit its proposal and any draft legislation to the legislative council before November 1, 2014 if it determines a pilot program is warranted
- Pilot program must establish an immediate funding source for the first 20 years and may vary terms by institution based on total education costs and state funding contributions
Legislative Description
Deferred tuition pilot.
Last Action
First Reading: Referred to Education
1/9/2014
Committee Referrals
Education1/9/2014
Full Bill Text
No bill text available