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MO SB299

Bill

Status

Introduced

1/22/2015

Primary Sponsor

David Pearce

Click for details

Origin

Senate

2015 Regular Session

AI Summary

  • Adds forgivable loan component to Missouri's Higher Education Academic Scholarship Program (Bright Flight) for students completing secondary coursework in 2014-2015 or later, covering tuition and fees minus scholarship amount for up to 10 semesters

  • Requires students graduating high school in 2017-2018 or after to demonstrate proficiency in math and English through end-of-course assessments (proficient/advanced on Algebra I and English I) or qualifying COMPASS/ACT scores, with accommodations for students with IEPs or 504 plans

  • Creates loan forgiveness pathway requiring full-time employment in Missouri beginning within one year of completing postsecondary education, with each 12 months of qualifying employment forgiving one academic year of loans

  • Establishes Higher Education Academic Scholarship Trust Fund in state treasury to administer the loan program, funded by appropriations, donations, loan repayments, and penalties, with administrative costs capped at 2% of total loan volume

  • Allows attendance requirement waivers for students unable to maintain continuous enrollment (24 credit hours in first 12 months, 30 hours each subsequent year) due to serious and unusual personal circumstances

Legislative Description

Modifies the eligibility requirements for the Bright Flight Scholarship Program and adds a forgivable loan component

Last Action

S Informal Calendar S Bills for Perfection--SB 299-Pearce

5/15/2015

Committee Referrals

Education2/12/2015

Full Bill Text

No bill text available