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Bills · 2015-2016 Regular Session

AB 744

Became law Official bill text Atom feed

Relating to: requiring institutions of higher education to provide information to students relating to educational costs and financial literacy. (FE)

Colleges and universities Financial institution Literacy Scholarships and loans Technical college

  1. Introduced, completed
  2. Passes Assembly, completed
  3. Passes Senate, completed
  4. Governor signs, completed
  5. Law, completed

Unfamiliar terms? Glossary

What this bill does

Plain-language analysis by the nonpartisan Legislative Reference Bureau

This bill requires any institution of higher education in this state that offers an

associate degree or higher (institution) to annually provide a letter to each student

that contains certain information, including all of the following: 1) information

about each of the student's student loans, including the total amount of debt accrued

under the loan, the loan's interest rate, the estimated future monthly payment under

the loan, and the total projected cost of the loan; 2) the estimated total cost of

attendance at the institution for the academic year, including actual or estimated

costs of tuition, fees, and room and board; and 3) the cumulative amount of state,

federal, and institutional grants that the student receives. This letter must be

provided to the student at the beginning of the academic year. The bill also requires

the institution to provide to students information on financial literacy within the

student's first semester of enrollment.

What it would cost

Fiscal estimates filed by state agencies, as official PDFs

Sponsors

Introduced by: A. Ott (R) , Ballweg (R) , Bernier (R) , Born (R) , Czaja (R) , Duchow (R) , Edming (R) , Gannon (R) , Hintz (D) , Kitchens (R) , Kleefisch (R) , Knodl (R) , Knudson (R) , Kremer (R) , Krug (R) , Kulp (R) , Loudenbeck (R) , Macco (R) , Murphy (R) , Mursau (R) , Nerison (R) , Neylon (R) , Novak (R) , Petryk (R) , Quinn (R) , R. Brooks (R) , Rodriguez (R) , Rohrkaste (R) , Sanfelippo (R) , T. Larson (R) , Tranel (R) , VanderMeer (R)

5 cosponsors

Gudex (R) , Kapenga (R) , Lasee (R) , Marklein (R) , Moulton (R)

Votes

Assembly: Report passage recommended by Committee on Colleges and Universities, Ayes 9, Noes 5

Passed 9–5 Feb 1, 2016 official source full page

No individual roll call was recorded for this vote. Committee votes and some older sessions record totals only.

Assembly: Assembly Amendment 3 laid on table, Ayes 63, Noes 35

Passed 63–35 Feb 16, 2016 official source full page

No individual roll call was recorded for this vote. Committee votes and some older sessions record totals only.

Assembly: Assembly Substitute Amendment 1 laid on table, Ayes 63, Noes 35

Passed 63–35 Feb 16, 2016 official source full page

No individual roll call was recorded for this vote. Committee votes and some older sessions record totals only.

Assembly: Assembly Substitute Amendment 2 laid on table, Ayes 63, Noes 35

Passed 63–35 Feb 16, 2016 official source full page

No individual roll call was recorded for this vote. Committee votes and some older sessions record totals only.

Assembly: Read a third time and passed, Ayes 61, Noes 36, Paired 2

Passed 61–36 Feb 16, 2016 official source full page

Aye · 61

Senate: Public hearing requirement waived by committee on Senate Organization, pursuant to Senate Rule 18 (1m), Ayes 3, Noes 2

Passed 3–2 Mar 14, 2016 official source full page

No individual roll call was recorded for this vote. Committee votes and some older sessions record totals only.

Senate: Senate Amendment 1 laid on table, Ayes 19, Noes 13

Passed 19–13 Mar 15, 2016 official source full page

No individual roll call was recorded for this vote. Committee votes and some older sessions record totals only.

Senate: Senate Amendment 2 laid on table, Ayes 19, Noes 13

Passed 19–13 Mar 15, 2016 official source full page

No individual roll call was recorded for this vote. Committee votes and some older sessions record totals only.

Senate: Senate Substitute Amendment 1 laid on table, Ayes 19, Noes 13

Passed 19–13 Mar 15, 2016 official source full page

No individual roll call was recorded for this vote. Committee votes and some older sessions record totals only.

Senate: Read a third time and concurred in, Ayes 19, Noes 13

Passed 19–13 Mar 15, 2016 official source full page

Not voting · 1

Full history

  1. Jan 19, 2016 · Assembly

    Introduced by Representatives Murphy, Krug, VanderMeer, Macco, Kulp, Gannon, Knudson, Neylon, Czaja, Mursau, Hintz, Kremer, Petryk, Duchow, Rohrkaste, Knodl, T. Larson, Quinn, Bernier, Ballweg, Kleefisch, Rodriguez, R. Brooks, A. Ott, Novak, Born, Tranel, Edming, Loudenbeck, Sanfelippo, Nerison and Kitchens; cosponsored by Senators Marklein, Gudex, Lasee, Moulton and Kapenga

  2. Jan 19, 2016 · Assembly

    Read first time and referred to Committee on Colleges and Universities

  3. Jan 21, 2016 · Assembly

    Public hearing held

  4. Jan 21, 2016 · Assembly

    Fiscal estimate received

  5. Jan 22, 2016 · Assembly

    Fiscal estimate received

  6. Jan 26, 2016 · Assembly

    Assembly Amendment 1 offered by Representatives Jorgensen, Wachs, Berceau, Billings and Hesselbein

  7. Jan 28, 2016 · Assembly

    Fiscal estimate received

  8. Jan 28, 2016 · Assembly

    Executive session held

  9. Feb 1, 2016 · Assembly

    Report passage recommended by Committee on Colleges and Universities, Ayes 9, Noes 5

  10. Feb 1, 2016 · Assembly

    Referred to joint committee on Finance

  11. Feb 5, 2016 · Assembly

    Withdrawn from joint committee on Finance and referred to committee on Rules

  12. Feb 11, 2016 · Assembly

    Placed on calendar 2-16-2016 by Committee on Rules

  13. Feb 15, 2016 · Assembly

    Assembly Amendment 2 offered by Representative Murphy

  14. Feb 16, 2016 · Assembly

    Read a second time

  15. Feb 16, 2016 · Assembly

    Assembly Substitute Amendment 2 offered by Representatives Shankland, Wachs, Danou, Hesselbein, Doyle, Mason, Goyke, Hintz, Meyers, Kessler, Spreitzer, Pope, Johnson, Berceau, Stuck, Hebl, Kolste, Billings, Young, Subeck, C. Taylor, Sargent and Bowen

  16. Feb 16, 2016 · Assembly

    Assembly Substitute Amendment 2 laid on table, Ayes 63, Noes 35

  17. Feb 16, 2016 · Assembly

    Assembly Substitute Amendment 1 offered by Representatives Mason, C. Taylor and Barca

  18. Feb 16, 2016 · Assembly

    Assembly Substitute Amendment 1 laid on table, Ayes 63, Noes 35

  19. Feb 16, 2016 · Assembly

    Assembly Amendment 2 adopted

  20. Feb 16, 2016 · Assembly

    Assembly Amendment 3 offered by Representative C. Taylor

  21. Feb 16, 2016 · Assembly

    Assembly Amendment 3 laid on table, Ayes 63, Noes 35

  22. Feb 16, 2016 · Assembly

    Ordered to a third reading

  23. Feb 16, 2016 · Assembly

    Rules suspended

  24. Feb 16, 2016 · Assembly

    Read a third time and passed, Ayes 61, Noes 36, Paired 2

  25. Feb 16, 2016 · Assembly

    Ordered immediately messaged

  26. Feb 17, 2016 · Senate

    Received from Assembly

  27. Feb 17, 2016 · Senate

    Read first time and referred to committee on Universities and Technical Colleges

  28. Mar 10, 2016 · Senate

    Withdrawn from committee on Universities and Technical Colleges and rereferred to committee on Senate Organization pursuant to Senate Rule 46(2)(c)

  29. Mar 10, 2016 · Senate

    Available for scheduling

  30. Mar 14, 2016 · Senate

    Public hearing requirement waived by committee on Senate Organization, pursuant to Senate Rule 18 (1m), Ayes 3, Noes 2

  31. Mar 14, 2016 · Senate

    Placed on calendar 3-15-2016 pursuant to Senate Rule 18(1)

  32. Mar 15, 2016 · Senate

    Senate Substitute Amendment 1 offered by Senators Hansen, Wirch, C. Larson, Ringhand, Harris Dodd, Vinehout, Miller and Bewley

  33. Mar 15, 2016 · Senate

    Senate Amendment 1 offered by Senators Shilling, Risser, Erpenbach, Miller, Harris Dodd, Ringhand, C. Larson, Wirch, Hansen, Lassa and Bewley

  34. Mar 15, 2016 · Senate

    Senate Amendment 2 offered by Senators Shilling, Risser, Erpenbach, Miller, Harris Dodd, Ringhand, C. Larson, Wirch, Hansen, Lassa and Bewley

  35. Mar 15, 2016 · Senate

    Read a second time

  36. Mar 15, 2016 · Senate

    Senate Substitute Amendment 1 laid on table, Ayes 19, Noes 13

  37. Mar 15, 2016 · Senate

    Senate Amendment 1 laid on table, Ayes 19, Noes 13

  38. Mar 15, 2016 · Senate

    Senate Amendment 2 laid on table, Ayes 19, Noes 13

  39. Mar 15, 2016 · Senate

    Ordered to a third reading

  40. Mar 15, 2016 · Senate

    Rules suspended

  41. Mar 15, 2016 · Senate

    Read a third time and concurred in, Ayes 19, Noes 13

  42. Mar 15, 2016 · Senate

    Ordered immediately messaged

  43. Mar 16, 2016 · Assembly

    Received from Senate concurred in

  44. Mar 24, 2016 · Assembly

    Report correctly enrolled on 3-24-2016

  45. Mar 24, 2016 · Assembly

    Presented to the Governor on 3-24-2016

  46. Mar 28, 2016 · Assembly

    Report approved by the Governor on 3-28-2016. 2015 Wisconsin Act 284

  47. Mar 28, 2016 · Assembly

    Published 3-29-2016