Bills · 2015-2016 Regular Session
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 Scholarships and loans Technical college
- Introduced, stopped here
- Passes Senate, not reached
- Passes Assembly, not reached
- Governor signs, not reached
- Law, not reached
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: Gudex (R) , Kapenga (R) , Lasee (R) , Marklein (R) , Moulton (R)
32 cosponsors
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)
Votes
Senate: Report adoption of Senate Amendment 1 recommended by Committee on Universities and Technical Colleges, Ayes 3, Noes 2
Passed 3–2 Mar 8, 2016 official source full pageNo individual roll call was recorded for this vote. Committee votes and some older sessions record totals only.
Senate: Report passage as amended recommended by Committee on Universities and Technical Colleges, Ayes 3, Noes 2
Passed 3–2 Mar 8, 2016 official source full pageNo individual roll call was recorded for this vote. Committee votes and some older sessions record totals only.
Full history
- Jan 22, 2016 · Senate
Introduced by Senators Marklein, Gudex, Kapenga, Lasee and Moulton; cosponsored 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
- Jan 22, 2016 · Senate
Read first time and referred to Committee on Universities and Technical Colleges
- Jan 25, 2016 · Senate
Fiscal estimate received
- Feb 3, 2016 · Senate
Fiscal estimate received
- Feb 5, 2016 · Senate
Fiscal estimate received
- Feb 15, 2016 · Senate
Senate Amendment 1 offered by Senator Marklein
- Feb 17, 2016 · Senate
Public hearing held
- Mar 2, 2016 · Senate
Senate Substitute Amendment 1 offered by Senators Hansen and Bewley
- Mar 3, 2016 · Senate
Executive action taken
- Mar 8, 2016 · Senate
Report passage as amended recommended by Committee on Universities and Technical Colleges, Ayes 3, Noes 2
- Mar 8, 2016 · Senate
Available for scheduling
- Mar 8, 2016 · Senate
Report adoption of Senate Amendment 1 recommended by Committee on Universities and Technical Colleges, Ayes 3, Noes 2
- Apr 13, 2016 · Senate
Failed to pass pursuant to Senate Joint Resolution 1