Financial Aid and Affordability
Nearly 400 bills related to financial aid and affordability were introduced in 2021. Legislation addressed developing new financial aid programs, creating strategies to increase financial aid completion, and requiring new disclosures for fees at institutions.
Financial Aid Programs and Scholarships
- TN HB 6: Creates a pilot program for completion grants for Tennessee Promise students with financial hardships.
- KS HB 2064: Creates the State Promise Scholarship Act and the State promise scholarship fund, provides postsecondary educational scholarships for certain two-year associate degree programs, career and technical education certificates and other stand-alone programs.
- LA SB 148: Establishes the M.J. Foster Promise Program for students attending public two-year institutions.
FAFSA Completion Requirements and Promotion
- CA AB 132: Postsecondary education trailer bill. Includes provisions to require local education agencies to confirm that high school seniors have completed their FAFSA form or California Dream Act application.
- CO HB 1330: Creates a working group to study strategies to increase financial aid form completion and creates the Student Aid Applications Completion Grant Program to support local districts that require FAFSA completion for graduation.
Six states (Louisiana, Texas, Illinois, California, Alabama and Colorado) now have statewide policies addressing FAFSA completion for high school students. Two of these policies were enacted by legislatures this year.
Student Fee Disclosures
- OR HB 2542: Requires each public university and community college to prominently display mandatory fees charged.
- MD SB 895: Requires that a student committee is presented with any proposed fees for their review, requires the amount of the fee, the students who will be charged the fee, and the proposed use of the revenues generated to be provided to the student committee, requires certain revenues to be retained by a certain campus unit or department unless the student committee approves an exception to the use of the fee.