An Act To Promote the Attainment of Higher Education Degrees

CONCEPT DRAFT SUMMARY

This bill is a concept draft pursuant to Joint Rule 208.

This bill proposes to adjust the disbursement of financial aid packages to provide an incentive for a student enrolled in a postsecondary institution to complete that student's degree. Instead of providing the total amount of financial aid up front, leading to the exhaustion of available aid prior to the completion of course work, this bill would spread the financial aid out over the course of a student's enrollment. The intent of the bill is to ensure that enough financial aid is available to allow a student who is within 15 credits of completing the necessary requirements for graduation to pay for those credits.