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SB50: Establishing uniform interest rate provisions for service scholarship programs administered by the Kansas board of regents, authorizing the board of regents to recover the costs of collecting such repayment and charge fees for administration costs, requiring eligible students to enter into agreements with the board of regents as a condition to receiving a grant under the adult learner grant act and sunsetting the low-income family postsecondary savings accounts incentive program in 2028 and reducing the number of audits required for such program.
Passed BothSenate
Introduced
In Committee
Passed Chamber
Passed Both
Signed
Plain-Language Summary
This bill sets interest rates for service scholarships administered by the Kansas Board of Regents and allows them to charge fees for administrative costs. It also requires students to agree to repayment terms to receive grants under the Adult Learner Grant Act.
Who This Affects
This affects Kansans who are eligible for or have received service scholarships, as well as those who participate in the Adult Learner Grant Act.
Key Provisions
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Timeline
Introduced
Tuesday, January 21, 2025
Last Action
Senate Approved by Governor on Tuesday, April 8, 2025
Apr 9, 2025
Sponsors
No sponsors listed.
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