88th General Assembly · Iowa Funnel one-pager · Wednesday, November 11, 2026

SF 278: Requiring community colleges and institutions of higher learning governed by the state board of regents to offer to certain students financial literacy programs designed to reduce student loan debt

Died when the session ended · The 2020 session adjourned on June 14, 2020, the General Assembly’s last regular session. Bills that didn’t pass both chambers died.

What it does

This bill directs the boards of directors of community colleges and the state board of regents to require the institutions governed by the boards to develop and offer a financial literacy program to any student who obtains an educational loan. The program must be free to the student and meet the unique needs of the student, and must include but not be limited to a review of the student’s spending habits, borrowing history, financial aid package, and projected repayment of the student’s total educational loan amount; classroom activities and discussions of budgeting, investing, credit, and identity protection; private loan counseling; counseling specific to transfer students; and grant counseling.

Cost

No fiscal note

Senate subcommittee · named February 18, 2019

Sen. Ken Rozenboom (R) · ken.rozenboom@legis.iowa.gov
Sen. Annette Sweeney (R) · annette.sweeney@legis.iowa.gov
Sen. Zach Wahls (D) · zach.wahls@legis.iowa.gov

Lobbying · 1 for, 0 against

For: Federation of Iowa Insurers

In plain words

February 18, 2019Filed in the Senate and sent to the Education committee
February 18, 2019Senate subcommittee named: Rozenboom, Sweeney and Wahls
February 25, 2019Subcommittee recommended against it