Relating to the college student aid commission’s reporting requirements

This bill relates to the college student aid commission’s reporting requirements. Current law requires the college student aid commission to submit an annual report to the general assembly which provides, by program, the number of individuals who received loan forgiveness or loan repayment in the previous fiscal year; the amounts paid to or on behalf of individuals under the chiropractic loan forgiveness program, the teacher shortage loan forgiveness program, and the health care award program; the institutions from which individuals graduated; and proposed statutory changes. The bill modifies these reporting requirements to require the college student aid commission to submit an annual report to the general assembly which provides, by program, the number of individuals who received state financial aid funding in the previous fiscal year, the amounts paid to or on behalf of the individuals, other key program indicators, findings, and recommendations. The bill provides that this report is to include a description of the methodology and manner in which the college student aid commission makes the determination of awards for certain specified programs for which moneys are appropriated. Current law requires the college student aid commission to submit an annual report to the governor and the general assembly related to certain specified tuition grants and evaluate the tuition grant program. The bill strikes these requirements. The bill strikes the college student aid commission’s annual reporting requirements related to the vocational-technical tuition grants, the scholarship and tuition grant reserve fund, the guaranteed student loan program, the Iowa minority academic grants for economic success program, the teacher shortage forgivable loan program, the teacher shortage loan forgiveness program, the health care award program, the mental health professional loan forgiveness program, and the skilled workforce shortage tuition grant program.