Bills › 91st General Assembly
Providing for partial liability of regents institutions for defaulted educational loans
Sponsored by the House Higher Education Committee
Topics:Higher education
Same legislation: HSB 540
Where it is now
- Done: IntroducedJanuary 13, 2026
- Done: SubcommitteeJanuary 13, 2026
- Done: House committeeJanuary 28, 2026
- Stopped: Passes the HouseDied when the General Assembly ended
- Next: Senate committeeFunnel: by March 20, 2026
- Next: Passes the Senate
- Next: To the Governor
- Next: Signed into law
Died when the session ended The 2026 session adjourned on May 3, 2026, the General Assembly’s last regular session. Bills that didn’t pass both chambers died. What’s a funnel?
What’s in it
AI summary If a student fails to pay back a loan used for college at a state university, the school would have to pay 10 percent of that debt. This payment from the school would reduce the amount the student is responsible for owing.1
Read the official explanation
This bill relates to borrowers of educational loans, as those terms as defined under current law. The bill provides that if a borrower defaults on an educational loan obtained to pay for or finance the higher education expenses of a student incurred during the student’s enrollment at an institution of higher education governed by the state board of regents, the institution shall be liable for 10 percent of the amount owed by the borrower as a result of the default. The institution’s liability shall offset 10 percent of the borrower’s liability for the default. The institution’s liability shall be governed by the same terms as the borrower unless otherwise negotiated by the institution.
House subcommittee
Named January 13, 2026 (as HSB 540). On January 21, 2026 it recommended passage.
Three legislators hear a bill first and recommend what the committee should do; it’s the best time to weigh in. How to take part
Iowa Code it changes
Lobbying
1 for · 0 against · 2 undecided · Who →
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91st General Assembly