Providing for partial liability of regents institutions for defaulted educational loans

Where it is now

1. ✓
   Done: IntroducedJanuary 13, 2026
2. ✓
   Done: SubcommitteeJanuary 13, 2026
3. ✓
   Done: House committeeJanuary 28, 2026
4. Next: Passes the House
5. Next: Senate committeeFunnel: by March 20, 2026
6. Next: Passes the Senate
7. Next: To the Governor
8. Next: Signed into law

Became HF 2241 → Its progress continues under the new number. Go to HF 2241 What’s a funnel?

What’s in it

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 percent of the amount owed by the borrower as a result of the default. The institution’s liability shall offset 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.

From the explanation printed with the bill as introduced, written by the Legislative Services Agency. Amendments adopted later aren’t reflected. Full bill text

House subcommittee

Named January 13, 2026. On January 21, 2026 it recommended passage.

• Rep. Taylor R. Collins REmail
• Rep. Heather Matson DEmail
• Rep. Jeff Shipley REmail

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

Creates§262C.1§262C.2

Read from the bill as introduced. Each links to every bill touching that chapter of the Iowa Code. How the Code works

Family tree

Where this legislation came from and where it went: earlier tries, the versions it moved through this Assembly, and later bills built on it.

Earlier and later bills are matched by wording or an identical title; check the text to be sure it’s the same idea.