OLR Bill Analysis

SB 43 (File 64, as amended by Senate "A")*

AN ACT CONCERNING HIGHER EDUCATION.

SUMMARY:

This bill requires higher education institutions to annually submit to the Office of Financial and Academic Affairs for Higher Education (OFAAHE) information on students receiving assistance through either the Connecticut Independent College Student Grant (CICSG) program, Connecticut Aid for Public College Students (CAPCS) program, or Capitol Scholarship grant program. The information must be in a form prescribed by the office and include each recipient's (1) year of birth, (2) home town, (3) cumulative grade point average, (4) expected graduation date, and (5) expected family contribution towards educational costs, as determined by a needs analysis system approved by the U. S. Department of Education. It must also include a detailed breakdown of financial assistance that each student received from all sources.

Institutions must submit the information to OFAAHE by October 1, 2012 and annually thereafter. The information submitted each year is for assistance received in the academic year ending on or before the previous June 30. The bill prohibits institutions that do not submit the required information from participating in CICSG, CAPCS, and the Capitol Scholarship program in the following fiscal year.

Lastly, the bill requires OFAAHE to submit reports on the information it collects to the Appropriations and Higher Education committees as needed or requested (presumably by the committees).

*Senate Amendment “A” replaces the original file, which required the Board of Regents for Higher Education to study issues concerning higher education.

EFFECTIVE DATE: July 1, 2012

COMMITTEE ACTION

Higher Education and Employment Advancement Committee

Joint Favorable

Yea

15

Nay

3

(03/13/2012)