OLR Bill Analysis

SB 399

AN ACT CONCERNING REPORTING REQUIREMENTS OF THE UNIVERSITY OF CONNECTICUT AND THE BOARD OF REGENTS FOR HIGHER EDUCATION REGARDING FINANCIAL AID.

SUMMARY:

This bill requires the University of Connecticut and the Board of Regents for Higher Education, by November 1, 2015 and annually thereafter, to report to the Higher Education and Employment Advancement Committee on the financial aid awarded to undergraduate students during the previous academic year.

The report must describe the following aggregate amounts separately for in-state and out-of-state students: (1) financial aid funding available, (2) need-based financial aid awarded, and (3) merit-based financial aid awarded.

EFFECTIVE DATE: July 1, 2015

COMMITTEE ACTION

Higher Education and Employment Advancement Committee

Joint Favorable

Yea

19

Nay

0

(03/12/2015)