OFFICE OF FISCAL ANALYSIS

Legislative Office Building, Room 5200

Hartford, CT 06106 (860) 240-0200

http://www.cga.ct.gov/ofa

sHB-7212

AN ACT CONCERNING THE PROMOTION OF LOAN FORGIVENESS PROGRAMS.


OFA Fiscal Note

State Impact: None

Municipal Impact: None

Explanation

The bill requires the Student Loan Ombudsman to compile and distribute information to public service employers, including local and regional boards of education, regarding two federal loan forgiveness programs. Since the compilation can be completed using existing federal materials, and distribution can be done electronically, it is anticipated that these tasks will not result in a fiscal impact. It should be noted that the Ombudsman position created in PA 15-62 has not yet been established within the Department of Banking.

It is anticipated that the distribution of materials provided by the Ombudsman to newly hired teachers has no fiscal impact to municipalities (boards of education) as this can be done electronically.

The Out Years

State Impact: None

Municipal Impact: None