Connecticut Seal

General Assembly

 

Substitute Bill No. 6587

    January Session, 2017

 

*_____HB06587HED___032117____*

AN ACT CONCERNING THE STANDARDIZATION OF FINANCIAL AID LETTERS.

Be it enacted by the Senate and House of Representatives in General Assembly convened:

Section 1. (NEW) (Effective October 1, 2017) The public and independent institutions of higher education shall collaborate to create a standardized financial aid letter to be provided to each student enrolled at any institution of higher education in this state. Such standardized financial aid letter shall consist of the following: (1) A section itemizing all grants, scholarships and federal loans awarded to the student; (2) a section itemizing all funding that the student may be eligible to receive, including, but not limited to, work-study opportunities and Parent PLUS Loans; and (3) a glossary that includes definitions of terms used in such standardized financial aid letter, including, but not limited to, grant, scholarship, loan and work-study.

This act shall take effect as follows and shall amend the following sections:

Section 1

October 1, 2017

New section

HED

Joint Favorable Subst.