HB 1851-S - DIGEST

(SEE ALSO PROPOSED 3RD SUB)

     Provides that, in cooperation with students, student aid administrators, employers, public and independent institutions of higher education, private career schools and colleges, and other interested parties, the higher education coordinating board shall continue to evaluate and refine the recommendations of its 1995-96 financial aid task force.

     Directs the board to consult economists and other experts to devise a method of evaluating family income that, as accurately as possible, reflects the student's and his or her family's ability to pay college expenses.  When evaluating ability to pay, the higher education coordinating board shall take into account factors that include, but need not be limited to:  All sources of gift aid, employment, income, and living assistance available to students and their families.

     Directs the board to report its findings and recommendations to the governor, the house of representatives and senate committees on higher education, and other interested parties by December 20, 1997.

     Makes appropriations to carry out the purposes of the act.