Norma Smith voted Yea (Passage With Amendment) on this Legislation.
Title: Establishes a Student Loan Program for Undocumented Students
Signed by Governor Jay Inslee
Title: Establishes a Student Loan Program for Undocumented Students
Vote to concur with house amendments and pass a bill that establishes a student loan program for undocumented students.
Defines “eligible student” as a student who (Sec. 2):
Is a resident student;
Demonstrates financial need;
Has indicated they will attend an institution of higher education or is making satisfactory progress in a program, as defined in rule by the office, at an institution of higher education;
Fills out the Washington application for state financial aid; and
Does not qualify for federally funded student financial aid because of their citizenship status.
Establishes the undocumented student support loan program (Sec. 3).
Specifies that the undocumented student support loan does not accrue interest while a participant is enrolled in an institution of higher education (Sec. 3).
Authorizes the office of student financial assistance to impose a loan origination fee up to, but not to exceed, the current rate imposed by the federal government on subsidized student loans (Sec. 3).
Establishes the maximum annual loan amount granted per student for the undocumented student support loan program as (Sec. 3):
The cost of tuition and required fees at the public institution of higher education the student is attending, or, if the student is attending a private institution of higher education, the tuition and required fees at an equivalent public institution; and
Less the value of any state-funded grant, scholarship, or waiver assistance the student receives, plus five hundred dollars for books and materials.
Establishes the undocumented student support loan match account as a nonappropriated account to be used solely and exclusively for the program for providing state matching funds for the undocumented student support loan program (Sec. 4).
Specifies that this act takes effect July 1, 2021 (Sec. 5).
Title: Establishes a Student Loan Program for Undocumented Students
Vote to amend and pass a bill that establishes a student loan program for undocumented students.
Defines “eligible student” as a student who (Sec. 2):
Is a resident student;
Demonstrates financial need;
Has indicated they will attend an institution of higher education or is making satisfactory progress in a program, as defined in rule by the office, at an institution of higher education;
Fills out the Washington application for state financial aid; and
Does not qualify for federally funded student financial aid because of their citizenship status.
Establishes the undocumented student support loan program (Sec. 3).
Specifies that the undocumented student support loan does not accrue interest while a participant is enrolled in an institution of higher education (Sec. 3).
Authorizes the office of student financial assistance to impose a loan origination fee up to, but not to exceed, the current rate imposed by the federal government on subsidized student loans (Sec. 3).
Establishes the maximum annual loan amount granted per student for the undocumented student support loan program as (Sec. 3):
The cost of tuition and required fees at the public institution of higher education the student is attending, or, if the student is attending a private institution of higher education, the tuition and required fees at an equivalent public institution; and
Less the value of any state-funded grant, scholarship, or waiver assistance the student receives, plus five hundred dollars for books and materials.
Establishes the undocumented student support loan match account as a nonappropriated account to be used solely and exclusively for the program for providing state matching funds for the undocumented student support loan program (Sec. 4).
Specifies that this act takes effect July 1, 2021 (Sec. 5).
Title: Establishes a Student Loan Program for Undocumented Students
Title: Establishes a Student Loan Program for Undocumented Students