Bill
Bill > SF1800
MN SF1800
Student loan refinancing program eligibility expansion and appropriation
summary
Introduced
02/27/2019
02/27/2019
In Committee
02/27/2019
02/27/2019
Crossed Over
Passed
Dead
05/17/2020
05/17/2020
Introduced Session
91st Legislature 2019-2020
Bill Summary
Student loan refinancing program eligibility expansion and appropriation
AI Summary
This bill expands eligibility for the student loan refinancing program offered by the Minnesota Office of Higher Education. The bill increases the maximum amount of outstanding refinanced loans from $100 million to $125 million and establishes a higher education bad debt reserve account in the special revenue fund. The account is appropriated to the commissioner to expand eligibility for the refinancing program, such as by reducing credit score and debt-to-income requirements. The bill also transfers $5 million in fiscal year 2020 and $5 million in fiscal year 2021 from the general fund to the bad debt reserve account.
Committee Categories
Education
Sponsors (5)
Last Action
Referred to Higher Education Finance and Policy (on 02/27/2019)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.revisor.mn.gov/bills/bill.php?b=Senate&f=SF1800&ssn=0&y=2019 |
| BillText | https://www.revisor.mn.gov/bills/text.php?number=SF1800&version=0&session=ls91&session_year=2019&session_number=0&format=pdf |
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