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Bill > HB2719

OR HB2719

OR HB2719
Relating to methods of paying for post-secondary education; prescribing an effective date.

summary

Introduced
01/13/2025
In Committee
01/17/2025
Crossed Over
Passed
Dead
06/27/2025

Introduced Session

2025 Legislative Measures

Bill Summary

The statement includes a measure digest written in compliance with applicable readability standards. Digest: The Act creates a program to provide money for higher learning students. The Act re- quires students to repay the program for receiving money. (Flesch Readability Score: 62.7). Establishes the Guaranteed Opportunity Program. Requires the Office of Student Access and Completion to administer the program. Requires the State Workforce and Talent Development Board to monitor the program every two years and make recommendations to the Legislative As- sembly on whether modifications are necessary to enhance the state’s workforce. Establishes that the program becomes operative on January 1, 2045. Establishes the Guaranteed Opportunity Program Implementation Fund. Requires the Higher Education Coordinating Commission, on the effective date of the Act, to begin the process of developing the policy and rules necessary to implement the Guaranteed Op- portunity Program. Requires the commission to submit a report regarding the progress on the de- velopment of policy and rules to committees related to public finance and higher education during the 2026 and 2027 regular sessions of the Legislative Assembly. Establishes the Task Force on Implementing the Guaranteed Opportunity Program. Requires the task force to determine the amount of moneys the program will need to raise through bonding, de- termine which current grant and scholarship programs should be repealed on the operative date of the Guaranteed Opportunity Program and analyze the methods for preventing bad faith participation of participants in the program. Sunsets the task force on December 31, 2026. Takes effect on the 91st day following adjournment sine die.

AI Summary

This bill establishes the Guaranteed Opportunity Program, a novel approach to funding post-secondary education in Oregon that allows eligible individuals between 18 and 65 years old to have their educational costs covered in exchange for paying a percentage of their future income. Participants can enroll in various types of institutions, including public universities, community colleges, and career schools, and receive coverage for tuition, fees, textbooks, housing, and other education-related expenses. The repayment percentage varies based on the degree level obtained: 2% for associate's or certificate degrees, 3% for bachelor's degrees, 4% for master's or professional degrees, and 5% for doctoral degrees. The program will be administered by the Office of Student Access and Completion and will be funded through a dedicated implementation fund that can receive legislative appropriations, bond proceeds, and other contributions. A special 13-member Task Force will be established to analyze the program's financial needs, potential improvements, and to recommend which existing grant and scholarship programs might be discontinued when the program becomes operational in 2045. The bill includes robust privacy protections, ensuring that participants' personal income data will be kept confidential and only reported in aggregate formats. The Higher Education Coordinating Commission will begin developing implementation rules immediately, with the goal of having the program fully operational by January 1, 2045.

Committee Categories

Education

Sponsors (1)

Last Action

In committee upon adjournment. (on 06/27/2025)

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