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Bill > HB2752


AZ HB2752

Financial aid program; tuition surcharge


summary

Introduced
02/10/2025
In Committee
Crossed Over
Passed
Dead

Introduced Session

Fifty-seventh Legislature - First Regular Session (2025)

Bill Summary

AN ACT amending title 15, chapter 13, article 2, Arizona Revised Statutes, by adding section 15-1642.01; amending title 15, chapter 13, article 6, Arizona Revised Statutes, by adding section 15-1706; appropriating monies; relating to financial aid.

AI Summary

This bill establishes the Arizona Higher Education Financial Aid Program, which aims to support Arizona students attending universities or community colleges. The program will be funded through a $300 annual surcharge on out-of-state students' tuition and will receive a $500,000 initial appropriation from the state general fund. To qualify for financial aid, students must be Arizona residents, enrolled in a state university or community college, and maintain a minimum 2.0 grade point average. Starting in 2026, the Arizona Board of Regents will distribute funds to cover the full tuition and fees for qualifying students on a first-come, first-served basis if sufficient funds are available. The board will establish application procedures, evaluation criteria, and may retain up to 5% of the fund for administrative purposes. The bill requires an affirmative vote of at least two-thirds of the legislature to be enacted and will become effective immediately upon the governor's signature or a subsequent three-fourths legislative vote if vetoed.

Committee Categories

Budget and Finance, Education

Sponsors (16)

Last Action

House read second time (on 02/11/2025)

bill text


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