| TO: | Honorable Royce West, Chair, Senate Committee on Subcommittee on Higher Education |
| FROM: | John Keel, Director, Legislative Budget Board |
| IN RE: | HB1420 by Hardcastle (Relating to the use of a portion of medical school tuition for student loan repayment assistance for physicians.), As Engrossed |
No significant fiscal implication to the State is anticipated.
The bill would expand the current two percent tuition set-aside for loan repayments to include non-resident tuition. This would result in an additional $196,815 of tuition set-aside for loan repayments at the eight health-related institutions, which collect tuition, and a re-distribution of General Revenue formula funding.
| Source Agencies: | 304 Comptroller of Public Accounts, 781 Higher Education Coordinating Board
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| LBB Staff: | JK, CT, PF, MG
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