BILL ANALYSIS

 

 

Senate Research Center

S.B. 1860

 

By: Powell

 

Higher Education

 

5/27/2021

 

Enrolled

 

 

AUTHOR'S / SPONSOR'S STATEMENT OF INTENT

 

The federal Coronavirus Response and Relief Supplemental Appropriations Act (CRRSAA), passed in December of 2020, included the Free Application for Federal Student Aid (FAFSA) Simplification Act, the largest rewrite of federal student financial need calculations since 1991. As a result of this legislation, the FAFSA used by students and institutions of higher education to determine eligibility for most federal financial aid will be extensively revised beginning with applications for aid in the 2023-2024 academic year.

 

Issue: Electronic TASFA

 

H.B. 2140 (86th Legislature) requires the Texas Higher Education Coordinating Board (THECB) to create an electronic version of the Texas Application for State Financial Aid (TASFA). TASFA collects information similar to FAFSA to help determine eligibility for state (or institutional) financial aid programs administered by institutions of higher education in the state of Texas. H.B. 2140 states that the act applies beginning with the applications for aid submitted for the 2022-2023 academic year. However, the FAFSA Simplification Act takes effect with respect to applications for aid for the 2023-2024 academic year.

 

Because TASFA mirrors FAFSA, THECB will need to build the electronic TASFA platform by fall 2021 based on the existing FAFSA to meet the H.B. 2140 deadline. When the new FAFSA is released in fall of 2022, THECB would then need to rebuild the platform to match the new version.

 

S.B. 1860, 87th Legislature

 

 

S.B. 1860 amends current law relating to creating an electronic application system for state student financial assistance.

 

RULEMAKING AUTHORITY

 

This bill does not expressly grant any additional rulemaking authority to a state officer, institution, or agency.

 

SECTION BY SECTION ANALYSIS

 

SECTION 1. Amends Section 2, Chapter 801 (H.B. 2140), Acts of the 86th Legislature, Regular Session, 2019, to provide that the changes in law made by this Act (relating to creating an electronic application system for state student financial assistance) apply beginning with applications for state student financial assistance submitted for the 2023-2024 academic year, rather than for the 2022-2023 academic year.

 

SECTION 2. Effective date: September 1, 2021.