Connecticut 2017 Regular Session Status: In Committee

SB 838 — AN ACT CONCERNING AN ANALYSIS OF MODEL PRIVATELY FUNDED STATE LOAN PROGRAMS.

Last action — FILE NO. 370

  1. ✓
    Introduced
  2. 2
    In Committee
  3. 3
    Passed Senate
  4. 4
    Passed House
  5. 5
    To Executive
  6. 6
    Enacted

This bill died with 2017 Regular Session. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.

This bill is no longer active — its legislative session has ended, so there is no live prognosis. It would have to be reintroduced in the current session to move again.

Bill Text

What changed in the latest version

9 added · 12 removed

Plain-language change summary

The updated version of the bill includes a change to the title and allows individuals to enter into an income-share agreement instead of requiring a binding contract to pay a percentage of their adjusted gross income upon graduation. Additionally, the language was modified for clarity and the timeline for submitting a report was adjusted from July 1, 2017, to October 1, 2017. This matters because it shifts the approach from a mandatory contract to a more flexible income-share agreement for financing education, which may appeal to different individuals seeking financial options.

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AN ACT CONCERNING ANALYSIS OF MODEL PRIVATELY FUNDED STATE LOAN PROGRAMS.
AN ACT CONCERNING AN ANALYSIS OF MODEL PRIVATELY FUNDED STATE LOAN PROGRAMS.
General Assembly   Raised Bill No.
General Assembly   Substitute Bill No.
838 January Session, 2017   LCO No.
838 January Session, 2017   *_____SB00838HED___031717____* AN ACT CONCERNING AN ANALYSIS OF MODEL PRIVATELY FUNDED STATE LOAN PROGRAMS.
3845   *03845_______HED* Referred to Committee on HIGHER EDUCATION AND EMPLOYMENT ADVANCEMENT   Introduced by:
  (HED)   AN ACT CONCERNING ANALYSIS OF MODEL PRIVATELY FUNDED STATE LOAN PROGRAMS.
On or before [July 1, 2017] October 1, 2017, the Student Loan Ombudsman, designated under section 36a-25 of the general statutes, may evaluate how the state can move toward debt-free education and submit a report, in accordance with the provisions of section 11-4a of the general statutes, to the joint standing committee of the General Assembly having cognizance of matters relating to banking concerning its recommendations [and] for (1) the feasibility of establishing a program to [require a student to sign a binding contract to pay a percentage of the student's adjusted gross income upon graduation, for a specified number of years, in lieu of incurring debt as a result of borrowing money under a student education loan] allow an individual to enter into an income-share agreement, and (2) conduct an analysis of an appropriate commitment factor under such income-share agreement.
On or before [July 1, 2017] October 1, 2017, the Student Loan Ombudsman, designated under section 36a-25 of the general statutes, may evaluate how the state can move toward debt-free education and submit a report, in accordance with the provisions of section 11-4a of the general statutes, to the joint standing committee of the General Assembly having cognizance of matters relating to banking concerning its recommendations [and] for (1) the feasibility of establishing a program to [require a student to sign a binding contract to pay a percentage of the student's adjusted gross income upon graduation, for a specified number of years, in lieu of incurring debt as a result of borrowing money under a student education loan] allow an individual to enter into an income-share agreement, and (2) conducting an analysis of an appropriate commitment factor under such income-share agreement.
60 Statement of Purpose:
60 Statement of Legislative Commissioners:
To evaluate how the state can move toward a debt-free higher education system.
In Section 1, "conduct" was replaced with "conducting" for proper grammar, and the title was changed.
[Proposed deletions are enclosed in brackets.
HED Joint Favorable Subst.
Proposed additions are indicated by underline, except that when the entire text of a bill or resolution or a section of a bill or resolution is new, it is not underlined.]
-LCO  
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Action History

  1. FILE NO. 370

  2. SENATE CALENDAR NUMBER 197

  3. FAV. RPT., TAB. FOR CAL., SEN.

  4. RPTD. OUT OF LCO

  5. REFERRED TO Office of Legislative Research AND Office of Fiscal Analysis 04/03/17

  6. FILED WITH LCO

  7. Joint Favorable

  8. PUBLIC HEARING 0223

  9. REF. TO JOINT COMM. ON Higher Education and Employment Advancement

Sponsors

  • Higher Education and Employment Advancement Committee · Primary

Sponsorship breakdown

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1 sponsors · 0 co-sponsors · 186 not signed on

Sponsors (1)

  • Higher Education and Employment Advancement Committee

Co-sponsors (0)

None.

Not signed on (186)

186 members have not signed on to this bill.

Show all 186 →

"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

finance education
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

Who sponsors SB 838?
SB 838 is sponsored by Higher Education and Employment Advancement Committee.
What is the current status of SB 838?
This bill died with 2017 Regular Session. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
Where can I track SB 838?
Track SB 838 free on One Click Politics — get push/email alerts when it moves.

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