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House committee report advances bill to standardize repayment rates on service scholarships
Summary
A House committee moved SB 50, which would set a uniform variable interest rate (tied to a Fed funds index) for multiple service scholarships administered by the Kansas Board of Regents; sponsors said existing rates varied widely.
A House committee on March 17 reported Senate Bill 50 favorably after debate in the Committee of the Whole. The bill would set uniform repayment terms for several service scholarships administered by the Kansas Board of Regents and replace a range of existing fixed interest rates with a variable rate tied to the federal funds rate plus a spread.
Representative Pishni, carrying the bill in the House, told members the measure would…
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