House Bill 2,148: lawmakers hear sponsor and large public support for state 'Pay It Forward' graduate aid program
Sponsor Rep. Reid presented HB 2,148 to create a state Pay It Forward graduate loan program with income‑based contributions (up to 5% at research universities, 3.5% at regionals) and a maximum repayment period of 15 years. Counsel and multiple student and advocacy witnesses testified in strong support; the bill is silent on an interest rate and on a statutory per‑student cap.
The full story
The committee heard House Bill 2,148, a proposal to create a state‑run Pay It Forward program that would loan money to graduate students for tuition costs and require income‑based contributions after graduation to sustain the program for future cohorts.
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