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CPE asks legislature to create $30M-per-year trust to reimburse universities for tuition waivers
Summary
CPE proposed a new trust fund that would reimburse institutions up to an estimated $31.5M in foregone tuition revenue from statutorily required waivers; CPE said recipients would likely be required to complete FAFSA and that the proposal is a policy choice affecting vulnerable students.
The Council on Postsecondary Education asked the interim Budget Review Subcommittee on Education to authorize a new trust fund that would reimburse public postsecondary institutions for statutorily required tuition discounts and waivers.
Bill Payne said CPE recommends the General Assembly establish a trust fund with $30 million appropriated each year of the 2026–28 biennium to…
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