House Bill No. 7234 mandates the Commissioner of Higher Education to conduct a study on student loan repayment programs available to students in the state. The findings of this study must be reported to the joint standing committees of the General Assembly that oversee appropriations and higher education by February 1, 2026. This bill is effective upon passage and introduces a new section to current law regarding the study.

The bill does not have any fiscal impact on the state or municipalities, as it is expected that the Office of Higher Education has the necessary resources to complete the study. The legislative action was favorably reported by the Appropriations Committee with a unanimous vote.