The College Affordability Act aims to enhance the accessibility and affordability of higher education in Iowa by implementing several key provisions. It mandates that the Board of Regents must provide written notification to student government organizations at least thirty days before any proposed tuition increase, with the final decision on such increases to be made by April 30 of the previous fiscal year. Additionally, the Act requires each institution to offer at least one baccalaureate degree program that can be completed in three years and to implement a work-study program where employers cover students' tuition and fees during their employment.

Furthermore, the Act directs the Board of Regents to conduct a study on a policy that would freeze tuition rates for undergraduate students classified as residents during their first academic year for the following three years. This study will assess the potential impact on enrollment, the feasibility and costs of implementation, and the outcomes of similar policies in other states. A report on the findings of this study is to be submitted to the governor and the general assembly by November 30, 2025.

Statutes affected:
Introduced: 262.9
Reprinted: 262.9
Enrolled: 262.9