The bill proposes an amendment to Section 262.9 of the Code of Iowa, introducing a new provision that mandates regents institutions to waive undergraduate tuition and mandatory fees for Iowa residents who achieve the maximum score on specific standardized tests, including those administered by ACT, Inc., the College Board, and the Classic Learning Test. In addition to the tuition waiver, eligible students will receive a stipend of $5,000 per semester.

To qualify for the waiver and stipend, students must provide documentation of their test scores and maintain satisfactory academic progress toward graduation, with the board having the authority to establish standards for this progress. This initiative aims to incentivize academic excellence among Iowa residents and support their higher education pursuits.

Statutes affected:
Introduced: 262.9