This bill amends Section 262.9 of the Iowa Code to mandate that institutions of higher education governed by the state board of regents establish a policy ensuring that the tuition charged to resident undergraduate students in their first academic year will remain constant in subsequent years of enrollment. This policy applies to students whose first academic year begins in or after 2027. Additionally, for students who enter with sufficient academic transfer credits to complete their degree in less than four years, the tuition freeze will only apply for the number of years necessary to complete their degree, rounded up.
The bill also specifies that this tuition stability requirement is limited to a maximum of three consecutive academic years following the student's first year of enrollment. This legislative change aims to provide financial predictability for students and their families, potentially easing the burden of rising tuition costs during their undergraduate education.
Statutes affected: Introduced: 262.9