The bill amends Section 262.9 of the Iowa Code to regulate tuition increases for resident undergraduate students at institutions of higher education governed by the board. It introduces a new paragraph that limits tuition increases to the average of the higher education price index over the previous three years, with an exception for students whose tuition is already capped under a different subsection. Additionally, a new subsection mandates that the tuition amount charged to resident undergraduate students in their first academic year will remain unchanged in subsequent years, provided they pay a fee not exceeding ten percent of the base tuition for that first year.

Furthermore, the bill outlines specific conditions for students with academic transfer credits, stating that the tuition policy applies only for the number of years necessary to complete their degree, rounded up. It also allows for adjustments in tuition if a student transfers to another institution where the tuition for their first year would have been higher. However, the provisions of this subsection are limited to three consecutive academic years following the student's initial enrollment.

Statutes affected:
Introduced: 262.9
Reprinted: 262.9