WA People
BILL · 2013–14 SESSION · LATEST VERSION SHB 2429

HB 2429: Advance higher ed loan prog.

Creating the Washington advance higher education loan program.

Summary

  • Finds that too many students at all income levels are leaving higher education programs with high levels of debt, and recognizes that a financial aid program that offers loans with repayments based on a student's income would reduce the burden of debt.
  • Creates the Washington Advance Higher Education Loan Pilot Program to replace the Washington Higher Education Loan Program.
  • Creates the Washington Advance Higher Education Loan Account in the custody of the State Treasurer.
  • Directs that the program is to be administered by the Office of Student Financial Assistance (Office) within the Student Achievement Council, and report annually to the Governor and Legislature on the design and implementation.
  • Includes an expiration date of July 1, 2020.

From the House Bill Report (HB 2429), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · died in committee
  1. IntroducedJan 17, 2014
  2. Out of committeestopped here
  3. Passed House
  4. Passed Senate
  5. Governor
  6. Law
Prime sponsor
Monica Jurado Stonier (D-17)
Introduced
January 17, 2014 in the House
Last action
February 4, 2014
Budget
Has a fiscal note
Versions
HB 2429, SHB 2429

AN ACT Relating to creating a higher education loan program;

Sponsors

Prime sponsor: Monica Jurado Stonier (D-17)

23 co-sponsors (19 Democrats, 4 Republicans)

Norm Johnson R-14Paul Harris R-17Sharon Wylie D-49Larry Haler R-8David Sawyer D-29Marcus Riccelli D-3Gerry Pollet D-46Cyrus Habib D-48Drew MacEwen R-35Gael Tarleton D-36Steve Bergquist D-11Jessyn Farrell D-46Joe Fitzgibbon D-34Jim Moeller D-49Cindy Ryu D-32Mike Sells D-38Roger Goodman D-45Mia Gregerson D-33Senator D-22Tana Senn D-41Sharon Tomiko Santos D-37Timm Ormsby D-3Roger Freeman D-30

Votes

No recorded floor votes. This measure never reached a floor vote.

History

  1. Referred to Appropriations Subcommittee on Education. (SHB 2429)
  2. Referred to Appropriations Subcommittee on Education.
  3. Minority; do not pass. (SHB 2429)
  4. HE - Majority; 1st substitute bill be substituted, do pass. (SHB 2429)
  5. HE - Executive action taken by committee.
  6. HE - Majority; 1st substitute bill be substituted, do pass.
  7. Minority; do not pass.
  8. First reading, referred to Higher Education (Not Officially read and referred until adoption of Introduction report).

HB 2429 in other sessions

Bill numbers restart every two years, so the same number is a different bill in each session.

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