BILL · 2013–14 SESSION · LATEST VERSION SHB 2720

HB 2720: Pay it forward program

Creating the pay it forward program.

Summary

  • Creates the Pay It Forward Program (PIF) for the purpose of increasing access to higher education.
  • Directs the Washington Student Achievement Council (WSAC) to develop and implement the PIF.
  • Directs the WSAC to select five high schools whose students are eligible to voluntarily participate in the PIF and sets out criteria for selection of the high schools.
  • Directs that students who participate in the PIF receive a grant for tuition and fees for their higher education program, less state financial aid received, and must enter into a contract to agree to make contributions to the PIF based on income after completing their higher education program.
  • Sets out parameters for making repayments based on the number of years of participation in the PIF and the certificate or degree level of the program.
  • Creates the Pay It Forward Trust Fund Account in the custody of the State Treasurer for the purposes of the PIF.

From the House Bill Report (HB 2720), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · died in committee
  1. IntroducedJan 28, 2014
  2. Out of committeestopped here
  3. Passed House
  4. Passed Senate
  5. Governor
  6. Law
Prime sponsor
Larry Seaquist (D-26)
Introduced
January 28, 2014 in the House
Last action
February 5, 2014
Budget
Has a fiscal note
Versions
HB 2720, SHB 2720

AN ACT Relating to the pay it forward program;

Sponsors

Votes

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

History

  1. Referred to Appropriations. (SHB 2720)
  2. Referred to Appropriations.
  3. HE - Majority; 1st substitute bill be substituted, do pass. (SHB 2720)
  4. Minority; do not pass. (SHB 2720)
  5. Minority; do not pass.
  6. HE - Majority; 1st substitute bill be substituted, do pass.
  7. HE - Executive action taken by committee.
  8. First reading, referred to Higher Education (Not Officially read and referred until adoption of Introduction report).

HB 2720 in other sessions

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

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