WA People
BILL · 2023–24 SESSION · LATEST VERSION EHB 1823

HB 1823: WA student loan program

Modifying the Washington student loan program.

Summary

  • Eliminates the requirement that the Washington Student Loan Program be self-sustaining in order to issue loans.
  • To the extent practicable, requires the program account to have a minimum life cycle of seven years.
  • Limits loan interest rates to 2.5 percent or below, establishes terms for repayment, and limits loans to $20,000 annually per borrower.
  • Limits eligible participants to graduate students enrolled in specific fields of study and expands eligibility criteria for loan prioritization.
  • Requires additional data elements to be collected.

From the Engrossed House Bill Report (EHB 1823), written by the Legislature's nonpartisan staff. Read the full report ↗

Enacted Enacted · Chapter 389, Laws of 2023
  1. IntroducedFeb 13, 2023
  2. Out of committeeFeb 24, 2023
  3. Passed HouseMar 2, 2023
  4. Passed SenateApr 12, 2023
  5. GovernorMay 9, 2023
  6. LawMay 9, 2023
Prime sponsor
Joe Timmons (D-42)
Introduced
February 13, 2023 in the House
Last action
May 9, 2023
Session law
Chapter 389, Laws of 2023
Budget
Has a fiscal note

AN ACT Relating to the Washington student loan program;

Sponsors

Prime sponsor: Joe Timmons (D-42)

2 co-sponsors (2 Democrats, 0 Republicans)

Vandana Slatter D-48Alex Ramel D-40

Votes

House · 3rd Reading & Final Passage

Passed March 2, 2023
Version voted on: EHB 1823
67 Yea 29 Nay 0 Absent 2 Excused
PartyYeaNayAbsentExcused
Democrat56002
Republican112900
How each member voted

Yea (67)

Excused (2)

Permalink to this vote

Senate · 3rd Reading & Final Passage as Amended by the Senate

Passed April 12, 2023
Version voted on: EHB 1823
36 Yea 13 Nay 0 Absent 0 Excused
PartyYeaNayAbsentExcused
Democrat28100
Republican81200
How each member voted
Permalink to this vote

House · Final Passage as Amended by the Senate

Passed April 18, 2023
Version voted on: EHB 1823
57 Yea 40 Nay 0 Absent 1 Excused
PartyYeaNayAbsentExcused
Democrat57001
Republican04000
How each member voted

Yea (57)

Excused (1)

Permalink to this vote

History

  1. Effective date 7/23/2023*. (EHB 1823)
  2. Chapter 389, 2023 Laws. (EHB 1823)
  3. Governor signed. (EHB 1823)
  4. Delivered to Governor. (EHB 1823)
  5. Speaker signed. (EHB 1823)
  6. President signed. (EHB 1823)
  7. Passed final passage; yeas, 57; nays, 40; absent, 0; excused, 1. (EHB 1823)
  8. House concurred in Senate amendments. (EHB 1823)
  9. Third reading, passed; yeas, 36; nays, 13; absent, 0; excused, 0. (EHB 1823)
  10. Rules suspended. Placed on Third Reading. (EHB 1823)
  11. Committee amendment(s) adopted as amended. (EHB 1823)
  12. Placed on second reading by Rules Committee. (EHB 1823)
  13. Minority; without recommendation. (EHB 1823)
  14. Minority; do not pass. (EHB 1823)
  15. WM - Majority; do pass with amendment(s). (EHB 1823)
  16. Passed to Rules Committee for second reading. (EHB 1823)
  17. And refer to Ways & Means. (EHB 1823)
  18. HEWD - Majority; do pass with amendment(s). (EHB 1823)
  19. Referred to Ways & Means. (EHB 1823)
  20. First reading, referred to Higher Education & Workforce Development. (EHB 1823)
  21. Third reading, passed; yeas, 67; nays, 29; absent, 0; excused, 2. (EHB 1823)
  22. Rules suspended. Placed on Third Reading. (EHB 1823)
  23. Floor amendment(s) adopted. (EHB 1823)
  24. Rules Committee relieved of further consideration. Placed on second reading. (EHB 1823)
  25. APP - Executive action taken by committee. (EHB 1823)
  26. Minority; without recommendation. (EHB 1823)
  27. Minority; do not pass. (EHB 1823)
  28. APP - Majority; do pass. (EHB 1823)
  29. Referred to Rules 2 Review. (EHB 1823)
  30. PEW - Executive action taken by committee. (EHB 1823)
  31. Minority; without recommendation. (EHB 1823)
  32. Minority; do not pass. (EHB 1823)
  33. PEW - Majority; do pass. (EHB 1823)
  34. Referred to Appropriations. (EHB 1823)
  35. First reading, referred to Postsecondary Education & Workforce. (EHB 1823)

HB 1823 in other sessions

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

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