Title: Establishes a State Student Loan Program
Signed by Governor Jay Inslee
Title: Establishes a State Student Loan Program
Vote to pass a bill that establishes a state student loan program.
Establishes a state student loan program that (Sec. 3):
Offers loans with interest rates below federal student loan interest rates;
Includes loan limits and grace periods; and
Prioritizes low-income borrowers.
Authorizes the state to contract with private financial institutions to administer the loan program (Sec. 3).
Specifies that the Office of Student Financial Assistance will be responsible for administering and collecting loans, and working with state educational institutions who offer them (Sec. 4).
Establishes the Washington Student Loan Account to collect receipts from the loan program and requires that these receipts only be used to issue new loans (Sec. 7).
Title: Establishes a State Student Loan Program
Vote to pass a bill that establishes a state student loan program.
Establishes a state student loan program that (Sec. 3):
Offers loans with interest rates below federal student loan interest rates;
Includes loan limits and grace periods; and
Prioritizes low-income borrowers.
Authorizes the state to contract with private financial institutions to administer the loan program (Sec. 3).
Specifies that the Office of Student Financial Assistance will be responsible for administering and collecting loans, and working with state educational institutions who offer them (Sec. 4).
Establishes the Washington Student Loan Account to collect receipts from the loan program and requires that these receipts only be used to issue new loans (Sec. 7).
Title: Establishes a State Student Loan Program
Title: Establishes a State Student Loan Program
Title: Establishes a State Student Loan Program