The bill mandates the college student aid commission to collect an annual authorization fee from certain postsecondary educational institutions not.

The bill requires the college student aid commission to collect a single, nonrefundable annual authorization fee from certain entities that do not pay a registration fee to the commission. The fee amounts vary based on whether the entity's primary location is in or outside of Iowa. The commission may increase the fee annually by up to three percent.

The bill mandates the college student aid commission to collect an annual authorization fee from certain postsecondary educational institutions not.

The bill requires the college student aid commission to collect a single, nonrefundable annual authorization fee from certain entities that do not pay a registration fee to the commission. The fee amounts vary based on whether the entity's primary location is in or outside of Iowa. The commission may increase the fee annually by up to three percent.