Pennsylvania HB2099 establishes a Delayed Payment Plan Program for students at participating institutions.

Pennsylvania HB2099 creates the Delayed Payment Plan Program, allowing students at participating institutions to defer tuition payments until after graduation. The program involves income share agreements where students commit to paying a percentage of their future income for a set period. The Pennsylvania Higher Education Assistance Agency will manage the program, including setting repayment terms and caps. The Delayed Payment Plan Program Fund will finance the program, with administrative costs limited to $400,000 in the first year and $300,000 annually thereafter.

Pennsylvania HB2099 establishes a Delayed Payment Plan Program for students at participating institutions.

Pennsylvania HB2099 creates the Delayed Payment Plan Program, allowing students at participating institutions to defer tuition payments until after graduation. The program involves income share agreements where students commit to paying a percentage of their future income for a set period. The Pennsylvania Higher Education Assistance Agency will manage the program, including setting repayment terms and caps. The Delayed Payment Plan Program Fund will finance the program, with administrative costs limited to $400,000 in the first year and $300,000 annually thereafter.