Establishes a loan account to provide supplemental financial aid to graduate students whose program costs exceed federal borrowing limits.

This bill creates the Graduate Student Supplemental Revolving Loan Account to offer supplemental loans to eligible graduate students. Eligible students are those enrolled in programs that do not meet the federal definition of a professional degree program, such as nursing or social work. The Utah Board of Higher Education will administer the account, make rules for the loans, and report annually on the account's activities. The account will consist of unspent balances, legislative appropriations, contributions, and loan repayments. The bill takes effect on July 1, 2026.

Establishes a loan account to provide supplemental financial aid to graduate students whose program costs exceed federal borrowing limits.

This bill creates the Graduate Student Supplemental Revolving Loan Account to offer supplemental loans to eligible graduate students. Eligible students are those enrolled in programs that do not meet the federal definition of a professional degree program, such as nursing or social work. The Utah Board of Higher Education will administer the account, make rules for the loans, and report annually on the account's activities. The account will consist of unspent balances, legislative appropriations, contributions, and loan repayments. The bill takes effect on July 1, 2026.