SB 23-084

Senate Bill 23-084, also known as the Full-time Employment For Higher Education Faculty bill, aims to help college teachers qualify for federal loan forgiveness programs by changing how their work hours are calculated. Under this new law, institutions must multiply a teacher's or faculty member’s credit or contact hours by at least 4.35 to determine if they meet the full-time employment requirement. The bill also requires these institutions to either directly certify employees' eligibility for the loan forgiveness program or provide them with partially completed forms to do so. This law applies retroactively from October 1, 2007, and took effect on March 23, 2023, when it was signed by the governor.

Official Summary

To determine if a faculty or teacher at a state or nonprofit institution of higher education (institution) is a full-time employee under the federal public loan forgiveness program (program), the act requires the faculty's or teacher's credit or contact hours to be multiplied by at least 4.35 to determine the number of hours worked. The act directs institutions to either directly certify employment for the program or annually provide employees with partially completed forms to certify their employment. The act allows an institution to apply this calculation going back to October 1, 2007. APPROVED by Governor March 23, 2023 EFFECTIVE March 23, 2023 (Note: This summary applies to this bill as enacted.)

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