A bill for an act providing for an annual authorization fee to be collected by the college student aid commission from certain postsecondary educational institutions not subject to registration with the commission.

HF 772 requires the college student aid commission to collect a new annual authorization fee from certain postsecondary educational institutions. This fee applies to educational entities that are either exempt from standard registration with the commission or those offering educational courses in Iowa, and who do not already pay a registration fee. The bill sets the annual fee at $2,000 for institutions with a primary location in Iowa and $3,500 for those located outside of Iowa, beginning July 1, 2025. The commission is authorized to increase these fees annually by up to three percent.