HB 515 Utah House · 2026 General Session

Graduate Student Supplemental Loans

HB 515 creates the Graduate Student Supplemental Revolving Loan Fund to provide low-interest loans covering the gap between federal financial aid limits and actual program costs for eligible graduate students. It directly affects students enrolled in specific non-professional graduate programs (like nursing, social work, education, or counseling) at Utah degree-granting institutions. The Utah Board of Higher Education will administer the fund, make rules for loan applications and repayment, and use repaid funds to sustain the program - requiring no new state appropriations. The fund becomes operational on July 1, 2026, with annual reports to the governor and legislature.

Issues: ✓ Education ✓ Healthcare

Bill status in committee 1 of 4 stages cleared

Introduction

Feb 2026

Committee Review

Floor Vote

Governor

Introduced Feb 9, 2026 Last action Mar 7, 2026

Maddy AI version diff · 1 comparison

What changed between versions

Introduced → Substitute #1 · 4 edits

MODERATE

The bill was amended to change the name of the fund from 'Account' to 'Fund' and added a new provision requiring the Division of Finance to include this fund in its list of revolving loan funds for rulemaking purposes. Additionally, the list of eligible graduate programs was expanded to include marriage and family therapy.

Scope change

The bill's scope was modified to explicitly require the Division of Finance to regulate the new fund alongside other state revolving loan funds, ensuring consistent administrative standards.

DEFINITION

The term 'Account' was replaced with 'Fund' throughout the bill to align with standard terminology for revolving loan funds.

REQUIREMENT

A new provision was added requiring the Utah Board of Higher Education to register the fund with the Division of Finance for rulemaking purposes.

ELIGIBILITY

The list of eligible graduate programs was updated to include 'marriage and family therapy' alongside existing fields like nursing and social work.

TECHNICAL

Minor formatting changes were made to the bill's title page and section headers.

Floor votes

How they voted

No floor votes recorded yet.

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Mar 5, 2026

Lower · Passed

House/ comm rpt/ sent to Rules [House Rules Committee]

lower

Mar 3, 2026

Lower · Passed

House Comm - Recommends Returned to Rules [House Revenue and Taxation Committee]

lower

Feb 19, 2026

Lower · Passed

House Comm - Held [House Revenue and Taxation Committee]

lower

Feb 17, 2026

Committee

House/ to standing committee [House Revenue and Taxation Committee]

lower

Feb 9, 2026

Introduced

House/ 1st reading (Introduced)

lower

1 primary · 0 co-sponsors