PENNSYLVANIA, March 19 - PRINTER'S NO. 459

THE GENERAL ASSEMBLY OF PENNSYLVANIA

SENATE BILL

No.

400

Session of

2021

INTRODUCED BY HUGHES, MUTH, L. WILLIAMS, KEARNEY, KANE,

SANTARSIERO, TARTAGLIONE, BREWSTER AND COMITTA,

MARCH 19, 2021

REFERRED TO EDUCATION, MARCH 19, 2021

AN ACT

Providing for student loan debt data collection and report, for

procedures for student loans, for disclosure of higher

education costs, for a student loan ombudsman, for higher

education assistance by employers, for duties of the

Department of Education, Department of Banking and Securities

and Department of Revenue; establishing the Student Loan

Refinancing Program; authorizing the Pennsylvania Higher

Education Assistance Agency to issue bonds to fund the

Student Loan Refinancing Program; establishing the Student

Loan Refinancing Fund; providing for student loan debt tax

credit, for application for tax credit, for taxpayer

eligibility, for carryover and carryback, for outreach and

marketing, for guidelines, for employer incentive for higher

education assistance tax credit, for application for tax

credits and for carryover, carryback and assignment of tax

credits; and imposing penalties.

TABLE OF CONTENTS

Chapter 1. General Provisions

Section 101. Short title.

Section 102. Definitions.

Chapter 3. Student Debt Data Collection

Section 301. Scope of chapter.

Section 302. Student loan debt data collection.

Section 303. Data analysis and report.

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