The Florida Senate

¹240.40401  Student financial assistance database.--

(1)  The Department of Education, in conjunction with the Florida Council of Student Financial Aid Advisors, staff of the Executive Office of the Governor, the Legislature, the Postsecondary Education Planning Commission, the Board of Regents, the State Board of Community Colleges, and the three largest student loan lenders by volume serving Florida students as of the effective date of this act, shall design a student financial assistance database that can be used to support all aspects of the administration and delivery of state-funded student financial aid. In addition, the database must have the capability of providing policymakers with comprehensive information regarding the various financial assistance programs available to students attending Florida postsecondary education institutions.

(2)  For purposes of this section, financial assistance includes:

(a)  For all students, any scholarship, grant, loan, fee waiver, tuition assistance payment, or other form of compensation provided from state or federal funds.

(b)  For students attending public institutions, any scholarship, grant, loan, fee waiver, tuition assistance payment, or other form of compensation supported by institutional funds.

(3)  The database must include records on any student receiving any form of financial assistance as described in subsection (2). Institutions participating in any state financial assistance program shall annually submit such information to the Department of Education in a format prescribed by the department and consistent with the provisions of s. 228.093.

History.--s. 1, ch. 97-169; s. 36, ch. 2000-158; s. 3(7), ch. 2000-321.

¹Note.--Repealed January 7, 2003, by s. 3(7), ch. 2000-321, and shall be reviewed by the Legislature prior to that date.