The bill establishes a number of new programs concerning postsecondary career and education options for students, including:
- Establishing the postsecondary, workforce, career, and education grant program in the department of education (CDE) to provide grants to local education providers to improve the training of school educators and administrators, to support students and families in developing career and education plans for after high school, and to increase the number of students for whom applications for free financial aid are completed;
- Creating regional postsecondary and workforce coordinators in the CDE to train educators concerning financial aspects of postsecondary options;
- Updating the financial literacy resource bank to include more information and training concerning postsecondary financial aid;
- Creating stipends for teachers who successfully complete financial aid training;
- Adding a requirement to individual career and postsecondary education plans to include information about available state and federal financial aid;
- Requiring the department of higher education (CDHE) to use technology to assist students and families in completing postsecondary state and federal financial aid applications; and
- Requiring the CDHE to make certain improvements to streamline the Colorado application for financial aid.
The bill appropriates money for each of the programs and specifies that the CDE and the CDHE may use the money appropriated in subsequent years without additional appropriation. Specifically, the bill appropriates $1,625,000 to CDE and $1,250,000 to CDHE for the new programs created in the bill.
(Note: Italicized words indicate new material added to the original summary; dashes through words indicate deletions from the original summary.)
(Note: This summary applies to the reengrossed version of this bill as introduced in the second house.)