Fiscal Note

SB0212 - Veteran Survivor and Dependent Higher Education Benefit

State Impact:
This fiscal impact of this bill will be determined by (1) the number of service members killed or disabled, (2) the number of their surviving spouses and children who decide to take advantage of the bill's tuition waivers, and (3) the institution those beneficiaries attend that grant the tuition waivers. Based on 2004-05 tuition rates, the Utah System of Higher Education would see a loss of tuition revenue, otherwise collected as a dedicated credits, of $1,800 to $3,400 for each waiver granted. Assuming that ten surviving spouses and/or children applied for the tuition waiver, and using an average tuition rate, the tuition loss would be $26,000 annually. The costs would likely increase and decrease, possibly on a delayed basis, according to the level of involvement of federal active duty.

Individual and Business Impact:
Individuals who qualify for the tuition waivers would benefit under the provisions of this bill.

Office of the Legislative Fiscal Analyst
2/13/2006, 3:14:54 PM