Colorado might soon have a new tool to draw employers to the state. House Bill 1256, which passed the House yesterday, would authorize in-state tuition for the employees of companies that move here as a result of a state or local economic incentive program. The bill was amended in the House Education Committee to include the college-age children of such employees.
Currently, new residents must live in Colorado for at least one year before becoming eligible for in-state tuition. Statewide, next year’s average in-state tuition will be $7,368 less than the average out-of-state tuition. Students receiving in-state tuition as a result of HB 1256 would not be eligible for state financial aid or stipends from the College Opportunity Fund.
The bill will now go to the Senate Education Committee.