Colorado Legislative Council Staff
NO FISCAL IMPACT
January 8, 1998
Harry Zeid (866-4753)
TITLE: CONCERNING THE ADDITION OF FOR-PROFIT ORGANIZATIONS TO THE LIST OF STUDENT EMPLOYERS FOR PURPOSES OF HIGHER EDUCATION WORK-STUDY PROGRAMS.
Summary of Assessment
This bill would add for-profit organizations to the list of organizations with which educational institutions may enter into student employment contracts under the state work-study program. Under current law, the program is limited to positions that are directly under the control of the institution of higher education in which the student is enrolled, or in positions with nonprofit organizations, or governmental agencies with which the institution may execute student employment contracts.
The program is designed to increase the chances of career-based learning students to be placed in career oriented positions. The Colorado Commission on Higher Education indicates that it is expected that the for-profit employers will pay up to one-half of the salaries of a work-study student in order to guarantee that the student is employed in positions that will be tied directly to their field of study. The goal of the program is that the approved position will enhance the employability of the student enrolled in the program upon graduation from college.
The bill would not affect the revenues or expenditures of the state or units of local government. Therefore, the bill is assessed as having no fiscal impact. The bill will become effective upon signature of the Governor.
Education Colorado Commission on Higher Education Labor and Employment