Column from Speaker Batchelder in the Post: Contributing to higher education in Ohio
Currently, students who qualify for a Pell grant (federally funded-needs based) or an Ohio College Opportunity Grant (state funded-needs based) are able to pay for many of their education-related expenses from these federal and/or state grant funds. Furthermore, these expenses are not subject to federal or state taxes. For example, tuition, fees, and books are allowable expenses and are exempt from federal and state income taxes.
However, the portion of these grants used for the purposes of room, board, and meal plans offered through the college are subject to federal and state income taxes. For students living away from home, the expenses associated with room, board, and meal plans are just as real and relative to obtaining a college degree as the cost of tuition itself.
H.B. 167 broadens the “tax exempt” status of allowable expenses to include room, board and meal plans offered through the college.
“Encouraging high school students to pursue a college degree has been and continues to be a goal of this state,” said Derickson. “This legislation reflects our state’s desire and goal to encourage Ohioans to continue their education in a post-secondary program. All of this can be done with minimum impact to the State of Ohio’s budget.”
Data from the U.S. Department of Education indicates that Ohio’s four-year institutions were awarded $511.4 million in Pell Grant monies for the 2009-2010 academic years. The average award for a four-year institution, both public and private, was $3,714. This was offered to 99,663 students from the state.
House Bill 167 passed with unanimous, bipartisan support from the House and will now move to the Ohio Senate for further consideration.
State Representative Todd McKenney (R-New Franklin) has announced the passage of House Bill 139 from the Ohio House of Representatives by a vote of 92-1.
House Bill 139 changes the name of the “Northeastern Ohio Universities College of Medicine” to the “Northeast Ohio Medical University.” The legislation includes an emergency clause to allow the new designated title to be utilized on upcoming graduation diplomas. The first class of pharmacy students will graduate in May. The legislation enables the charter class of pharmacy students to graduate under a new name that is not the “College of Medicine” and to award students a doctoral degree in the College of Pharmacy at the Northeast Ohio Medical University.
“I am pleased this legislation is moving forward,” McKenney said. “The new Northeast Ohio Medical University will soon play a major role in the economic development of Rootstown, Portage County, and all of northeastern Ohio. Renaming NEOUCOM as NeoMED is an important step in the school’s expansion process. The expanded university will drive local investment and new economic opportunities in the emerging field of biotechnology. This is a very exciting opportunity for our area.”
The Northeastern Ohio Universities Colleges of Medicine and Pharmacy (NEOUCOM) is a community-based, public institution offering both a doctor of medicine (M.D.) and a doctor of pharmacy (Pharm.D.) degree. The colleges’ educational partners include teaching hospitals, community pharmacies, boards of health and four northeast Ohio public universities.
Through these and other collaborative arrangements, the colleges participate in the Consortium of Eastern Ohio Master of Public Health program and offer graduate-level coursework and research opportunities leading to master’s and doctoral degrees in biomedical sciences and biomedical engineering. NEOUCOM is a founding member of the Austen BioInnovation Institute in Akron.
House Bill 139 now moves to the Ohio Senate for further consideration.
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