HF 1430

as introduced - 90th Legislature (2017 - 2018) Posted on 03/27/2017 11:41am

A bill for an act
relating to higher education; adjusting state grant program parameters; amending
Minnesota Statutes 2016, sections 136A.101, subdivision 5a; 136A.121, subdivision
5.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

Section 1.

Minnesota Statutes 2016, section 136A.101, subdivision 5a, is amended to read:

Subd. 5a.

Assigned family responsibility.

"Assigned family responsibility" means the
amount of a family's contribution to a student's cost of attendance, as determined by a federal
need analysis. For dependent students, the assigned family responsibility is deleted text begin 94 deleted text end new text begin 86 new text end percent
of the parental contribution new text begin for fiscal years 2018 and 2019, and 76 percent thereafter new text end . For
independent students with dependents other than a spouse, the assigned family responsibility
is deleted text begin 86 deleted text end new text begin 76 new text end percent of the student contribution new text begin for fiscal years 2018 and 2019, and 66 percent
thereafter new text end . For independent students without dependents other than a spouse, the assigned
family responsibility is deleted text begin 50 deleted text end new text begin 40 new text end percent of the student contribution new text begin for fiscal years 2018 and
2019, and 30 percent thereafter new text end .

Sec. 2.

Minnesota Statutes 2016, section 136A.121, subdivision 5, is amended to read:

Subd. 5.

Grant stipends.

new text begin (a) The "assigned student responsibility" equals the following
percentages of the cost of attending the institution of the applicant's choosing:
new text end

new text begin (1) in fiscal years 2018 and 2019, 47 percent; and
new text end

new text begin (2) 44 percent thereafter.
new text end

new text begin (b) new text end The grant stipend shall be based on a sharing of responsibility for covering the
recognized cost of attendance by the applicant, the applicant's family, and the government.
The amount of a financial stipend must not exceed a grant applicant's recognized cost of
attendance, as defined in subdivision 6, after deducting the following:

(1) the assigned student responsibility deleted text begin of at least 50 percent of the cost of attending the
institution of the applicant's choosing deleted text end new text begin described in paragraph (a) new text end ;

(2) the assigned family responsibility as defined in section 136A.101; and

(3) the amount of a federal Pell grant award for which the grant applicant is eligible.

The minimum financial stipend is $100 per academic year.