as introduced - 92nd Legislature (2021 - 2022) Posted on 04/09/2021 12:50pm
A bill for an act
relating to higher education; adjusting certain state grant parameters; appropriating
money; amending Minnesota Statutes 2020, section 136A.121, subdivision 5.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
Minnesota Statutes 2020, section 136A.121, subdivision 5, is amended to read:
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 of at least deleted text begin50deleted text endnew text beginnew text end percent of the cost of attending
the institution of the applicant's choosing;
(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.
new text begin new text end