HF 1904

as introduced - 91st Legislature (2019 - 2020) Posted on 02/28/2019 02:31pm

A bill for an act
relating to higher education; modifying grant stipends; amending Minnesota Statutes
2018, section 136A.121, subdivision 5.

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

Section 1.

Minnesota Statutes 2018, section 136A.121, subdivision 5, is amended to read:

Subd. 5.

Grant stipends.

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 50 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 new text begin financially
new text end eligible deleted text begin . deleted text end new text begin , unless the student is ineligible to receive a Pell grant under United States Code,
title 20, section 1091(a)(5) or (d).
new text end

The minimum financial stipend is $100 per academic year.