SF 4503

as introduced - 93rd Legislature (2023 - 2024) Posted on 03/05/2024 08:58am

A bill for an act
relating to higher education; modifying certain North Star Promise provisions;
amending Minnesota Statutes 2023 Supplement, section 136A.1465, subdivisions
1, 3.

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

Section 1.

Minnesota Statutes 2023 Supplement, section 136A.1465, subdivision 1, is
amended to read:

Subdivision 1.

Definitions.

The following terms have the meanings given:

(1) "eligible student" means a resident student under section 136A.101, subdivision 8,
who is enrolled in any public postsecondary educational institution or Tribal college;

(2) "gift aid" means all financial aid designated for the student's educational expenses,
including a grant, scholarship, tuition waiver, fellowship stipend, or other third-party
payment, that is not a loan or pursuant to a work-study program;

(3) "office" means the Office of Higher Education;

(4) "public postsecondary educational institution" means an institution operated by this
state, the Board of Regents of the University of Minnesota, or a Tribal college;

(5) "scholarship" means funds to pay 100 percent of tuition and fees remaining after
deducting new text begin federal and state new text end grants deleted text begin and other scholarships deleted text end ;

(6) "Tribal college" means a college defined in section 136A.1796, subdivision 1,
paragraph (c); and

(7) "tuition and fees" means the actual tuition and fees charged by an institution.

Sec. 2.

Minnesota Statutes 2023 Supplement, section 136A.1465, subdivision 3, is amended
to read:

Subd. 3.

Scholarship.

(a) Beginning in the 2024-2025 academic year, scholarships shall
be awarded to eligible students in an amount not to exceed 100 percent of tuition and fees
after new text begin federal and state new text end grants deleted text begin and other scholarships deleted text end are deducted.

(b) For the 2024-2025, 2025-2026, and 2026-2027 academic years, if funds remain after
scholarships are awarded under paragraph (a), grants shall be awarded to eligible students
in an amount equal to 100 percent of tuition and fees plus, subject to available funds, up to
50 percent of the amount of a Pell grant the student would receive based on household size,
family adjusted gross income, and results of the federal needs analysis after other gift aid
is deducted. The commissioner may adjust the grant amount based on the availability of
funds.