as introduced - 91st Legislature (2019 - 2020) Posted on 02/18/2019 03:04pm
A bill for an act
relating to higher education; amending state grant stipends; amending Minnesota
Statutes 2018, section 136A.121, subdivision 5.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
Minnesota Statutes 2018, 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 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 eligibledeleted text begin.deleted text endnew text beginnew text end
The minimum financial stipend is $100 per academic year.