A college savings plan known as the Minnesota college savings plan is established. In establishing this plan, the legislature seeks to encourage individuals to save for postsecondary education by:
(1) providing a qualified tuition plan under federal tax law;
(2) providing matching grants for contributions to the program by low- and middle-income families; and
(3) encouraging individuals, foundations, and businesses to provide additional grants to participating students.
Official Publication of the State of Minnesota
Revisor of Statutes