Bill > HB265

This bill modifies the provisions governing postsecondary education financial assistance awards in Missouri by updating key definitions and adjusting award amounts for students attending different types of educational institutions. The bill replaces the term "expected family contribution" with "student aid index" and establishes new award ranges for students at public two-year and four-year institutions, private institutions, and virtual institutions. For the 2014-25 academic year, students at two-year public institutions can receive between $300 and $1,300, while students at four-year public institutions, private institutions, and virtual institutions can receive between $1,500 and $2,850. Starting in the 2025-26 academic year, these ranges will increase to $500-$1,700 for two-year institutions and $1,750-$3,500 for four-year and private institutions. The bill maintains the requirement that students with a student aid index of $12,000 or less receive at least the minimum award, with maximum awards being reduced for students with higher aid indices. Additionally, the bill allows for potential award adjustments based on the Consumer Price Index every three years and provides flexibility in handling insufficient or excess appropriated funds for the financial assistance program.

Education, Government Affairs

https://house.mo.gov/Bill.aspx?bill=HB265&year=2025&code=R