Bill > HB855

This bill modifies the "Fast Track Workforce Incentive Grant" program, establishing a state-funded grant to support Missouri citizens pursuing postsecondary education or apprenticeships in areas of occupational shortage. The bill expands eligibility by increasing income thresholds for applicants (raising the maximum from $40,000 to $50,000 for individual filers and from $80,000 to $100,000 for joint filers), with these caps set to be adjusted annually for inflation starting in 2026. Eligible individuals must be at least 25 years old or have not been enrolled in postsecondary education for two years, and must be Missouri residents. The grant covers tuition, fees, and related educational costs for students in eligible undergraduate programs or apprenticeships, with the amount determined after applying other financial aid. Recipients must work in qualifying employment in Missouri for three years after completing their program, and must provide proof of residency and employment. The program is set to sunset on August 28, 2029, unless reauthorized, and creates a dedicated fund in the state treasury to support the grants. The Coordinating Board for Higher Education will administer the program, determine eligible programs and occupations, and oversee the application and award process, with the goal of supporting workforce development in Missouri.

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https://house.mo.gov/Bill.aspx?bill=HB855&year=2025&code=R