Bill > SB3009

This bill provides appropriations for student financial aid programs in Mississippi for the fiscal year 2025-2026, allocating $51,650,325.00 from the State General Fund and $4,301,647.00 from federal funds, grants, and other sources to the Board of Trustees of State Institutions of Higher Learning and the Mississippi Office of Student Financial Aid. The bill establishes several key provisions, including restrictions on new applicants for specific grant and loan programs, prioritizing financial aid for certain eligible students, and mandating a comprehensive annual report detailing the usage of funds across various scholarship, grant, and loan programs. The legislation includes specific allocations for programs like the Speech-Language Pathologists Loan Forgiveness Program and the FAITH Scholarship Program, and sets income-based guidelines for the Higher Education Legislative Plan Grant Program. The bill also stipulates that students cannot receive undergraduate grant aid from multiple state-supported programs in the same term and must demonstrate ongoing eligibility. Additionally, the bill ensures compliance with financial regulations, gives preference to Mississippi Industries for the Blind in certain purchasing situations, and includes provisions for reappropriating funds from the Education Enhancement Fund for specific educational loan and scholarship programs.

Budget and Finance

https://billstatus.ls.state.ms.us/2025/pdf/history/SB/SB3009.xml