Bill > SF1611

This bill appropriates $250,000 in each of fiscal years 2026 and 2027 from the state's general fund to the Minnesota Office of Higher Education specifically for student loan debt counseling services. The bill allows the commissioner of the Office of Higher Education to use up to 3% of the appropriated funds for administrative costs of the counseling program, which is an exception to standard state spending guidelines. The funding is designated to support counseling services under Minnesota Statutes, section 136A.1788, which likely provides guidance on how these counseling services will be implemented to help students manage and understand their student loan debt. By allocating dedicated funds for this purpose, the bill aims to provide targeted financial guidance to students struggling with educational loan obligations.

Education

https://www.revisor.mn.gov/bills/bill.php?b=Senate&f=SF1611&ssn=0&y=2025