Bill > SB5785

This bill amends the Washington College Grant and College Bound Scholarship programs to modify financial aid eligibility and award amounts. The legislation aims to improve access to postsecondary education for low-income students by codifying the maximum grant eligibility at 60 percent of the state median family income. Key changes include adjusting the grant award calculations for students from different income brackets, with a phased approach to implementing new award structures for various types of institutions (such as public, private, and vocational schools). The bill also updates the College Bound Scholarship program, including requirements for student eligibility, such as maintaining at least a "C" average for direct admission to four-year institutions beginning in the 2023-24 academic year. For private four-year institutions, the bill establishes a transition plan that will gradually reduce the maximum award amount, with a significant change beginning in the 2026-27 academic year. The legislation reflects the legislature's ongoing commitment to assessing and improving financial aid programs to support students pursuing higher education across different institutional sectors in Washington.

Budget and Finance

https://app.leg.wa.gov/billsummary?BillNumber=5785&Year=2025&Initiative=false