Bill > HF2061

This bill appropriates a total of $500,000 in state funding specifically for student loan debt counseling services, with $250,000 allocated in fiscal year 2026 and another $250,000 in fiscal year 2027. The money will be drawn from the state's general fund and provided to the commissioner of the Office of Higher Education to support counseling services under Minnesota Statutes, section 136A.1788. The bill allows the commissioner to use up to 3% of the appropriation (approximately $15,000 per year) for administrative costs related to the student loan debt counseling program, which is an exception to standard state budget management rules. The purpose appears to be ensuring accessible financial guidance and support for individuals dealing with student loan debt, helping borrowers better understand and manage their educational loan obligations.

Education

https://www.revisor.mn.gov/bills/bill.php?b=House&f=HF2061&ssn=0&y=2025