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MN HF2571

MN HF2571
Income requirements and award formula for the North Star Promise scholarship program modified.


summary

Introduced
03/20/2025
In Committee
03/20/2025
Crossed Over
Passed
Dead

Introduced Session

94th Legislature 2025-2026

Bill Summary

A bill for an act relating to higher education; modifying the income requirements and award formula for the North Star Promise scholarship program; amending Minnesota Statutes 2024, section 136A.1465, subdivisions 2, 3, 7.

AI Summary

This bill modifies the North Star Promise scholarship program by expanding income eligibility and adjusting the scholarship award formula. Previously limited to families with incomes below $80,000, the program now includes families with adjusted gross incomes up to $150,000, with a tiered scholarship percentage based on income levels. Specifically, students from families earning less than $100,000 will receive 100% scholarship coverage, those earning between $100,000-$125,000 will receive 75% coverage, those earning between $125,000-$150,000 will receive 50% coverage, and those earning over $150,000 will receive no scholarship. The bill also maintains existing eligibility requirements such as completing the Free Application for Federal Student Aid (FAFSA), being enrolled in at least one credit per semester, and meeting academic progress standards. For the 2024-2027 academic years, if funds remain after primary scholarships are awarded, supplemental grants of up to 50% of a student's potential Pell grant may be available. Additionally, public postsecondary institutions and Tribal colleges must continue to provide student-level data on these awards to the Office of Higher Education.

Committee Categories

Education

Sponsors (1)

Last Action

Introduction and first reading, referred to Higher Education Finance and Policy (on 03/20/2025)

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