Bill > HB2567

This bill modifies the Washington College Grant and College Bound Scholarship programs to adjust how financial aid is calculated for students attending private four-year not-for-profit institutions of higher education in Washington. Specifically, starting in the 2026-27 academic year, the maximum Washington College Grant for these students will be set at 50 percent of the average awards granted to students at public four-year institutions in Washington, replacing the previous calculation that was tied to a specific dollar amount and a tuition growth factor. Similarly, for the College Bound Scholarship program, beginning in the 2027-28 academic year, the award amount for students attending private four-year not-for-profit institutions will also be based on the average of awards granted to students in public research universities in Washington, rather than a fixed percentage of a previous award amount. The "tuition growth factor" is defined as an increase no more than the average annual percentage growth rate of the median hourly wage for Washington over the previous 14 years. These changes aim to align the financial aid provided to students at private institutions more closely with that provided at public institutions.

Education

https://app.leg.wa.gov/billsummary?BillNumber=2567&Year=2025&Initiative=false