State grant program faces projected deficit; formula levers highlighted as options
House staff told the committee the state grant program has a projected shortfall driven by enrollment increases and FAFSA changes; staff outlined how cost is calculated and which formula elements the legislature can change.
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Nonpartisan legislative staff told the House Higher Education Finance and Policy Committee that Minnesota’s largest financial aid program, the state grant, faces a significant projected deficit and that the legislature can adjust formula levers to control program cost.
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