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House panel places omnibus higher education budget bill on general register after bipartisan compromise to shore up state grant program
Summary
The Minnesota House Ways and Means Committee on April 23 voted to place House File 2,431, the omnibus higher education budget bill, on the general register after adopting amendments that the chairs described as a bipartisan compromise to address a $239 million shortfall in the state grant program.
The Minnesota House Ways and Means Committee on April 23 voted to place House File 2,431, the omnibus higher education budget bill, on the general register after adopting a DE4 amendment and a technical A2 amendment.
The amendment package reflects a bipartisan compromise from the House Higher Education Finance and Policy Committee and aims to close a roughly $239 million shortfall in the state grant program by changing eligibility and funding levers, co-chairs said.
Key provisions in the DE4 as amended include a cap that limits state grant coverage to match tuition increases at Minnesota State and the University of Minnesota to 1 percent; treating the negative Student Aid Index (resulting from recent FAFSA changes) as zero for assigned family responsibility calculations; reducing the credit limit for state grant coverage from 180 credits to 120…
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