Purpose of the Bill

The purpose of this bill is to provide financial assistance to students attending Minnesota State Colleges and Universities through emergency grants. These grants are aimed at helping students address unexpected financial challenges that may hinder their ability to continue their education.

Main Provisions

• Funding Allocation: The bill allocates $5,000,000 for each of the fiscal years 2026 and 2027. This money is appropriated from Minnesota’s general fund.
• Emergency Grants: The funds are designated for emergency grants given directly to students.
• Eligible Uses: The grants can be used for essential needs that might prevent students from completing their academic term or program. This includes expenses related to emergency housing, food, and transportation.
• Financial Aid Consideration: The educational institutions within the Minnesota State Colleges and Universities system must ensure that receiving these emergency funds has minimal negative impact on a student’s financial aid package.

Significant Changes

This bill establishes a specific funding source and process for providing financial assistance to students facing emergencies, making their education more stable and accessible by addressing immediate financial barriers.

Relevant Terms

higher education, emergency grants, financial aid, Minnesota State Colleges and Universities, fiscal year 2026, fiscal year 2027, Office of Higher Education, student support.