Purpose of the Bill

The bill is designed to support higher education by providing financial assistance to College Possible. This organization helps low-income students in Minnesota with college admission and graduation through structured coaching and support programs.

Main Provisions

• Funding Allocation: The bill allocates $600,000 for fiscal year 2026 and another $600,000 for fiscal year 2027 from the state's general fund. These funds are to be transferred to College Possible.
• Program Focus: The money is specifically for programs targeting low-income Minnesota residents who are attending colleges or universities within Minnesota.
• Reporting Requirement: College Possible must submit annual reports by February 1 each year they receive funding. The reports should go to the legislative committees overseeing higher education and include:
  • Details on the expansion of their services within Minnesota.
  • Number of coaches hired.
  • New partnerships and expansions with high schools.
  • Data on the number of students served.
  • Total community service hours completed by students.
  • A list of communities and organizations benefiting from these service hours.

Significant Changes to Existing Law

The bill introduces a specific financial support and reporting structure for an educational program aiding low-income students, enhancing transparency and accountability in how state funds are utilized for educational purposes.

Relevant Terms

• Higher education
• College admission
• Low-income students
• College Possible
• Coaching and support
• Minnesota residents
• Financial appropriation
• Legislative reporting