SF3471

Purpose of the Bill

The purpose of this bill is to modify the eligibility criteria for the Minnesota state grant program by excluding certain types of higher education institutions. Specifically, it aims to prevent for-profit colleges and universities from qualifying for state grants.

Main Provisions

• The bill seeks to amend Minnesota Statutes 2024, section 136A.121, to introduce new qualifications for institutions participating in the state grant program.
• It establishes that, to be eligible for state grants, a private higher education institution must be operated as a nonprofit organization.

Significant Changes to Existing Law

• This bill introduces a significant change by disallowing for-profit higher education institutions from participating in the state grant program, which previously may have included both nonprofit and for-profit institutions.

Relevant Terms

• State grant program
• For-profit institutions
• Nonprofit institutions
• Higher education eligibility