Minnesota HF4266 modifies the lowest recognized family responsibility amount for state grant awards.

Minnesota HF4266 amends the lowest recognized family responsibility amount for purposes of determining state grant awards. The bill modifies the calculation of assigned family responsibility, recognizing a negative parental or student contribution that is less than negative $1,500 to a value equal to the lowest student contribution provided under the federal needs analysis. This adjustment aims to meet the projected demand for grants with the goal of fully allocating the appropriation for state grants. The changes do not carry forward into a subsequent biennium.

Minnesota HF4266 modifies the lowest recognized family responsibility amount for state grant awards.

Minnesota HF4266 amends the lowest recognized family responsibility amount for purposes of determining state grant awards. The bill modifies the calculation of assigned family responsibility, recognizing a negative parental or student contribution that is less than negative $1,500 to a value equal to the lowest student contribution provided under the federal needs analysis. This adjustment aims to meet the projected demand for grants with the goal of fully allocating the appropriation for state grants. The changes do not carry forward into a subsequent biennium.