Minnesota HF4267 modifies the lowest recognized family responsibility for state grant awards and directs surplus funds to public institutions.

Minnesota HF4267 modifies the lowest recognized family responsibility for determining state grant awards, adjusting the amount of a family's contribution to a student's cost of attendance. It also directs surplus program funds to award recipients at public institutions only. The bill specifies that if the parental contribution is less than negative $1,500, the recognized parental contribution is negative $1,500. For independent students with dependents other than a spouse, the assigned family responsibility is 71 percent of the student contribution.

Minnesota HF4267 modifies the lowest recognized family responsibility for state grant awards and directs surplus funds to public institutions.

Minnesota HF4267 modifies the lowest recognized family responsibility for determining state grant awards, adjusting the amount of a family's contribution to a student's cost of attendance. It also directs surplus program funds to award recipients at public institutions only. The bill specifies that if the parental contribution is less than negative $1,500, the recognized parental contribution is negative $1,500. For independent students with dependents other than a spouse, the assigned family responsibility is 71 percent of the student contribution.