Modifies the lowest recognized family responsibility amount for state grant awards in Minnesota.

This bill amends the Minnesota Statutes to modify the lowest recognized family responsibility amount for determining state grant awards. It sets a negative $1,500 limit for parental and student contributions, affecting how assigned family responsibility is calculated. For dependent students, the assigned family responsibility is 95 percent of the parental contribution, with adjustments if the contribution is below negative $1,500. For independent students with dependents, it is 71 percent of the student contribution, and for those without dependents, it is 35 percent.

Modifies the lowest recognized family responsibility amount for state grant awards in Minnesota.

This bill amends the Minnesota Statutes to modify the lowest recognized family responsibility amount for determining state grant awards. It sets a negative $1,500 limit for parental and student contributions, affecting how assigned family responsibility is calculated. For dependent students, the assigned family responsibility is 95 percent of the parental contribution, with adjustments if the contribution is below negative $1,500. For independent students with dependents, it is 71 percent of the student contribution, and for those without dependents, it is 35 percent.