Modifies parental contributions and cost of attendance provisions in Minnesota higher education.

This bill amends Minnesota Statutes to modify the calculation of parental contributions and cost of attendance for higher education students. It changes the assigned family responsibility for dependent students to 50 percent of the parental contribution, with a minimum contribution of negative $1,500. For independent students with dependents, the assigned family responsibility is 71 percent of the student contribution, and for those without dependents, it is 35 percent.

Modifies parental contributions and cost of attendance provisions in Minnesota higher education.

This bill amends Minnesota Statutes to modify the calculation of parental contributions and cost of attendance for higher education students. It changes the assigned family responsibility for dependent students to 50 percent of the parental contribution, with a minimum contribution of negative $1,500. For independent students with dependents, the assigned family responsibility is 71 percent of the student contribution, and for those without dependents, it is 35 percent.