SB5402 modifies financial aid eligibility and grant percentages for Washington college grant recipients.

SB5402 amends the Washington college grant program by adjusting the percentages of the maximum grant awarded to students based on their family income. It introduces a bridge grant for low-income students to cover expenses beyond tuition and fees. The bill specifies prorated grant amounts for students with family incomes between certain percentages of the state median family income. The bridge grant is an annual stipend awarded to eligible students beginning with the 2025-26 academic year.

SB5402 modifies financial aid eligibility and grant percentages for Washington college grant recipients.

SB5402 amends the Washington college grant program by adjusting the percentages of the maximum grant awarded to students based on their family income. It introduces a bridge grant for low-income students to cover expenses beyond tuition and fees. The bill specifies prorated grant amounts for students with family incomes between certain percentages of the state median family income. The bridge grant is an annual stipend awarded to eligible students beginning with the 2025-26 academic year.