Ifinance program at toyota1/17/2024 ![]() ![]() $800,000 for the intervention for college attendance program.$1.1 million for a direct admissions program.$1.1 million for Fostering Independence higher education grants.$1.35 million for Minitex and MnLINK, a library network that facilitates resource sharing.$1.5 million for the Statewide Longitudinal Education Data System.$1.6 million for teacher shortage loan repayment.$1.6 million for grants to underrepresented student teachers.$1.6 million for grants to student teachers in shortage areas.$2 million for the Minnesota Independence College and Community.$2 million for inclusive higher education programming.$2.3 million for hunger-free campus grants.$3 million for a Next Generation nursing assistant training program.$3.2 million for paramedic scholarships.$4.2 million to maintain current service levels in agency administration.$6 million for a student parent support initiative.$6.6 million in emergency assistance for postsecondary students.$8.7 million for dual training competency grants.The Office of Higher Education will also receive increases of: And a scholarship program that will provide free tuition for qualifying Indigenous students at the state’s public postsecondary institutions will receive $17 million. The state grant program will receive a $38.8 million increase, including more for students’ living and miscellaneous expenses and simplification and federal conformity for the program. The largest portion of the increased funding is $117.9 million for the “North Star Promise” program, which will provide free tuition to the state’s public colleges and universities for qualifying students from families making $80,000 or less annually. Office of Higher Education: The administrator of the state’s financial aid programs will receive a total appropriation for the 2024-25 biennium of $776.4 million, an increase of $231 million. It takes effect July 1, 2023, unless otherwise noted. The law also establishes an Inclusive Higher Education Technical Assistance Center, creates a direct admissions program, provides aid to postsecondary institutions for unemployment insurance, and establishes a student basic needs working group. Funding for the Office of Higher Education will increase $231 million, while the Mayo Clinic will see an $896,000 increase for its medical education programs. That’s a $292.9 million increase for Minnesota State and $125.2 million for the U of M. Omar Fateh (DFL-Mpls), the law contains $1.87 billion in the 2024-25 biennium for Minnesota State and $1.51 billion for the University of Minnesota. The higher education policy and finance law increases General Fund appropriations by $650 million for the Minnesota State system of colleges and universities, the University of Minnesota, the Office of Higher Education and the Mayo Foundation’s medical education programs. ![]()
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