Minnesota lawmakers closed a $239 million deficit in the Minnesota State Grant program and increased funding by $44.5 million over the next two years. This program aids middle- and low-income students at in-state educational institutions. Changes to the funding formula will impact financial aid, with grant values for the 2025-26 academic year expected between $100 and $17,717. Key formula alterations include a reduction in the years of full-time grant eligibility and decreased awards for living expenses and tuition, potentially leaving some students with reduced aid.
The Minnesota State Grant program helps middle- and low-income students enrolled at in-state technical schools, colleges or universities pay for educational expenses, such as housing and tuition.
Students can receive the grant for four years of full-time attendance, down from the previous six-year cap. Students who are dependents are responsible for paying an increased total cost of college.
The amount each student receives is tied to their family size and income, and during the 2025-26 academic year grant values are expected to range from $100 to $17,717.
Changes to the funding formula mean some students may still find themselves with less aid for college despite the overall funding increase of $44.5 million.
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