An Act Concerning The Establishment Of Emergency Expense Grant Programs At Public Institutions Of Higher Education.
Impact
If enacted, HB 05373 would effectively amend existing educational funding structures by introducing a system for emergency grants. Public institutions of higher education would have the authority to design and implement their own programs, which could significantly enhance student retention rates and degree completion by alleviating immediate financial burdens. The bill also outlines provisions for state matching grants that further encourage institutions to fund such programs through donations and other means, thus promoting a collaborative approach to student financial welfare.
Summary
House Bill 05373 seeks to establish emergency expense grant programs at public institutions of higher education within the state. The primary objective of this bill is to provide financial support to students facing unexpected financial hardships that may hinder their ability to complete their studies. Eligible expenses covered under the program include childcare, medical care, and transportation costs, allowing institutions the flexibility to cater to the diverse needs of their student populations. The bill aims to create a support mechanism that addresses temporary financial crises experienced by students.
Sentiment
The sentiment toward HB 05373 appears supportive among educational advocacy groups and institution administrators, who generally regard the establishment of emergency grants as a necessary step towards improving student outcomes in higher education. However, there may be some concerns among legislators regarding the sustained funding for these programs, especially given that the funding is dependent on appropriations and matching grants from the state. The positive sentiment is rooted in the potential benefits of the bill, although the financial implications and long-term viability of such programs remain points of discussion.
Contention
Notable points of contention surrounding HB 05373 focus on the potential sustainability of funding for emergency grants and the administrative burden it may place on public institutions. Critics may argue about the feasibility of implementing these programs effectively without sufficient state support or the risk of granting processes becoming bureaucratic hurdles for distressed students. Ensuring that the grants are administered efficiently and that funding sources remain robust will be key factors in evaluating the bill's success and reception.
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Revises calculation of student financial need and provides circumstances for reduction of financial aid at institutions of higher education and proprietary institutions.
Revises calculation of student financial need and provides circumstances for reduction of financial aid at institutions of higher education and proprietary institutions.
Revises calculation of student financial need and provides circumstances for reduction of financial aid at institutions of higher education and proprietary institutions.