Two-year tuition freeze is cornerstone of Democrats’ new budget
SAINT PAUL, MINNESOTA – The House Higher Education Finance and Policy Committee today announced a new budget that puts students first by making college more affordable, reducing debt, and improving health and safety on campus. According to the U.S. Department of Education, there are 775,000 Minnesotans with student debt totaling $27.1 billion.
A fact sheet with more information about the budget is available for download here (this version includes corrected information about average benefit increases for full-time students enrolled in the state grant program).
Minnesotans from all backgrounds deserve a fair shot at earning a quality post-secondary education,” said Chair Bernardy. “The House DFL Higher Education budget eases the financial burden on working families and students, expands eligibility for grants, and will fill gaps in Minnesota’s workforce shortage.”
The budget freezes tuition for Minnesota students at all of the state’s two- and four-year public colleges and universities, and increases financial support for working families by investing an additional $35.4 million in the state grant program. As a result, full-time students who benefit from the state grant program will receive on average more than $400 per year more in financial assistance, and 1,900 more Minnesotans will become eligible for the first time. Continue reading “House DFL Majority Announces New Budget for Higher Education”