Six reasons to support new State Grant investments
College students would receive a much needed increase in need-based financial aid under Gov. Mark Dayton’s proposed budget (see story). Here are six reasons why his proposal makes sense for Minnesota:
Help for middle-class families
A significant share of new funding would help families earning more than $50,000.
All students with State Grant awards would receive larger grants — that’s one in four Minnesota college students.
More eligible students
About 5,000 college students would now be able to receive State Grant awards for the first time.
Fairness for all students
The State Grant program will be fairer when we:
- Better recognize students’ actual living costs by raising the grant formula to the poverty level.
- Tie maximum grants to actual tuition at public two- and four-year institutions.
Financial aid supports educational attainment in our future workforce.
Balance in new funding
New higher education funding split in thirds
To read more on these points, see our February 2013 handout, "Supporting New Investment in College Students."
And if you want to get involved in speaking up for investing in college students and need-based aid, sign up with Advocates for Minnesota Student Aid.