Substitute Bill No. 380 seeks to enhance support for promise programs in Connecticut by providing annual grants of $3,000 per enrolled student to existing programs starting July 1, 2026. These programs, which offer scholarships and additional support services like mentoring and internships, will be required to report on student outcomes, including graduation and job placement rates. The bill also aims to establish eight new promise programs by January 1, 2031, particularly in alliance districts, with funding and technical assistance provided for their development.

In addition, the legislation introduces the Scholar Success Grant Program, which will offer financial aid to qualifying students attending higher education institutions in Connecticut, beginning in the fall semester of 2026. Grants will vary based on household income and the type of institution, covering a percentage of the net cost of attendance for up to six consecutive academic years or until graduation. Institutions must meet specific requirements to qualify for these grants, including providing financial literacy training and assigning advisors to assist students. The bill allocates a total of $34.8 million from the General Fund for the fiscal year ending June 30, 2027, with $4.8 million for promise programs and $30 million for the Scholar Success Grant Program, and it will take effect on July 1, 2026.