This bill establishes a dependent of a disabled veteran tuition grant program within the college student aid commission to provide financial assistance for tuition and mandatory fees to eligible students attending eligible institutions. The program defines key terms such as "commission," "eligible institution," "eligible student," "full-time," "part-time," and "veteran with a disability." Eligible students must be residents of Iowa, claimed as dependents by a veteran with a permanent service-connected disability, under 27 years of age, and meet specific academic and enrollment criteria. Full-time students can receive grants for up to eight semesters, while part-time students can receive grants for up to twelve semesters on a prorated basis.

The bill outlines the administration of the program, requiring the commission to provide application forms, adopt rules for program management, and award grants on a first-come, first-served basis. It also establishes a dedicated fund for the program in the state treasury, with an appropriation of $500,000 from the general fund for the fiscal year 2025-2026 to support the program. Additionally, the bill stipulates that if a grant recipient discontinues attendance, any refund due must be returned to the commission by the eligible institution.