This bill appropriates funds for student loan debt counseling in Minnesota, allocating $250,000 for each of the fiscal years 2026 and 2027. The funds are designated for the commissioner of the Office of Higher Education to support counseling services aimed at assisting students with their loan debt.

Additionally, the bill allows the commissioner to use up to three percent of the total appropriation for the administration of the student loan debt counseling program, despite existing regulations that may limit such administrative costs. This provision aims to ensure that a significant portion of the funds directly supports counseling services for students.