This bill amends Minnesota Statutes 2024, section 136A.121, to establish new eligibility criteria for institutions participating in the state grant program for higher education. Specifically, it introduces a new subdivision that defines "eligible institution" to include only those private institutions that are operated on a not-for-profit basis. As a result, for-profit institutions will be rendered ineligible for the state grant program.

The changes will take effect starting in the fall 2026 academic term, ensuring that only not-for-profit private institutions can qualify for state grants. This legislative move aims to promote a higher standard of education and accountability within the state's higher education system by excluding for-profit entities from receiving state funding.

Statutes affected:
Introduction: 136A.121