This bill amends Minnesota Statutes 2024, section 136A.121, to make for-profit institutions ineligible for the state grant program. It introduces a new subdivision, Subd. 1a, which defines "eligible institution" as any institution that meets the criteria outlined in section 136A.101, subdivision 4, with the additional requirement that private institutions must be operated on a not-for-profit basis to qualify.

The changes will take effect starting in the fall 2026 academic term, ensuring that only not-for-profit private institutions can participate in the state grant program. This legislative move aims to enhance the quality of higher education funding by restricting access to for-profit entities.

Statutes affected:
Introduction: 136A.121