This bill amends the eligibility criteria for the North Star Promise scholarship program by increasing the maximum family adjusted gross income from $80,000 to $100,000. Additionally, it specifies that a scholarship may be awarded to eligible students who meet various conditions, including the completion of the Free Application for Federal Student Aid (FAFSA) and maintaining satisfactory academic progress. The bill also introduces a new effective date for these changes, which will take effect in the fall 2026 academic term.

Furthermore, the bill outlines several financial transfers from the general fund to various accounts, including $2,500,000 each for spinal cord and traumatic brain injury grants, $3,132,000 for the dual training account, and $325,000 for the large animal veterinarian loan forgiveness program, among others. Notably, it adjusts the funding for the North Star Promise scholarships, indicating a change in the amount allocated for this program in the upcoming fiscal years. The bill aims to enhance support for higher education and related programs in Minnesota.