The bill establishes the Two to Four Tuition Free Students Program within the State Tuition Aid Grant Program, aimed at providing free tuition to eligible students who are accepted into a public four-year institution of higher education but choose to attend a county college for their first two years. To qualify, students must be full-time undergraduates, eligible for a State tuition aid grant, and must defer their admission to the four-year institution for two years. The program will cover the full cost of tuition for two years at a county college to complete an associate degree, followed by two years at a four-year institution to complete a baccalaureate degree. Additionally, the bill allows independent institutions of higher education to participate, with grants covering the average tuition cost at public institutions for the latter two years.

The bill mandates that any savings realized by the State under the Tuition Aid Grant Program due to this initiative will be reinvested to expand eligibility for the program. It also requires the Higher Education Student Assistance Authority to report annually to the Governor and the Legislature on various metrics, including student participation, graduation rates, and cost savings. The program aims to enhance access to higher education while ensuring that students can transfer credits seamlessly between county colleges and four-year institutions.