This bill amends the Oklahoma Tuition Equalization Grant Act to increase the grant amounts available for eligible students classified as juniors and seniors. Specifically, the grant amount for freshmen and sophomores will remain at $2,000 per academic year or $1,000 per semester, while juniors and seniors will receive $4,000 per academic year or $2,000 per semester. The changes are intended to provide greater financial support to upperclassmen, reflecting the increased costs they may face as they progress in their education.

The bill also establishes an effective date of July 1, 2025, and declares an emergency for its immediate implementation upon passage and approval. This urgency underscores the importance of the changes to support students in higher education in Oklahoma. The State Regents for Higher Education will continue to oversee the administration of the grants, ensuring that funds are allocated based on need and that previously awarded students receive priority for continued support.