The bill H.297 proposes the establishment of the Free Degree Promise Grant Program, aimed at providing funding for eligible individuals to obtain a free associate's degree through the Community College of Vermont (CCV). The program is designed to address the low college continuation rates among Vermont's high school graduates, particularly among marginalized groups, and to enhance the state's workforce by increasing access to higher education. The bill outlines specific eligibility criteria for participants, including full-time enrollment at CCV, completion of the state's Early College program, and financial aid application requirements.
The program will cover remaining tuition and fees after other financial aid has been applied, as well as provide stipends for books and supplies based on household income. Eligible individuals can receive support for up to five semesters or until they complete their degree. The bill also mandates that CCV report annually to the General Assembly on the program's implementation, including enrollment data and financial expenditures. The act is set to take effect on July 1, 2025.