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 high school graduates, particularly among students from low-income backgrounds, Black students, students with disabilities, and male students. The bill outlines specific eligibility criteria for participants, including full-time enrollment at CCV, successful completion of the state's Early College program, and the requirement to have not previously earned an associate's degree.

The Free Degree Promise grants 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 of full-time study 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.