The bill amends the Washington college grant and college bound scholarship programs by establishing a maximum award eligibility based on 60 percent of the state median family income. It modifies grant award amounts and terms, including specific adjustments for different types of institutions. For instance, the maximum Washington college grant for students attending two or four-year institutions will cover tuition and estimated fees for 15 quarter credit hours, while the amounts for private institutions are set to increase annually based on a tuition growth factor. Additionally, the bill introduces new eligibility criteria for students, including a proration of grant amounts based on family income levels, with specific percentages outlined for various income brackets.

Furthermore, the bill includes provisions for the Washington college bound scholarship program, ensuring that eligible students are automatically enrolled and notified of their enrollment and scholarship requirements. It specifies that the scholarship must be used within six years of receipt, with any unused funds reverting to the scholarship account. The legislation also emphasizes the importance of maintaining institutional eligibility and outlines the responsibilities of the office of student financial assistance in managing these programs. The act is set to take effect on July 1, 2025, and is deemed necessary for the immediate preservation of public peace, health, or safety.

Statutes affected:
Original Bill: 28B.15.067
Substitute Bill: 28B.92.030, 28B.92.205, 28B.118.010