For the more than 85,000 low- and middle-income college students expected to receive State Grant awards next academic year, their awards will be larger than they would have been without the new improvements made this session. That matters for those students — a lot. Consider what Concordia University graduate Ren Souvannasoth says:
“Paying for college definitely wouldn’t have been possible if I didn’t have financial aid. The State Grant is key. Without it, I would have been in a much more difficult position, in terms of managing my tuition.”
And we know from research that need-based financial aid — like that provided through the Minnesota State Grant program — makes a meaningful difference. It helps students complete college on time, reduces student borrowing, allows for improved learning outcomes and helps close disparities in educational opportunity and outcomes.
With State Grant awards, the help is going to college students statewide, at both two- and four-year institutions, at ones that are public and private. In fact, the majority of the students who receive the awards attend the state’s public institutions.