HB373 Summary

• Establishes a first-generation matching grant program administered by the University of Hawaii for undergraduate students with financial need whose parents have not earned a baccalaureate or higher degree.

• Private donor contributions to the program receive dollar-for-dollar state matching funds from program appropriations, and contributions are ineligible for other state matching grant programs.

• Eligible applicants must be Hawaii residents for tuition purposes, enrolled for at least six credit hours per term as degree-seeking undergraduates, and must submit a free application for federal student aid.

• Award amounts are based on remaining financial need after other grants and scholarships, with priority given to students receiving federal Pell Grant funds, and cannot exceed the university's estimated annual cost of attendance.

• All funds for the program are deposited into the University of Hawaii scholarship and assistance special fund and kept in a separate account from other scholarship programs, with annual reporting required.