HF1835 Summary

• Reduces higher education appropriations by $46,745,000 total ($1,410,000 in fiscal year 2010 and $48,155,000 in fiscal year 2011) across the Minnesota Office of Higher Education, Board of Trustees of Minnesota State Colleges and Universities, and Board of Regents of the University of Minnesota.

• Establishes tuition maximums for fiscal year 2011 at $5,364 for students in two-year programs and private for-profit four-year programs, with savings achieved through reducing tuition maximums, eliminating ninth-semester eligibility, and eliminating high school-to-college developmental transition program grants.

• Increases revenue bond authority limits from $950,000,000 to $1,300,000,000 for state colleges and universities, and from $200,000,000 to $275,000,000 for Minnesota State Colleges and Universities, to finance capital projects.

• Creates a central system office for Minnesota State Colleges and Universities to provide coordinated support in financial management, personnel, facilities, information technology, credit transfer, legal affairs, government relations, and auditing, while avoiding duplication of services provided at institutions.

• Modifies student loan provisions by updating SELF loan borrowing limits and aggregate maximums for undergraduate and graduate students, and changes eligibility requirements from nine to eight semesters for state grant recipients.