S.F. No. 2936 - Bill Summary

• Total appropriations reduced by $53,283,000 across fiscal years 2010-2011, with $619,000 cut in FY2010 and $52,664,000 cut in FY2011, affecting the Office of Higher Education, Minnesota State Colleges and Universities, and University of Minnesota.

• Reduces funding for state grants by $2,296,000 total, eliminates child care grants ($500,000), and cuts state work-study funding ($2,500,000) and Indian scholarships ($120,000) across the two-year period.

• Eliminates the high school-to-college developmental transition program and repeals related statutory provisions for grants to students in those programs.

• Modifies student loan limits under the SELF IV and SELF V programs, clarifies repayment periods based on aggregate loan balances (10-20 years), and reduces maximum undergraduate borrowing to $37,500 for SELF IV loans.

• Increases registration and licensing fees for private higher education institutions, including initial licensure fees (up to $2,500), renewal fees ($1,150-$2,000), and program addition fees ($250-$2,000).