This bill proposes eliminating the North Star Promise scholarship program and reallocating any remaining funds in the program’s special revenue account to the State Grant Program. The bill also amends reporting requirements for student aid programs administered by the Minnesota Office of Higher Education to reflect this change. Specifically, it:

1. Eliminates the North Star Promise scholarship program by repealing Minnesota Statutes section 136A.1465.
2. Redirects the program’s unencumbered funds to the State Grant Program, which provides financial aid to Minnesota students.
3. Amends reporting requirements under Minnesota Statutes section 136A.053, ensuring continued accountability for student financial aid programs.
4. Maintains annual reporting by the Office of Higher Education to legislative committees, including data on student aid distribution, demographics, completion rates, and loan debts.

The bill is currently referred to the House Committee on Higher Education Finance and Policy for further consideration.