1.1 	A bill for an act
1.2 	relating to higher education; modifying grant stipends;amending Minnesota 
1.3 	Statutes 2014, section 136A.121, subdivision 5.
1.4 	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.5 	Section 1. Minnesota Statutes 2014, section 136A.121, subdivision 5, is amended to 
1.6 	read:
1.7 		Subd. 5.Grant stipends. The grant stipend shall be based on a sharing of 
1.8 	responsibility for covering the recognized cost of attendance by the applicant, the 
1.9 	applicant's family, and the government. The amount of a financial stipend must not 
1.10 	exceed a grant applicant's recognized cost of attendance, as defined in subdivision 6, after 
1.11 	deducting the following:
1.12 	(1) the assigned student responsibility of at least 50 percent of the cost of attending 
1.13 	the institution of the applicant's choosing;
1.14 	(2) the assigned family responsibility as defined in section 136A.101; and
1.15 	(3) the amount of a federal Pell grant award for which the grant applicant is 
1.16 	financially eligible, unless the student is ineligible to receive a Pell grant under United 
1.17 	States Code, title 20, section 1091(a)(5) or (d).
1.18 	The minimum financial stipend is $100 per academic year.