MTAG Program; revise eligibility requirements and cap on award amounts.
Impact
The bill modifies the cap on award amounts based on the percentage thresholds of the median income for a family of four in Mississippi. Students whose families make above certain income levels will receive lower grant amounts, while those from low-income families will receive higher awards. This structure aims to ensure that financial assistance targets those most in need, promoting equitable access to higher education among Mississippi residents.
Summary
House Bill 994 aims to revise the eligibility requirements and award cap for the Mississippi Resident Tuition Assistance Grant Program (MTAG). Under the bill, students must complete the Free Application for Federal Student Aid (FAFSA) and the Mississippi Aid Application (MAAPP) annually to be considered for financial aid. The amendment reflects a shift towards determining eligibility and grant awards based on an adjusted gross income (AGI), which will establish clearer financial thresholds.
Contention
A focal point of the bill is its income-based structure, which may be contentious as it creates specific thresholds for eligibility. Critics might argue that income limits could exclude middle-class families who struggle to afford higher education but do not qualify for full federal aid. Additionally, the requirements for maintaining eligibility will be closely regulated, with students required to prove continuous enrollment and ongoing academic progress to retain their grants, adding a layer of complexity to the process.
MTAG; revise and rename as the MS Resident Tuition Assistance and Workforce Acceleration Grant Program to expand access to certain student populations.
Revises the initial and continuing eligibility requirements for a TOPS-Tech award and provides for the award amount at public colleges and universities (EG +$3,200,000 GF EX See Note)