financial aid; private scholarships; requirements

HB 2297, the "Arizona Ban on Scholarship Displacement Act of 2026," prevents Arizona public colleges and universities from reducing a student's free financial aid (like grants or scholarships not requiring repayment) if the student receives a private scholarship. Specifically, institutions cannot lower gift aid because of a private scholarship, except when the gift aid exceeds the student's actual cost of attendance (tuition, fees, books, living expenses, etc.). The bill also prohibits schools from factoring private scholarships into financial aid decisions. It directly affects Arizona public universities and community colleges (under the Arizona Board of Regents or community college system) and students receiving private scholarships from non-governmental sources.