Georgia Student Finance Authority; establish a needs based scholarship program for students at eligible public and private postsecondary institutions
Summary
A BILL to be entitled an Act to amend Part 3 of Article 7 of Chapter 3 of Title 20 of the Official Code of Georgia Annotated, relating to the Georgia Student Finance Authority, so as to establish a needs based scholarship program for students at eligible public and private postsecondary institutions; to provide for eligibility; to establish a fund for the scholarship; to provide definitions; to provide for an effective date and applicability; to provide for related matters; to repeal conflicting laws; and for other purposes.
Bill status
passed
4 of 5 stages cleared
Introduction
Feb 2026
Committee Review
Mar 2026
House Passage
Mar 2026
Senate Passage
Mar 2026
Governor
Introduced Feb 20, 2026
Last action Mar 31, 2026
Maddy AI version diff · 2 comparisons
What changed between versions
LC 61 0457S/hs
→
LC 61 0470S/rcs
·
4 edits
MODERATE
The bill was transferred from the Higher Education Committee to the Rules Committee, which often indicates a procedural shift or a need for broader legislative review. The most significant substantive change is the addition of a 'Student aid index' definition and a reference to Title IV of the federal Higher Education Act, clarifying how federal financial aid calculations apply to this new scholarship. Additionally, the endowment fund structure was expanded to include a specific 'scholarship account' alongside the existing principal account, creating a more formalized financial framework for distributing funds.
Scope change
The bill's scope was technically expanded by incorporating explicit references to federal Title IV standards and creating a distinct scholarship account within the endowment fund, though the core purpose of the DREAMS scholarship remains the same.
DEFINITION
Added a new definition for 'Student aid index' to clarify how federal financial aid calculations are applied to scholarship eligibility.
Added a definition for 'Title IV' to explicitly reference the federal Higher Education Act of 1965 as the governing standard.
FISCAL
Created a new 'scholarship account' within the DREAMS Scholarship Endowment Fund to separate funds used for awards from the permanent principal corpus.
PROCEDURAL
Changed the originating committee from the House Committee on Higher Education to the House Committee on Rules.
Floor votes · Senate Mar 31, 2026 · House Mar 6, 2026
How they voted
35–8
Passed · 4 other
Total votes 47
Mar 31, 2026
D
Democratic18
61% Yea
R
Republican29
82% Yea
Vote distribution
All Yea
All Nay
Mixed
No data
Full legislative history
Actions timeline
Total actions
11
Key actions
4
Committee
3
Mar 31, 2026
Senate · Passed
Senate Vote: pass (35-8-4)
senate
Mar 25, 2026
Upper · Passed
Senate Committee Favorably Reported By Substitute
upper
Mar 9, 2026
Committee
Senate Read and Referred
upper
Mar 6, 2026
Lower · Passed
House Passed/Adopted By Substitute
lower
Mar 6, 2026
Lower · Passed
House Committee Favorably Reported By Substitute
lower
Feb 20, 2026
Introduced
House Hopper
lower
6 primary · 0 co-sponsors
Sponsors
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