Higher education; parental contribution provisions modified, attendance provision cost modified, and tuition and fee maximums eliminated.

This bill modifies how Minnesota calculates financial aid eligibility by changing the percentage of parental and student contributions counted as family responsibility. It eliminates the previous tuition and fee maximums that capped how much aid could cover college costs, replacing them with allowances based on actual institutional charges or state averages. The legislation also adjusts the cost of attendance calculation for students attending part-time and clarifies which specific fees are included in financial aid determinations. These changes directly affect students, families, and colleges by altering the formulas used to determine state grant amounts and overall financial aid packages.