For-profit educational institutions ineligibility for the state grant program establishment

This bill would prevent for-profit colleges in Minnesota from receiving state financial aid by amending eligibility rules for the state grant program. It directly affects for-profit educational institutions that currently qualify for these grants. The key change requires institutions to operate as not-for-profit entities to be considered "eligible" under the statute, altering the definition in Minnesota law. The policy change takes effect for the fall 2026 academic term.