Relates to increasing the phase-out threshold for tuition assistance program awards

This bill increases the income threshold at which tuition assistance aid begins to phase out, raising it from $7,000 to $18,000 annually. Students in the tuition assistance program who earn under $18,000 will now receive full aid without reduction, whereas previously they would have faced reductions at $7,000. The key change modifies the income brackets: aid is reduced by 7% for incomes between $7,000-$11,000, 10% for $11,000-$18,000, and 12% for $18,000-$112,500. This directly affects low-to-moderate-income students eligible for state tuition assistance. The policy change aims to expand access to full tuition aid for more students by raising the income cutoff.