Relating to the establishment of the Texas Promise Grant Program for certain students at two-year public institutions of higher education.

HB 5299 establishes the Texas Promise Grant Program to provide financial assistance for tuition and mandatory fees at Texas two-year public colleges. It directly affects Texas residents who recently graduated high school (within three years), are enrolled in an associate degree or certificate program at half-time or more, and have applied for other financial aid. The program requires students to maintain enrollment, complete their program within 90 credit hours, and not already hold an associate degree or certificate. The Texas Higher Education Coordinating Board will administer the program and set eligibility rules. This bill aims to reduce financial barriers and encourage completion of credentials at public two-year institutions.