Concerning the Washington college grant and college bound scholarship program for students attending private four-year not-for-profit institutions of higher education in Washington.

HB 2567 updates Washington's college grant program to adjust funding for students attending private four-year non-profit institutions. Starting in the 2026-27 academic year, the maximum grant amount for these students will be set at 50% of the average award given to students at public four-year institutions, replacing the previous fixed amount of $9,739 (adjusted annually for tuition growth). This change directly affects students enrolled at eligible private non-profit universities in Washington state who qualify for financial aid. The bill amends existing grant formulas to align private institution funding more closely with public institution awards, effective after the 2025-26 academic year.