Concerning the workforce education investment account.

SB 5658 modifies Washington state's college grant program to expand financial aid eligibility, raising the income threshold for maximum grants from 55% to 70% of the state median family income. It also creates a new $500 annual "bridge grant" for low-income students receiving the maximum college grant (excluding those in the college-bound scholarship program), to cover non-tuition expenses like books and housing. The bill establishes a "workforce education investment account" funded by a surcharge, directing all revenues to advanced computing programs at institutions like the University of Washington, with automatic enrollment increases when demand exceeds 100 students. This account must supplement, not replace, other funding, and the bill creates an oversight board to manage allocations. The changes primarily affect low-income undergraduate students pursuing higher education in STEM fields, especially those from underserved communities.