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SB 5115 creates the Washington Dream Act Service Incentive Program, providing financial aid grants to eligible students who complete community service. It directly affects Washington state residents who cannot access federal financial aid due to immigration status, require demonstrated financial need, and enroll in or plan to attend an institution of higher education. Students earn grants by completing up to 19 hours weekly of non-political, non-religious community service with approved organizations (like nonprofits, government agencies, or approved businesses), with grant amounts calculated based on service hours and the adjusted minimum wage. The program requires institutions to verify service hours and administer grants at the start of each term, while prioritizing students not eligible for state work-study programs. The program requires specific legislative funding by June 30, 2025, to take effect.