MICHIGAN PROMISE GRANT S.B. 570: FLOOR ANALYSIS
Senate Bill 570 (as reported without amendment)
Sponsor: Senator Cameron S. Brown
Committee: Education
CONTENT
The bill would amend the Michigan Promise Grant Act to allow a Michigan resident who graduated from a high school outside the State to qualify for a Michigan Promise Grant.
Under the Act, a student who becomes a high school graduate beginning in the 2006-2007 school year is eligible for a grant of up to $4,000, if he or she meets certain eligibility requirements and completes at least two years of postsecondary education.
Among other requirements, the student must be a high school graduate and a resident of this State.
Currently, "high school graduate" means an individual who has received a high school diploma from a high school in this State, or has passed the GED diploma test or another high school graduate equivalency exam approved by the State Board of Education.
The bill would remove the requirement that the high school be located in this State.
MCL 390.1622 Legislative Analyst: Curtis Walker
FISCAL IMPACT
The bill would increase State costs for the Michigan Promise Grant Program by up to approximately $160,000 annually. The Michigan Department of Treasury estimates that 40 students per year who are Michigan residents graduate from a high school that is located outside of the State. The $160,000 cost amount assumes that all of the estimated 40 students complete two years of postsecondary education with a cumulative grade point average of 2.5 and thus earn a $4,000 Michigan Promise Grant.
Date Completed: 6-25-07 Fiscal Analyst: Ellen Jeffries
Analysis was prepared by nonpartisan Senate staff for use by the Senate in its deliberations and does not constitute an official statement of legislative intent. sb570/0708