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Bill

S 4884

Establishes an emergency aid grant matching program

2025 Regular Session Introduced by Andrew Gounardes

Bill S 4884 creates a matching program for emergency aid grants, doubling funds for students in financial need, boosting retention and completion rates in higher education.

REFERRED TO HIGHER EDUCATION
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Bill Summary · S 4884

Summary of Bill S 4884: Emergency Aid Grant Matching Program

Bill Overview

  • Bill Number: S 4884
  • Title: Establishes an emergency aid grant matching program
  • Status: Referred to Higher Education Committee
  • Introduced On: February 13, 2025
  • Classification: Legislative Bill

Purpose and Intent

The primary purpose of Bill S 4884 is to create a matching program for emergency aid grants aimed at supporting students facing financial hardships. This initiative seeks to enhance the availability of emergency funds for students in higher education institutions, thereby promoting retention and completion rates among those who may otherwise be unable to continue their studies due to unforeseen financial challenges.

Key Provisions

  • Emergency Aid Grant Matching Program:

    • The bill proposes the establishment of a program that matches emergency aid grants provided by higher education institutions.
    • For every dollar an institution allocates for emergency aid, the program would provide an equivalent match, effectively doubling the available funds for students in need.

  • Eligibility Criteria:

    • Institutions of higher education would need to apply for participation in the program and demonstrate a commitment to providing emergency aid to students.
    • Specific eligibility criteria for students seeking assistance would be outlined, ensuring that aid is directed to those in genuine need.

  • Funding Mechanism:

    • The bill does not specify the exact funding amounts but indicates that appropriations will be made to support the matching grants.
    • Institutions may be required to report on the use of funds and the impact of the program on student retention and success.

Impact

  • Affected Parties:

    • Students: The bill is designed to directly benefit students who encounter unexpected financial emergencies, such as medical expenses, housing instability, or loss of income.
    • Higher Education Institutions: Colleges and universities that participate in the program will have increased resources to support their students, potentially improving overall student outcomes and institutional performance metrics.

  • Long-term Benefits:

    • By providing additional financial support, the program aims to reduce dropout rates and enhance the overall educational experience for students facing financial difficulties.

Procedural Aspects

  • Legislative Process:
    • As of February 13, 2025, the bill has been referred to the Higher Education Committee for further consideration.
    • The timeline for further actions, including potential hearings or votes, will depend on the committee's schedule and priorities.

Related Legislation

  • Companion Bill: A 6641 is noted as a companion bill, which may provide additional context or support for similar initiatives in the legislative process.

This summary provides a clear overview of Bill S 4884, outlining its intent, key provisions, and potential impacts on students and higher education institutions. Further developments will depend on the legislative process as the bill moves through the committee stage.

Compiled from official sources — confirm details with the bill’s official record.

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