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Minn. Stat. § 136A.053

CONSOLIDATED STUDENT AID REPORTING.

Known as the College Financing Literacy Act

The act spans §§ 136A.002 to 136A.0905 (19 sections).

2024 c 124 art 2 s 11; 2024 c 127 art 35 s 11

(a) The commissioner of the Office of Higher Education shall report annually beginning February 15, 2026, to the chairs and ranking minority members of the legislative committees with jurisdiction over higher education, on the details of programs administered under sections 136A.091 to 136A.1276 , 136A.1465 , and 136A.231 to 136A.246 , including the:

(1) total funds appropriated and expended;

(2) total number of students applying for funds;

(3) total number of students receiving funds;

(4) average and total award amounts;

(5) summary demographic data on award recipients;

(6) retention rates of award recipients;

(7) completion rates of award recipients;

(8) average cumulative debt at exit or graduation; and

(9) average time to completion.

(b) Data must be disaggregated by program, institution, aid year, race and ethnicity, gender, income, family type, dependency status, and any other factors determined to be relevant by the commissioner. The commissioner must report any additional data and outcomes relevant to the evaluation of programs administered under sections 136A.091 to 136A.1276 , 136A.1465 , and 136A.231 to 136A.246 as evidenced by activities funded under each program.

Official source: Minnesota Office of the Revisor of Statutes. Reproduced from public-domain Minnesota statutes; confirm against the official source for the current text. Not legal advice.