For more information contact: Matt Swenson 651-297-8406
ST. PAUL – Over the course of the last five years Minnesotans have seen dramatic state budget cuts that have resulted in a 70% tuition increase in higher education institutions statewide. As a result, Minnesota students are graduating from college with an average $18,500 of debt. In addition, the state has not been providing our colleges, universities, and technical schools the resources they need to be innovative and nation leading.
"As a member of the House Higher Education and Workforce Development Division, I have been working hard this session to help restore Minnesota's commitment to investing in our future by adequately funding our state's higher education system," said Rep. Tim Mahoney (DFL – St. Paul).
Mahoney went on to say that the House Higher Education and Workforce Development Omnibus Budget Bill released Tuesday would make significant strides in moving our state forward on higher education.
The bill includes:
· $38 million over the next 2 biennium, plus ongoing funding for the U of M – Mayo Clinic biotechnology and medical genomics partnership.
· $24 million in scholarship programs and reduced tuition for low and middle-income U of M students.
· $60 million in financial aid, including $12 million in new money.
· Pilot projects to explore the potential for textbook rental and other cost-saving options.
· Post-secondary assistance to Minnesota veterans.
· Expands opportunities for rural high school students by funding the Governor's Achieve II initiative.
· Invests in health workforce training programs to address the shortage of workers.
"As Chair of the Biosciences and Emerging Technology Committee, I am especially encouraged that this proposal includes an initiative to provide ongoing funding for the U of M – Mayo Clinic biotechnology and medical genomics partnership," said Mahoney. "To ensure that the Partnership is afforded the opportunity to expand the scope of its impact in the fields of medicine and bioscience, and effectively provide positive results for our state, the time to re-invest in this important program is now."
In developing this final bill, the Higher Education and Workforce Development Committee considered more than 100 bills. This bi-partisan initiative combines the best higher education and workforce development ideas into a single package that will alleviate the tuition burden for students, invest in new and innovative programs, and ultimately move Minnesota forward.