HIGHER ED-EXONERATED GRANTS

Amends the Higher Education Student Assistance Act. Defines "dependent". Provides that beginning no later than the 2024-2025 academic year, if an exonerated person has been found by the Commission to qualify for a grant under this Section, and that person has not yet exhausted his or her eligibility for assistance, the exonerated person may designate one or more dependents to use any unexpended portion of the exonerated person's eligibility, up to the total benefit for which the exonerated person is eligible. Provides that the combined benefits used by the exonerated person and any designated dependents may not exceed the total benefit for which the exonerated person is eligible. Provides that if funding is insufficient to serve all applicants, the Commission may prioritize applicants who have been exonerated over applicants who are dependents of exonerated individuals.