Relating to grants for student aid for higher education; declaring an emergency.

Alters eligibility requirements and formula for establishing amount of award for Oregon Opportunity Grant and renewal of grant. ] Alters eligibility requirements and formula for establishing amount of award for Oregon Promise grant and renewal of grant. Expands Oregon Promise grant availability to qualified students enrolled at any eligible post-secondary institution ] community college, public university, Oregon Health and Science University or Oregon-based, generally accredited, not-for-profit institution of higher education and to include students in bachelor's degree programs . Makes Higher Education Coordinating Commission, rather than Director of Office of Student Access and Completion, responsible for administering Oregon Opportunity Grant program and Oregon Promise program. ] Changes name of Opportunity Grant Fund to College Opportunity Fund. Adds Oregon Opportunity Grant program to approved uses and purposes of fund. ] Establishes cumulative four-year full-time enrollment lifetime eligibility limit on total amount of Oregon Opportunity Grant and Oregon Promise grant awards any individual student may receive. ] Becomes operative August 1, 2022. ] Increases minimum Oregon Promise grant award from $1,000 to $2,000. Creates process for students denied eligibility for Oregon Promise grant during 2020-2021 academic year to qualify for grant during 2021-2022 academic year or obtain waiver from Higher Education Coordinating Commission. Declares emergency, effective July 1, 2021.