An Act amending the act of July 18, 1974 (P.L.483, No.174), known as The Institutional Assistance Grants Act, repealing provisions relating to legislative findings; further providing for definitions, for institutional assistance grants and for assistance grant fund; and repealing provisions relating to appropriation.

HB 2525 amends Pennsylvania's Institutional Assistance Grants Act to update definitions and procedures for grants given to students attending independent colleges. The bill removes old legislative findings and specific appropriation amounts, while establishing a new maximum grant limit of $400 per student. It also requires the Pennsylvania Higher Education Assistance Agency to audit eligible institutions and publish annual reports on how the grant funds are used.