- Authorizes colleges and universities to accept students under the automatic admissions program beyond the 60 percent cap, provided that the institution offers admissions to applicants by percentile rank according to class standing based on GPA (Sec. 1).
- Repeals the automatic admissions cap after eight consecutive academic years (Sec. 1).
- Establishes a scholarship program for incoming freshman equal to an amount not to exceed the student's tuition, except for the potential bonus amount described below. To qualify for the scholarship, the student must meet the following requirements (Sec. 3):
- Graduated in the top 10 percent of the student's high school class;
- Completed the recommended or advanced high school curriculum;
- Unmet financial needs, as determined by the Texas Higher Education Coordinating Board;
- Texas residency; and
- Any other eligibility requirements established by the Texas Higher Education Coordinating Board.
- Establishes the following requirements for students to continue to receive the scholarship listed above (Sec. 3):
- Unmet financial needs, as determined by the Texas Higher Education Coordinating Board;
- Completed at least 75 percent of all credit hours attempted for that academic year;
- Completed at least 30 credit hours or the number of credit hours necessary to complete the student's degree or certificate program; and
- Maintained a GPA of at least 3.5.
- Requires colleges and universities to continue providing a student with the scholarship listed above if the student fails to make satisfactory academic progress, provided that one of the following circumstances exists (Sec. 3):
- Severe illness or other debilitating condition that could affect the student's academic performance; or
- Responsibility for the care of a sick, injured, or needy person, such that it could affect the student's academic performance.
- Authorizes the Texas Higher Education Coordinating Board to award a bonus amount of $1,000 per semester or other academic term if the student meets the following requirements:
- Junior or Senior status at a college or university;
- Declared major in a filed with a workforce shortage, as determined by the Texas Higher Education Coordinating Board; and
- Maintained a GPA of at least 3.0 during the student's junior and senior year.