Establishes the evergreen promise program.

Addresses the state need grant program and states that the program is otherwise known as the evergreen promise program.

Revises certain requirements of the office of student financial assistance when rewarding need grants and selecting recipients.

Includes the following in the definition of "caseload," for purposes of the caseload forecast council: The number of students who are eligible for the state need grant and expected to attend an institution participating in the state need grant program.

Assesses a fee of one dollar and fifty cents to students at institutions participating in the state need grant program for the purposes of administering the program.

Requires the fee to be collected by the institutions participating in the program and remitted to the state treasurer for deposit into the general fund.