Authorizes part-time students at postsecondary institutions to qualify for a state need grant.

Encourages institutions of higher education to review their policies and procedures regarding financial aid for students taking a less-than-half-time course load, and to implement policies and procedures providing students taking a less-than-half-time course load with the same access to institutional aid, including tuition waivers, as provided to students enrolled half time or more.

Provides that the act shall be null and void if appropriations are not approved.