The bill creates a new law establishing the "armed forces reserve postsecondary education grant" program as a new chapter in Title 28B RCW. The program is administered by the office of student financial assistance, with assistance from the Washington military department, and provides grants to eligible drilling reservists domiciled or stationed in Washington, or to a spouse or dependent the reservist designates who meets the office's criteria. Eligible students must enroll in approved in-state postsecondary degree/certificate programs at institutions accredited by the Northwest association of schools and colleges or in Montgomery GI Bill–approved training, be resident students as defined in RCW 28B.15.012, and submit an office-approved student aid application. The program includes definitions, selection criteria, and a service obligation of one year of reserve service for each year a participant receives a grant, up to a maximum benefit not to exceed six full-time years (or the credit/clock-hour equivalent). The bill sets financial limits and funding rules: individual grant awards are subject to amounts appropriated, may be no greater than the state’s maximum Washington college grant (RCW 28B.92.030) plus $500 for books and supplies, may not exceed a participant’s cost of attendance when combined with other public and private aid, and annual awards may not exceed the University of Washington’s annual undergraduate tuition and services/activities fees plus an allowance for books and supplies. Grants may be funded by federal or state appropriations, private donations, or repayments from participants who fail to meet their service obligation. A reservist and that reservist's designated spouse and dependents may use the grant simultaneously, subject to the program’s maximum benefit limit. The bill creates repayment and enforcement procedures as part of the program: a reservist who does not fulfill the required service obligation must repay the grant with interest; the office must adopt rules governing repayment terms (including interest rates, fees, deferments, and appeals) and may use collection tools such as wage garnishment. Repayments received by the office are deposited to cover administration, record keeping, and collection costs, and any amounts beyond necessary costs must be used to make additional grant awards. The office is required to adopt rules and policies covering participant selection, priority for in-state accredited institutions, and other program details. Important specifics are not included in the extracted text: the numeric amount of the "maximum Washington college grant" referenced in RCW 28B.92.030, the precise selection criteria and definitions of "good standing," detailed repayment interest rates and fee schedules, the process for designating a spouse or dependent, exact appropriation amounts and implementation timelines, and any detailed cross-references for Montgomery GI Bill approval.

If enacted, the bill would create a state-run grant for Washington-based armed forces reservists and the spouse or dependent a reservist designates, administered by the Office of Student Financial Assistance with assistance from the Washington Military Department. Eligible students at in-state accredited institutions could receive awards up to the state’s Washington College Grant level plus $500 for books and supplies, with annual awards capped by University of Washington undergraduate tuition and fees (plus books) and a total benefit limited to the equivalent of six full‑time years; a reservist and a designated spouse/dependent may use the grant at the same time but together cannot exceed the maximum benefit. The program depends on specific appropriations and other funding sources (federal funds, donations, or repayments), and recipients must serve one year in the reserves for each year they receive a grant or repay the award with interest; the office can enforce collection, including wage garnishment, and will use repayments first to cover administration with any excess used to make more awards. The Office will set selection, repayment, deferment, appeal, and forgiveness rules and the Military Department will verify eligibility, but important implementation details — the numeric Washington College Grant amount, exact interest rates and repayment terms, definitions of “good standing,” the spouse/dependent designation process, and timing of appropriations and program startup — are not specified and remain uncertain.