HIGHER ED-ARMY RESERVES-GRANT

Amends the Higher Education Student Assistance Act. Provides that any person who has served at least one year in the Army Reserves and who possesses all necessary entrance requirements shall, upon application and proper proof, be awarded a grant to the State-controlled university or community college of his or her choice, consisting of exemption from tuition and fees for not more than the equivalent of 4 years of full-time enrollment in relation to his or her course of study at that State-controlled university or community college while he or she is a member of the Army Reserves. Renames the National Guard and Naval Militia Grant Fund to the National Guard, Naval Militia, and Army Reserves Grant Fund. Makes a conforming change in the State Finance Act.