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(1) The Legislature finds that:
(a) the prosperity, economic success, and general welfare of the people of Utah and of the state are directly related to the educational levels and skills of the citizens of the state; and
(b) financial assistance, to bridge the gap between a financially needy student's resources and the cost of attendance at a Utah postsecondary institution, is a necessary component for ensuring access to postsecondary education and training.
(2) There is created the Success Stipend Program to provide financial assistance to students who, after utilizing family and personal resources, federal assistance, and scholarships, demonstrate financial need.