Created in 2007, the U of M Promise Scholarship supports Minnesota residents who are eligible, first-time undergraduates with family income up to $120K and who enroll at any of the U of MN's 5 campuses to receive a multi-year Promise scholarship. In 2016 the program was expanded to serve students with family incomes up to $125K rather than $100K, the previous family income limit. Awards range from $300 to $4,000 a year for four years.