Increases the age limit for tuition waivers for qualified students. Permits a qualified student to receive a tuition waiver for a master's degree notwithstanding whether the qualified student received a waiver for a baccalaureate degree. Removes the requirement that a qualified student apply for a master's degree within 12 months of receiving a baccalaureate degree to receive a tuition waiver for a master's degree. Permits a qualified student to receive a tuition waiver for a master's degree if the student presents proof of eligibility for specified federal assistance. Takes effect on the 91st day following adjournment sine die.