2004 Special Session I

Budget Amendments - SB5001 (Committee Approved)

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MWC - Increase Student Financial Aid

Item 195 #1s

Item 195 #1s

First Year - FY2005 Second Year - FY2006
Education: Higher Education
Mary Washington College FY2005 $25,324 FY2006 $25,324 GF

Page 154, line 1, strike "$1,016,397" and insert "$1,041,721".
Page 154, line 1, strike "$1,016,397" and insert "$1,041,721".

(This amendment provides additional funding for student financial aid based on anticipated tuition increases in FY 2005. Although the state currently meets 35 percent of remaining need, on average, across all public colleges and universities, several institutions fall short of the state average. Incremental funding reflected in amendments to the 2004-06 budget, as introduced, in combination with the funds already included in the introduced budget are provided with the intent of meeting at least 35 percent of remaining need at all institutions while continuing to move all institutions to the state goal of meeting at least 50 percent of remaining need.)