2005 Session

Budget Amendments - SB700 (Committee Approved)

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SOE - Higher Ed Affordability Study

Item 135 #1s

Item 135 #1s

First Year - FY2005 Second Year - FY2006
Education: Elementary and Secondary
Education, Secretary of FY2005 $0 FY2006 $300,000 GF

Page 118, line 4, strike "$871,735" and insert "$1,171,735".
Page 120, after line 21, insert:
"J.  Out of this appropriation, $300,000 from the general fund in the second year is provided for one-time costs associated with conducting a higher education affordability study.  The purpose of the study is to address the extent to which cost is a barrier to access for students wishing to attend a public or private, nonprofit college or university in the Commonwealth.  In addressing this issue, the study shall include, but is not limited to, identifying: i) the economic diversity of students attending Virginia's public and private institutions of higher education, and ii) the extent to which students and families rely on grant aid, loans, savings, and supplemental employment to cover the cost of attendance. Prior to entering into a contract on these funds, the Secretary of Education shall seek input from the State Council of Higher Education for Virginia and the Council of Independent Colleges in Virginia on the study design, timeline, and expected outcomes.".

(This amendment provides $300,000 from the general fund in the second year for the Secretary of Education to enter into a one-time contract to conduct an in-depth study on the affordability of higher education in the Commonwealth.)