Higher Education - Financial Aid

Item 465.30 #1s

Language
Page 400, after line 33, insert:
Page 400, after line 33, insert:
"A. Out of this appropriation, $7.0 million in the second year from the general fund is designated for allocations to Virginia’s public colleges and universities for low-income undergraduate financial aid as determined by the State Council of Higher Education for Virginia methodology to determine need.
B. Out of this appropriation, $7.0 million in the second year from the general fund is designated for allocations to Virginia’s public colleges and universities for middle-income undergraduate financial aid as determined by the State Council of Higher Education for Virginia methodology to determine need.
C. Allocations for the $7.0 million in the second year from the general fund for low-income undergraduate financial aid and $7.0 million in the second year from the general fund for middle-income undergraduate financial aid are as follows:

                FY 2012         FY 2012
          Low-Income Middle-Income
Institution           Allocation         Allocation
Christopher Newport University $60,803 $122,425
College of William & Mary $46,277 $60,553
George Mason University $888,593 $910,628
James Madison University $163,215 $263,577
Longwood University $114,051 $211,670
Norfolk State University $445,098 $374,254
Old Dominion University $1,262,208 $1,308,078
Radford University $80,866 $107,797
University of Mary Washington $42,663 $62,786
University of Virginia $56,420 $88,674
University of Virginia - Wise $49,110 $57,907
Virginia Commonwealth University $805,674 $977,003
Virginia Military Institute $20,630 $30,579
Virginia State University $697,849 $566,879
Virginia Polytechnic Institute &
State University $265,939 $406,744
Richard Bland College $34,946 $36,618
Virginia Community College System $1,965,658 $1,413,828
Totals $7,000,000 $7,000,000
D. Out of this appropriation, $150,000 in the second year from the general fund is designated for a pilot program to provide grants to undergraduate students participating in public higher education institution programs at the higher education centers in Southwest and Southside Virginia that major in science, technology, engineering, math, health-care, or other programs designated as high need for that area.  A requirement for the grant will be for these students to mentor K-12 students in Southwest and Southside Virginia to help increase interest in those areas of study.  The pilot program will be developed by the Secretary of Education in consultation with the State Council of Higher Education for Virginia."

Explanation
(This amendment provides financial aid funding of over $14.1 million GF in FY 2012. Included in this funding is $7.0 million GF for low-income undergraduate assistance, $7.0 million GF for middle-income undergraduate assistance, and $150,000 to provide a pilot program for high-demand majors in Southwest and Southside Virginia to receive grants for higher education with the requirement to mentor K-12 students.)