2019 Session

Budget Amendments - HB1700 (Committee Approved)

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SCHEV - Language Changes (language only)

Item 141 #1h

Item 141 #1h

Education: Higher Education
State Council of Higher Education for Virginia


Page 184, strike lines 48 through 51.

Page 187, after line 22, insert:

"K. 1. The State Council of Higher Education for Virginia, in consultation from representatives from House Appropriations Committee, Senate Finance Committee, Department of Planning and Budget, Secretary of Finance and Secretary of Education, as well as representatives of public higher education institutions, shall review financial aid funding models and awarding practices.

2. The Council shall review current and prospective financial aid funding models including, but not limited to, how the various models determine individual and aggregate student financial need, the recommended state portion of meeting that need, how funding is most efficiently and effectively allocated among the institutions, how financial aid allocations can be aligned with other funding for higher education and how these funds are used to address student affordability. The review shall also assess how the utilization of tuition and fee revenue for financial aid, pursuant to the Top Jobs Act, prioritizes and addresses affordability for low- and middle-income students.

3. By November 1, 2019, the Council shall submit a report and any related recommendations to the Governor and the Chairmen of the House Appropriations and Senate Finance Committees."


(This amendment makes technical language changes to the VTAG program reflecting the merger of the Carilion School of Medicine into Virginia Tech and provides for a review of the current financial aid funding model to ensure that allocations and use of financial aid are aligned with state needs.)