2020 Session

Budget Amendments - HB30 (Floor Approved)

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SCHEV - Review Financial Aid Awarding Practices and Tuition Discounting (language only)

Item 152 #7h

Item 152 #7h

Education: Higher Education
State Council of Higher Education for Virginia


Page 179, after line 49, insert:

"P 1. The State Council of Higher Education for Virginia, in consultation with staff from the House Appropriations Committee, Senate Finance and Appropriations 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 awarding practices and tuition discounting strategies.

2. The Council shall review current state financial aid awarding policies and make recommendations to: (1) prioritize and address affordability for low- and middle-income students; (2) increase program efficiency and efficacy in meeting state goals that align with The Virginia Plan; and (3) simplify communication and ease student understanding of eligibility criteria. The review shall also assess financial aid by income level and the utilization and reporting of tuition revenue used for financial aid to address program efficacy and increase transparency of this financial aid funding strategy.

3. By July 1, 2021, the Council shall submit a report and any related recommendations to the Governor and the Chairs of the House Appropriations and Senate Finance and Appropriations Committees."


(This amendment is self-explanatory.)