2020 Session

Budget Amendments - SB30 (Committee Approved)

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SCHEV - Financial Aid Award Policies Study (language only)

Item 152 #1s

Item 152 #1s

State Council of Higher Education for Virginia


Page 179, strike lines 26 through 38.

Page 179, line 39, strike "N." and insert "M."

Page 179, line 45, strike "O." and insert "N."

Page 179, after line 49, insert:

O 1. The State Council of Higher Education for Virginia, in consultation with staff from the Senate Finance and Appropriations Committee, House 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) appropriately prioritize and address affordability for low- and middle-income students; (2) increase program efficiency and effectiveness in meeting state goals that align with The Virginia Plan; and (3) simplify communication and improve 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 and unfunded scholarships.

3. By November 1, 2020, the Council shall submit a report and any related recommendations to the Governor and the Chairmen of the House Appropriations and Senate Finance and Appropriations Committees."


(This amendment directs SCHEV to continue a review of financial aid. Its 2019 report made recommendations regarding allocation methodology, along with the recommendation to continue in 2020 to undertake further review of institutional award policies. This amendment also corrects language inadvertently retained in the 2019 Appropriation Act.)