Chief Patron: Stuart
UMW - Financial Aid Base Allocation

Item 197 #1s

Language
Page 206, line 13, strike "$13,616,462" and insert "$14,581,262".
Page 206, line 13, strike "$14,351,562" and insert "$15,316,362".

Explanation

(This amendment provides an additional $1.0 million GF each year as an increase in base funding allocation for the University of Mary Washington through the Virginia Student Financial Assistance Program to realign the base to reflect changes to student demographics and to account for higher cost of living in Northern Virginia, in addition to the increase of $235,200 included in the introduced budget. UMW has seen a 239 percent increase in its in-state Pell-eligible students since 2006-07, which is the largest increase of any Virginia institution, which have an overall average increase of 94 percent.)