NEWS RELEASE

SCHEV to Present Results of a Financial Aid Study at October 26 Meeting

RICHMOND — The State Council of Higher Education for Virginia (SCHEV) has completed a study of financial aid requested by the 2010 General Assembly. It addresses the factors used, including cost of attendance and family resources, when determining SCHEV financial aid funding recommendations for public institutions. The study also looks at the impact of the current financial aid model in Virginia as well as financial aid models in Indiana, Kentucky, Maryland, Minnesota, North Carolina, Oregon, and Washington. Additionally, SCHEV received the input of representatives from the public four-year colleges, the Virginia Community College System, the House Appropriations Committee, the Senate Finance Committee, the Secretary of Education’s office, and the Department of Planning and Budget.

Action on the study of financial aid will be an agenda item at SCHEV’s regular business meeting on Tuesday, October 26 from 1:00 p.m. to 4:00 p.m. in SCHEV’s main conference room on the ninth floor of the James Monroe Building at 101 North 14th Street in Richmond, Virginia. Council will also consider the 2010-12 systemwide operating budget recommendations which include: base-budget adequacy, faculty salaries, operation of new facilities coming online, and financial aid.

SCHEV is the Commonwealth’s coordinating body for Virginia’s system of higher education. The agency provides policy guidance and budget recommendations to the Governor and General Assembly, and is a resource for information on Virginia colleges and universities on higher education issues. Agenda materials for the SCHEV meeting are available at http://www.schev.edu.

For more information, contact Kirsten Nelson, Director of Government Relations and Communications, at KirstenNelson@schev.edu or (804) 225-2627.

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