|HB133 Two-Year College Transfer Grant Program; amount of award and eligibility criteria. (Cole)|
Summary as Introduced:
|Two-Year College Transfer Grant Program; amount of award and eligibility criteria. Increases from $8,000 to $12,000 the maximum Expected Family Contribution, as calculated by the federal government using the family's financial information reported on the Free Application for Federal Student Aid (FAFSA), for a student to be eligible for the Two-Year College Transfer Grant Program. The bill permits a student to enroll in a four-year institution by the spring following the award of an associate's degree and remain eligible for a grant under the program. Current law requires a student to enroll in a four-year institution by the following fall to be eligible. The bill also provides that the amount of each award will be determined in the appropriation act. Under current law, each award is fixed at $1,000 per student per year.|
|Bill Status 1:||Bill Status 2:||Next Meeting: (date and time)|
|Committee/Subcommitte: S-Education and Health|
|Full Text of Bill:|
Be it enacted by the General Assembly of Virginia:
§ 23-38.10:10. Eligibility criteria.
A. Under this program, grants shall be made to or on behalf of
eligible Virginia domiciles who (i) have received an associate degree at a
Virginia two-year public institution of higher education, (ii) have enrolled in
a Virginia four-year public or private institution of higher education by the
fall or spring following the award
of the associate degree, (iii) have applied for financial aid, and (iv) have
financial need, defined by an Expected Family Contribution (EFC) of no more
B. Eligibility for a higher education grant under this program shall be limited to three academic years or 70 credit hours and shall be used only for undergraduate collegiate work in educational programs other than those providing religious training or theological education. To remain eligible for a grant under this program, a student must continue to demonstrate financial need, as defined in this section, maintain a 3.0 on a scale of 4.0 or its equivalent, and make satisfactory academic progress towards a degree.
C. Individuals who have failed to meet the federal requirement to register for the Selective Service shall not be eligible to receive grants pursuant to this chapter. However, a person who has failed to register for the Selective Service shall not be denied a right, privilege, or benefit under this section if (i) the requirement to so register has terminated or become inapplicable to the person and (ii) the person shows by a preponderance of the evidence that the failure to register was not a knowing and willful failure to register.
§ 23-38.10:11. Amount of award.
The amount of the grant for an eligible student shall be
provided in accordance with the appropriation act