|SB1098 Two-Year College Transfer Grant Program; Expected Family Contribution. (Hanger)|
Summary as Introduced:
|Two-Year College Transfer Grant Program; Expected Family Contribution. Broadens eligibility for the Two-Year College Transfer Grant Program by including students whose 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), is no more than $12,000. Currently the program is available only to students whose Expected Family Contribution is no more than $8,000. The additional eligibility requirements for the Two-Year College Transfer Grant Program remain the same.|
|Bill Status 1:||Bill Status 2:||Next Meeting: (date and time)|
|Full Text of Bill:|
Be it enacted by the General Assembly of Virginia:
1. That § 23-38.10:10 of the Code of Virginia is amended and reenacted as follows:
§ 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 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 than
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.