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2005 SESSION
SB 757 Student Financial Security Program and Fund; created.
Introduced by: R. Edward Houck | all patrons ... notes | add to my profiles | history
SUMMARY AS PASSED SENATE:
Student Financial Security Program. Creates the Student Financial Security Program and Fund to provide state-funded need-based financial aid at two- and four-year public institutions of higher education in the Commonwealth. The funding is designed to ensure that resources for student financial aid programs, based in whole or in part on need, are available to offset tuition increases at the various public institutions. Funds for the Program shall be included in each institution's appropriation for undergraduate student financial assistance.
SUMMARY AS INTRODUCED:
Student Financial Security Program. Creates the Student Financial Security Program and Fund to provide supplemental funding for need-based, state-funded financial aid at two- and four-year public institutions of higher education in the Commonwealth. The funding is designed to ensure that resources for student financial aid programs based in whole or in part on need are available to offset tuition increases at the various public institutions.
Among the Commonwealth's state-funded, need-based student aid initiatives are the Virginia Guaranteed Assistance Program (§ 23-38.53:4 et seq.), the College Scholarship Assistance program (§ 23-38.45 et seq.), and student loan programs (§ 23-38.10:2 et seq.).