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2007 SESSION

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HB 1681 Two-Year College Transfer Grant Program; created.

Introduced by: Vincent F. Callahan, Jr. | all patrons    ...    notes | add to my profiles | history

SUMMARY AS PASSED:

Two-Year College Transfer Grant Program.  Establishes the Two-Year College Transfer Grant Program for the purpose of providing higher education grants of up to $2,000 per year to domiciles of Virginia who have successfully completed an acceptable associate degree program at a public two-year institution of higher education.  The State Council of Higher Education (SCHEV) must promulgate necessary and appropriate regulations for its administration. 

To be eligible to receive a grant, a student must (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.

Eligibility is limited to three academic years or 70 credit hours.

This bill is identical to SB 749.

SUMMARY AS PASSED HOUSE:

Two-Year College Transfer Grant Program. Establishes the Two-Year College Transfer Grant Program for the purpose of providing higher education grants of $2,000 per year to domiciles of Virginia who have successfully completed an acceptable associate degree program at a public two-year institution of higher education. The State Council of Higher Education (SCHEV) must promulgate necessary and appropriate regulations for its administration.

To be eligible to receive a grant, a student must (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.

Eligibility is limited to three academic years or 70 credit hours and must be used only for undergraduate collegiate work in engineering, mathematics, nursing, teaching, or science.

This bill incorporates HB 1872 (Caputo), HB 2168 (Cline), HB 2407 (Athey), HB 2436 (Frederick), and HB 2856 (Moran).

SUMMARY AS INTRODUCED:

Community College Transfer Grant Program. Establishes the Community College Transfer Grant Program for the purpose of providing higher education grants to domiciles of Virginia who have successfully completed an acceptable associate degree program at a Virginia community college and have been admitted to an accredited nonprofit public or private institution of higher education in the Commonwealth. The State Council of Higher Education for Virginia (SCHEV) must promulgate necessary and appropriate regulations for its administration.

To be eligible to receive a grant, the student must: (i) have maintained a cumulative grade point average of at least 3.0 on a scale of 4.0 or its equivalent while enrolled in an associate degree program at a Virginia community college, (ii) have applied for financial aid, and (iii) have financial need, defined by having a family income of equal to or less than 150% of Virginia median family income, or 150% of the median family income of their home locality, whichever is greater.

The amount of the award will be based on either the difference between the cost of tuition paid by the recipient at a Virginia community college and the cost of such tuition at the public four-year institution of higher education in which the student has been enrolled, or in the case of transfer to a private four-year college or university, the difference between the cost of tuition paid by the recipient at a Virginia community college and the average cost of such tuition at a Virginia public four-year institution of higher education.