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2008 SESSION
086542332Patrons-- Stosch, Edwards and Smith; Delegates: Marshall, D.W., Merricks and Nutter
Be it enacted by the General Assembly of Virginia:
1. That §§ 23-38.10:8 through 23-38.10:11 and 23-38.10:13 of the Code of Virginia are amended and reenacted as follows:
§ 23-38.10:8. Definitions.
As used in this chapter:
"Accredited institution" means any institution approved to confer degrees pursuant to Chapter 21.1 (§ 23-276.1 et seq.) of this title.
"Council" means the State Council of Higher Education for Virginia.
"Grant" means the amount of financial assistance
awarded under this chapter whether disbursed by warrant directly
to an institution of higher education or directly toon
behalf of aan eligible
student.
"Institution of higher education" means a four-year public or private nonprofit educational institution within the Commonwealth whose primary purpose is to provide undergraduate collegiate education and not to provide religious training or theological education.
"Student" means an undergraduate student who is entitled to in-state tuition charges pursuant to the provisions of § 23-7.4.
§ 23-38.10:9. Two-Year College Transfer Grant Program created; State Council of Higher Education for Virginia to promulgate regulations.
There is hereby created the Two-Year College Transfer Grant
Program to provide financial assistance to eligible students, beginning with the
first-time students entering freshman classas
of the fallsummer
2007 academic yearterm,
for the costs of attending a public or private institution of higher education
in Virginia. Funds may be paid to any institutions of higher education on
behalf of students who have been awarded financial assistance pursuant to §
23-38.10:10. The Council shall promulgate regulations for the implementation of
the provisions of this chapter and the disbursement of funds consistent
therewith and appropriate to the administration of the program.
§ 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 $8,000
as calculated by the federal government using the family's financial
information reported on the Free Application for Federal Student Aid (FAFSA)
form. Only students who maintainedgraduated with
a cumulative grade point average of at least 3.0 on a scale of 4.0 or its
equivalent while enrolled inat the completion of
an associate degree program at a Virginia two-year public institution of higher
education shall be eligible to receive a grant under this chapter.
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 full-time 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 grade point average of
3.0 on a scale of 4.0 or its equivalent, be enrolled as a
full-time student, 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 and shall be fixed at a maximum of $1,000 per year. An additional maximum of $1,000 per year shall be provided to those eligible students pursuing undergraduate collegiate work in engineering, mathematics, nursing, teaching, or science.
§ 23-38.10:13. State financial aid eligibility.
The institutions of higher education shall reduce
state financial aid eligibility by the amount of the grant awarded pursuant to
this chapter. Tuition assistance received by a student under this
program shall not be reduced by the receipt of other financial aid from any
source by such student. However, a student shall not receive a grant pursuant
to this chapter that, when added to other financial aid received by that
student, would enable the student to receive total assistance in excess of the
estimated cost to the student of attending the institution in which he is
enrolled.