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2009 SESSION

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HB 2082 Early Graduation Incentive Grant Program; established.

Introduced by: Christopher B. Saxman | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Virginia Early Graduation Incentive Grant Program.  Establishes the Virginia Early Graduation Incentive Grant Program for the purpose of providing grants to Virginia students who (i) have received an undergraduate degree within three years from any public or private accredited institution of higher education in Virginia, (ii) are enrolled in a graduate program preparing students for careers in professions with workforce shortages, and (iii) have agreed to work in Virginia upon receiving a graduate degree. The State Council of Higher Education for Virginia is designated as the administering agency for the program and must adopt regulations for the disbursement of grants and the administration of the program. Before grants are awarded, recipients must sign a promissory note under which they agree (i) to begin employment in the Commonwealth within six months of receiving a graduate degree and (ii) to continue such employment in the Commonwealth for at least three years. Only students who maintained a 3.0 grade point average while enrolled as undergraduates are eligible to participate in the program. Eligibility is limited to two academic years or the equivalent number of credit hours.


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