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2014 SESSION

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HB 696 Higher education; changes name of Virginia Guaranteed Assistance Program.

Introduced by: K. Rob Krupicka | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Higher education; Virginia Guaranteed Assistance Program. Changes the name of the Virginia Guaranteed Assistance Program to Virginia College for All and establishes eligibility criteria for public institutions of higher education to participate, including guarantees that (i) all enrolled undergraduate students from low-income families can afford the full cost of attendance associated with the institution without incurring student loan debt and (ii) all enrolled undergraduate students from middle-income families can attend and complete a degree-granting program within 150 percent of the standard time for completion without incurring any interest on loans to cover tuition and required fees, subject to the availability of funds necessary to meet such a guarantee. The bill establishes criteria for renewal and nonrenewal of grants and loans pursuant to the Program and does not affect the award of any current Virginia Guaranteed Assistance Program recipient.


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