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2017 SESSION

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SB 402 Virginia Higher Education Scholarship Act Fund; created.

Introduced by: Thomas A. Garrett-Resigned 1/3 | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Virginia Higher Education Scholarship Act. Requires, beginning with the incoming freshman class of 2017, the board of visitors of a four-year public institution of higher education to maintain a ratio of the in-state and out-of-state student population in each incoming freshman class that is not less than 55 percent in-state students. The bill stablishes the Virginia Higher Education Scholarship Fund and Program. The program grants scholarships to the top two percent of graduates from Virginia public high schools. The scholarships pay for tuition, mandatory fees, room, and board for eight semesters over five years. Recipients may apply the scholarships to one of nine public institutions of higher education on the basis of the locality of the student's high school or to Norfolk State University, Virginia Military Institute, or Virginia State University.


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