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2011 SESSION

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SB 1439 Tuition Assistance Grant Program; amends criteria for higher educational institutions.

Introduced by: Mark R. Herring | all patrons    ...    notes | add to my profiles | history

SUMMARY AS PASSED:

Tuition Assistance Grant Program.  Amends the criteria for institutions of higher education to be eligible to receive tuition assistance on behalf of eligible students. For an institution not admitted to the program as of January 1, 2011, to be eligible, it must (i) be formed, chartered, established, or incorporated within the Commonwealth; (ii) have its principal place of business within the Commonwealth; (iii) conduct its primary educational activity within the Commonwealth; and (iv) be accredited by a nationally recognized regional accrediting agency. The bill also defines "principal place of business." This bill is identical to HB 1960.

SUMMARY AS PASSED SENATE:

Tuition Assistance Grant Program.  Amends the criteria for institutions of higher education to be eligible to receive tuition assistance on behalf of eligible students. For an institution to be eligible, the institution must have either been receiving such funds as of January 1, 2011, or (i) be formed, chartered, established, or incorporated within the Commonwealth; (ii) have the principal place of business in the Commonwealth; (iii) conduct their primary educational activity within the Commonwealth; and (iv) be accredited by a nationally recognized regional accrediting agency. 

SUMMARY AS INTRODUCED:

Tuition Assistance Grant Program.  Amends the criteria for institutions of higher education to be eligible to receive tuition assistance on behalf of eligible students. For an institution to be eligible, the institution must have either been receiving such funds as of January 1, 2011, or be a private, nationally recognized, regionally accredited, and nonprofit institution of collegiate education that is formed, chartered, or established within the Commonwealth. The bill requires the State Council of Higher Education to keep a current, and periodically updated, list of such institutions.