Virginia Administrative Code
Title 8 - EDUCATION
Agency 40 - STATE COUNCIL OF HIGHER EDUCATION FOR VIRGINIA
Chapter 160 - NEW ECONOMY WORKFORCE CREDENTIAL GRANT PROGRAM REGULATIONS
Section 8VAC40-160-60 - Awards of student grants
Current through Register Vol. 40, No. 16, March 25, 2024
Students may be awarded grants based on the following activities and requirements:
1. In order for an individual to receive a grant for an eligible noncredit workforce training program, the individual must:
2. Students shall be funded on a first-come, first-served basis within the institution's published application period based upon the application receipt date. Students shall be funded in this order until all allocated funds are obligated.
3. A student may use other forms of financial assistance to pay for his responsible cost of the noncredit workforce training program, which includes the initial one-third cost of the noncredit workforce training program and an additional one-third cost if it is determined that he has not completed the noncredit workforce training program in accordance with the institution's policies. Forms of financial assistance may include financial aid, employer assistance, or vouchers through other training assistance programs or other third party payers, such as the Workforce Innovation and Opportunity Act.
4. Grants may be reduced or eliminated if moneys in the fund are fully allocated prior to the end of the fiscal year.
Statutory Authority: § 23.1-627.3 of the Code of Virginia.