Virginia Administrative Code
Title 8 - EDUCATION
Agency 40 - STATE COUNCIL OF HIGHER EDUCATION FOR VIRGINIA
Chapter 71 - VIRGINIA TUITION ASSISTANCE GRANT PROGRAM REGULATIONS
Section 8VAC40-71-20 - Institutional participation in the program: application procedures
Current through Register Vol. 40, No. 16, March 25, 2024
In order to participate in the program, eligible institutions not previously approved by the council to participate must file formal application with the council no later than January 31 of the calendar year preceding the calendar year in which fall term awards would first be available to students.
Applications shall be addressed to the council and shall include:
1. Estimates of the number of students who would be eligible to receive awards in the first and second years of participation;
2. A copy of the Fiscal Operations Report and Application to Participate in Federal Student Financial Aid Programs (FISAP) if participating in federal Title IV programs; and
3. Certifications from the institution's chief executive officer that the institution:
Applications must be approved and all documents must be on file before any funds are disbursed.
Council retains the prerogative to issue conditional approval to participate in the program if deemed necessary and provide a timeframe in which a follow-up review will be conducted before issuing final approval.
All subsequent new programs or site locations must be reported to the council by no later than August 1 of the calendar year preceding the calendar year in which fall term awards would first be available to students in the program or at the new site location.
Statutory Authority: § 23.1-629 of the Code of Virginia.