Virginia Administrative Code
Title 8 - EDUCATION
Agency 40 - STATE COUNCIL OF HIGHER EDUCATION FOR VIRGINIA
Chapter 71 - VIRGINIA TUITION ASSISTANCE GRANT PROGRAM REGULATIONS
Section 8VAC40-71-50 - Award amount
Universal Citation: 8 VA Admin Code 40-71-50
Current through Register Vol. 40, No. 16, March 25, 2024
A. Maximum annual award.
1. Section 23.1-630 of the Code
of Virginia specifies that no annual award shall exceed the annual average
appropriation per full-time equivalent student for the previous year from the
general fund for operating costs at two-year and four-year public institutions
of collegiate education in Virginia.
2. Council determines the amount of the
annual award based on the number of eligible students and available funds. In
no event shall the actual annual award amount exceed the maximum limit set
forth in the annual appropriation act or in § 23.1-630 of the Code of
Virginia.
B. An award received by a student under the program shall not be reduced by the institution unless:
1. Council authorizes a uniform
reduction of the award for all students because it is determined that the
number of priority students multiplied by the projected annual award amount
exceeds available funds.
2. The
award, when combined with all other financial assistance from any source,
including, but not limited to, a scholarship, grant, tuition waiver, veteran
benefits, or employer reimbursement, exceeds the estimated cost of attendance
at the institution the student attends.
3. The student is enrolled less than the
minimum credit hours as defined under "full-time student" but falls under one
of the following exceptions:
a. The
individual student falls under the enrollment provisions listed under
8VAC40-71-40 C 2; or
b. The student is a doctoral student taking
less than 9 credit hours but declared full-time via institutional
policy.
4. In such cases
as described in this subsection, the student would receive an award prorated on
a percentage basis based on the student's actual tuition charges as compared to
the tuition typically charged by the institution to a full-time
student.
C. When a reduced award is appropriate, all awards should be rounded to the nearest whole dollar.
D. For purposes of calculating federal Chapter 33 (Post-9/11 GI Bill) veteran's benefits, this award is not considered to be solely for the purpose of defraying tuition and fees.
Statutory Authority: § 23.1-629 of the Code of Virginia.
Disclaimer: These regulations may not be the most recent version. Virginia may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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