State Council of Higher Education for Virginia (245)
| Request Title | Continue Chapter 1 funding changes: Recruitment and Retention of Pell-Eligible Students |
| Biennium | 2024-2026 |
| Budget Round | Initial Bill |
| Category | CH 1 (2023 Special Session) Ongoing Impact |
| Region | None |
Description
|
Provides for the ongoing impact of appropriation changes included in Chapter 1, 2023 Special Session I. Increases funding for the Pell initiative, provides additional language regarding the use of financial aid for internship opportunities and states that funding will be ongoing to ensure successful outcomes for students. Language directs that funds are ongoing, not one-time ($25M included in Chapter 2 + additional $12.5M in conference amendment) |
Funding Summary
| Object Type | FY 2024 | FY 2025 | |
| General Fund Dollars | $37,500,000 | $37,500,000 | |
| Nongeneral Fund Dollars | $0 | $0 | |
| General Fund Positions | 0.00 | 0.00 | |
| Nongeneral Positions | 0.00 | 0.00 | |
| General Fund Transfers | $0 | $0 | |
| General Fund Revenue | $0 | $0 | |
| Layoffs | $0 | $0 | |
| Additions to Balance | $0 | $0 |
Funding Details
| By Program | Program Code | Program Title | FY 2024 | FY 2025 |
| 108 | Higher Education Student Financial Assistance | $37,500,000 | $37,500,000 | |
| By Fund | Fund Code | Fund Title | FY 2024 | FY 2025 |
| 01000 | General Fund | $37,500,000 | $37,500,000 |
Authorized Position Details
| By Program | Program Code | Program Title | FY 2024 | FY 2025 |
p3_opview - Official Enacted Budget View Operating Bullet Details - 06-07-2025 14:45:48
