State Council of Higher Education for Virginia (245)
| Request Title | Update state financial aid policies to address the Free Application for Federal Student Aid (FAFSA) Simplification Act |
| Biennium | 2024-2026 |
| Budget Round | Initial Bill |
| Category | Appropriation Act language only |
| Region | None |
Description
|
Amends existing language for policies regarding higher education financial aid to address changes resulting from implementation of the federal FAFSA Simplification Act, which introduces new terminology, need calculations, and reduced requirements. Changes include: addressing potential negative student aid index (SAI) calculations, authorizing consideration of continued aid for students currently receiving financial assistance based on expected family contribution (EFC), and technical provisions regarding the change from EFC to SAI. |
Funding Summary
| Object Type | FY 2024 | FY 2025 | |
| General Fund Dollars | $0 | $0 | |
| 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 |
| By Fund | Fund Code | Fund Title | FY 2024 | FY 2025 |
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 06:54:59
