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Agency State Council of Higher Education for Virginia (245)
Measure Name Amount of annual allocation of state funds for student financial aid.
Measure Last Modified
11-07-2025 03:45 p.m.
Measure Last Published
11-18-2025 04:39 p.m.
Status
Active
Data Source and Calculation
Student financial aid funds are allocated in the state budget as items within the SCHEV budget; SCHEV offers recommendations annually to the Governor and the General Assembly on projected student need and aid-program funding statewide. This measure reflects the sum of the student-aid programs designated in the Appropriation Act as Scholarships (Program 10810), namely the Tuition Assistance Grant (TAG) Program, the Space Grant Scholarship Program, the Two-year Transfer Grant Program, the New Economy Workforce Credential Program, the Military Survivors Program and the Virginia Women's Institute for Leadership (VWIL) Program.
Enterprise Priorities and Strategies
Initiative Priority Strategy
Education Higher Education Access and Affordability Continue to strengthen Virginia’s system of community colleges and four-year institutions and promote greater access and affordability for all Virginians.
Associated Service Areas
Service Area Code Service Area Name
10810 Scholarships
Targets and Baselines
Name Date Result Note
Baseline 07-01-2021 106468934.0
Short Target 2025 06-30-2025 200000000.0
Long Target 2027 06-01-2027 210000000.0
Baseline None
Results
Year Result Note
2013 66,385,632
2014 69,315,564
2015 69,522,665
2016 76,027,665
2017 79,987,332 This amount represents the total allocation for student financial assistance in FY2018.
2018 82,587,332 This amount represents the total allocation for student financial assistance in FY2019.
2019 92,258,559 This amount represents the total allocation for student financial assistance in FY2020.
2020
2021
2022 126,115,951 This amount represents the total allocation for student financial assistance in FY2023.
2023
2024 201,688,512
2025 203,188,512
2026
Measure ID 24510810.001.001
Measure Class Agency Key
Measure Type Outcome
Year Type State FY
Preferred Trend Stable
Frequency Annually
Statistical Unit Dollars
sp134 Performance Measure - 12-24-2025 18:44:56