Source: https://budget.lis.virginia.gov/amendment/2020/1/SB30/Introduced/FA/152/5s/
Timestamp: 2020-08-07 13:58:56
Document Index: 259220526

Matched Legal Cases: ['§ 23', '§ 23', '§ 23', '§ 23', '§ 23', '§ 23', '§ 23', '§ 23', '§ 2']

152#5s (SCHEV) SCHEV - Office of the Qualified Education Loan Ombudsman. SB30 - Floor Approved
Bill Order » Item 152 #5s
SCHEV - Office of the Qualified Education Loan Ombudsman
Item 152 #5s
State Council of Higher Education for Virginia FY2021 $100,000 FY2022 $50,000 GF
Page 177, line 17, strike "$18,285,818" and insert "$18,385,818".
Page 177, line 17, strike "$18,285,818" and insert "$18,335,818".
Page 178, line 50, strike the first instance of "$124,000" and insert "$224,000".
Page 178, line 50, strike the second instance of "$124,000" and insert "$174,000".
(This amendment provides additional funding to establish and maintain the legislatively mandated Qualified Education Loan Borrower Education Course. SCHEV conducted an RFI and an RFP process to identify vendors who could develop the content and provide a content hosting platform for the course. After extensive review of submitted proposals, it was determined that none could provide the minimum quality content and hosting needs within a price point that was within the office's available funds.)
Higher Education Academic, Fiscal, and Facility Planning and Coordination (11100) $18,285,818 $18,285,818
Higher Education Coordination and Review (11104) FY2021 $6,596,303 FY2022 $6,596,303
Regulation of Private and Out-of-State Institutions (11105) FY2021 $1,294,253 FY2022 $1,294,253
Institutional Program Support (11107) FY2021 $10,395,262 FY2022 $10,395,262
General FY2021 $16,841,565 FY2022 $16,841,565
Special FY2021 $1,254,253 FY2022 $1,254,253
Trust and Agency FY2021 $190,000 FY2022 $190,000
Authority: § 23.1-200, § 23.1-203, § 23.1-1107, § 23.1-629, § 23.1-903.4.
C. Out of the appropriation for Higher Education Coordination and Review, $9,162,363 the first year and $9,162,363 the second year from the general fund is provided for continuation of the Virtual Library of Virginia. Funding for the Virtual Library of Virginia is provided for the benefit of students and faculty at the Commonwealth's public institutions of higher education and participating nonprofit, independent private colleges and universities. Out of this amount, $436,946 the first year and $436,946 the second year is earmarked to allow the participation of nonprofit, independent private colleges and universities.
I. Out of this appropriation, $330,687 the first year and $330,687 the second year from the general fund is designated to support research and analysis and the administration of a multi-agency longitudinal data system to improve consumer information and policy recommendations.
J. Out of this appropriation, $225,000 the first year and $225,000 the second year from the general fund is designated to establish and maintain a fund for excellence and innovation. The fund is designed to stimulate collaboration among public school divisions, community colleges and universities to create and expand affordable student pathways and to pursue shared services and other efficiency initiatives at colleges and universities that lead to measurable cost reductions. Grants will be awarded on a competitive basis, with eligibility criteria determined by the State Council of Higher Education for Virginia.
K. Out of this appropriation, $124,000 and one position the first year and $124,000 and one position the second year from the general fund is designated for the establishment of a student loan ombudsman to provide timely assistance to student borrowers of any student education loan in the Commonwealth. The ombudsman will also be responsible for establishing and maintaining an online student loan borrower education course, which would cover key loan terms, documentation requirements, monthly payment obligations, income-based repayment options, loan forgiveness, and disclosure requirements.
L. 1. Out of this appropriation, $700,000 the first year and $700,000 the second year from the general fund is designated for the Innovative Internship Fund and Program, § 23.1-903.4, Code of Virginia. The funding is designed to expand paid or credit-bearing student internship and other work-based learning opportunities in collaboration with Virginia employers. The Program comprises institutional grants and a statewide initiative to facilitate the readiness of students, employers, and institutions of higher education to participate in internship and other work-based learning opportunities.
2. In administering the statewide initiative, the Council shall (i) engage stakeholders from business and industry, secondary and higher education, economic development, and state agencies and entities that are successfully engaging employers or successfully operating internship programs; (ii) explore strategies in Virginia and elsewhere on successful institutional, regional, statewide or sector-based internship programs; (iii) gather data on current institutional internship practices, scale, and outcomes; (iv) develop internship readiness educational resources, delivery methods, certification procedures, and outreach and awareness activities for employer partners, students, and institutional career development personnel; (v) pursue shared services or other efficiency initiatives, including technological solutions; and (vi) create a process to track key measures of performance.
3. The Council shall establish eligibility criteria, including requirements for matching funds, for institutional grants. Such grants shall be used to accomplish one or more of the following goals: (i) support state or regional workforce needs; (ii) support initiatives to attract and retain talent in the Commonwealth; (iii) support research and research commercialization in sectors and clusters targeted for development; (iv) support regional economic growth and diversification plans; (v) enhance the job readiness of students; (vi) enhance higher education affordability and timely completion for Virginia students; or (vii) further the objectives of increasing the tech talent pipeline.
M. As part of the biennial six-year financial plan required in the provisions of § 23.1-306, Code of Virginia, each public four-year institution of higher education, Richard Bland College, and the Virginia Community College System shall include in its six-year plan submitted to the State Council of Higher Education for Virginia (SCHEV) a tuition and fee transparency and predictability plan for in-state undergraduate students. Such tuition and fee predictability plans shall be for a period of not less than three years and must cover at least tuition and mandatory educational and general fees. Plans shall include a percentage and dollar increase or decrease of any size the institution determines to be appropriate from one year to the next or for the entire duration covered by the plan. Plans shall indicate a range of tuitions based upon available state resources, but must contain a scenario that includes the assumption of no new state general fund support. SCHEV shall develop instructions related to the submission of such plans in conjunction with the six-year financial plans as required by § 23.1-306, Code of Virginia.
N. In addition to the exceptions pursuant to § 2.2-3815, the provisions of the section shall not be construed to prevent the release of a social security number to the U.S. Census, U.S. Education Department, or other agency of the federal government, by the State Council of Higher Education for the purposes of data-matching to improve knowledge of the outcomes of education programs of the Commonwealth, including, but not limited, to earnings and education-related debt.
O. The State Council of Higher Education for Virginia shall collect annual dues on behalf of Virginia Sea Grant to support its operational costs. The Council shall make payments out of nongeneral funds in this appropriation to Virginia Sea Grant, and shall enter into a memorandum of understanding with Virginia Sea Grant to define fiscal responsibilities and establish reimbursement rates and processes for the delivery of services.