reglab/statecodes huggingface dataset:
Virginia Administrative Code › Title 8 - EDUCATION › Agency 40 - STATE COUNCIL OF HIGHER EDUCATION FOR VIRGINIA › Chapter 71 - VIRGINIA TUITION ASSISTANCE GRANT PROGRAM REGULATIONS › Section 8VAC40-71-20 - Institutional participation in the program: application procedures

Current through Register Vol. 40, No. 24, July 15, 2024
In order to participate in the program, eligible institutions
				  not previously approved by the council to participate must file formal
				  application with the council no later than January 31 of the calendar year
				  preceding the calendar year in which fall term awards would first be available
				  to students.
Applications shall be addressed to the council and shall
				  include:
1. Estimates of the number of
				students who would be eligible to receive awards in the first and second years
				of participation;
2. A copy of the
				Fiscal Operations Report and Application to Participate in Federal Student
				Financial Aid Programs (FISAP) if participating in federal Title IV programs;
				and
3. Certifications from the
				institution's chief executive officer that the institution:
a. Meets each aspect of the definition of an
				eligible institution as defined in this chapter;
b. Offers academic programs that meet the
				definition of an eligible program and provides a list of such programs,
				including the officially recognized CIP codes for each program;
c. Will furnish whatever data the council may
				request in order to verify its institutional eligibility claims;
d. Will promptly notify the council within 30
				days following any change in governance or mission that may affect the
				institution's status as an eligible institution;
e. By its governing body, has authorized its
				adherence to the requirements of this chapter, as the same are now constituted
				or hereafter amended, until such time as the institution may withdraw from
				participation in the program;
f.
				Will comply with the council's reports requirements and deadlines;
				and
g. Follows the guidance
				available in the SCHEV Financial Aid Award Letters Policies and Guidance by
				providing a sample of an undergraduate award notification for SCHEV review.
Applications must be approved and all documents must be on
				  file before any funds are disbursed.
Council retains the prerogative to issue conditional approval
				  to participate in the program if deemed necessary and provide a timeframe in
				  which a follow-up review will be conducted before issuing final
				  approval.
All subsequent new programs or site locations must be
				  reported to the council by no later than August 1 of the calendar year
				  preceding the calendar year in which fall term awards would first be available
				  to students in the program or at the new site location.
Virginia Administrative Code › Title 8 - EDUCATION › Agency 40 - STATE COUNCIL OF HIGHER EDUCATION FOR VIRGINIA › Chapter 71 - VIRGINIA TUITION ASSISTANCE GRANT PROGRAM REGULATIONS › Section 8VAC40-71-40 - Student eligibility

Current through Register Vol. 40, No. 24, July 15, 2024
A. Receipt
				of application.
1. Applications submitted in
				person, by facsimile, or by other electronic means, or postmarked by carrier
				mail by the applicable deadline (July 31, September 14, and December 1) of the
				academic year may be deemed as meeting the deadline.
2. If the deadline occurs on a weekend or
				nonbusiness day as recognized by the institution or carrier, the application
				will be deemed as meeting the respective deadline if the application is
				received by the institution by the first business day following the deadline or
				postmarked by carrier mail by the carrier's first business day following the
				deadline.
3. Students who submit an
				application to one institution but enroll into another may still be considered
				to have met the respective deadline if the initial institution can verify
				receipt of the application by the deadline.
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

Current through Register Vol. 40, No. 24, July 15, 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.
Virginia Administrative Code › Title 8 - EDUCATION › Agency 40 - STATE COUNCIL OF HIGHER EDUCATION FOR VIRGINIA › Chapter 80 - POLICIES AND PROCEDURES FOR THE VIRGINIA GRADUATE AND UNDERGRADUATE PROGRAM [REPEALED] › Section 8VAC40-80-10 to 8VAC40-80-60 - Repealed

Current through Register Vol. 40, No. 24, July 15, 2024
Virginia Administrative Code › Title 8 - EDUCATION › Agency 40 - STATE COUNCIL OF HIGHER EDUCATION FOR VIRGINIA › Chapter 90 - VIRGINIA GRADUATE AND UNDERGRADUATE ASSISTANCE PROGRAM REGULATIONS › Section 8VAC40-90-10 - Repealed

Current through Register Vol. 40, No. 24, July 15, 2024
Statutory Authority: § 23-38.19:1 (Repealed) of the
					 Code of Virginia.
Virginia Administrative Code › Title 8 - EDUCATION › Agency 40 - STATE COUNCIL OF HIGHER EDUCATION FOR VIRGINIA › Chapter 90 - VIRGINIA GRADUATE AND UNDERGRADUATE ASSISTANCE PROGRAM REGULATIONS › Section 8VAC40-90-20 - Repealed

Current through Register Vol. 40, No. 24, July 15, 2024
Statutory Authority: § 23-38.19:1 (Repealed) of the
					 Code of Virginia.
Virginia Administrative Code › Title 8 - EDUCATION › Agency 40 - STATE COUNCIL OF HIGHER EDUCATION FOR VIRGINIA › Chapter 90 - VIRGINIA GRADUATE AND UNDERGRADUATE ASSISTANCE PROGRAM REGULATIONS › Section 8VAC40-90-30 - Repealed

Current through Register Vol. 40, No. 24, July 15, 2024
Statutory Authority: § 23-38.19:1 (Repealed) of the
					 Code of Virginia.
Virginia Administrative Code › Title 8 - EDUCATION › Agency 40 - STATE COUNCIL OF HIGHER EDUCATION FOR VIRGINIA › Chapter 90 - VIRGINIA GRADUATE AND UNDERGRADUATE ASSISTANCE PROGRAM REGULATIONS › Section 8VAC40-90-40 - Repealed

Current through Register Vol. 40, No. 24, July 15, 2024
Statutory Authority: § 23-38.19:1 (Repealed) of the
					 Code of Virginia.
Virginia Administrative Code › Title 8 - EDUCATION › Agency 40 - STATE COUNCIL OF HIGHER EDUCATION FOR VIRGINIA › Chapter 90 - VIRGINIA GRADUATE AND UNDERGRADUATE ASSISTANCE PROGRAM REGULATIONS › Section 8VAC40-90-50 - Repealed

Current through Register Vol. 40, No. 24, July 15, 2024
Statutory Authority: § 23-38.19:1 (Repealed) of the
					 Code of Virginia.
Virginia Administrative Code › Title 8 - EDUCATION › Agency 40 - STATE COUNCIL OF HIGHER EDUCATION FOR VIRGINIA › Chapter 90 - VIRGINIA GRADUATE AND UNDERGRADUATE ASSISTANCE PROGRAM REGULATIONS › Section 8VAC40-90-60 - Repealed

Current through Register Vol. 40, No. 24, July 15, 2024
Statutory Authority: § 23-38.19:1 (Repealed) of the
					 Code of Virginia.
Virginia Administrative Code › Title 8 - EDUCATION › Agency 40 - STATE COUNCIL OF HIGHER EDUCATION FOR VIRGINIA › Chapter 130 - Virginia Student Financial Assistance Program Regulations [Repealed] › Part I › Section 8VAC40-130-10

Current through Register Vol. 40, No. 24, July 15, 2024
Statutory Authority: § 23-38.53:4 of the Code of
						Virginia.
Virginia Administrative Code › Title 8 - EDUCATION › Agency 40 - STATE COUNCIL OF HIGHER EDUCATION FOR VIRGINIA › Chapter 130 - Virginia Student Financial Assistance Program Regulations [Repealed] › Part II › Section 8VAC40-130-20

Current through Register Vol. 40, No. 24, July 15, 2024
Statutory Authority: § 23-38.53:4 of the Code of
						Virginia.
Virginia Administrative Code › Title 8 - EDUCATION › Agency 40 - STATE COUNCIL OF HIGHER EDUCATION FOR VIRGINIA › Chapter 130 - Virginia Student Financial Assistance Program Regulations [Repealed] › Part II › Section 8VAC40-130-25

Current through Register Vol. 40, No. 24, July 15, 2024
Statutory Authority: § 23-38.53:4 of the Code of
						Virginia.
Virginia Administrative Code › Title 8 - EDUCATION › Agency 40 - STATE COUNCIL OF HIGHER EDUCATION FOR VIRGINIA › Chapter 130 - Virginia Student Financial Assistance Program Regulations [Repealed] › Part III › Section 8VAC40-130-30

Current through Register Vol. 40, No. 24, July 15, 2024
Statutory Authority: § 23-38.53:4 of the Code of
						Virginia.
Virginia Administrative Code › Title 8 - EDUCATION › Agency 40 - STATE COUNCIL OF HIGHER EDUCATION FOR VIRGINIA › Chapter 130 - Virginia Student Financial Assistance Program Regulations [Repealed] › Part III › Section 8VAC40-130-40

Current through Register Vol. 40, No. 24, July 15, 2024
Statutory Authority: § 23-38.53:4 of the Code of
						Virginia.
Virginia Administrative Code › Title 8 - EDUCATION › Agency 40 - STATE COUNCIL OF HIGHER EDUCATION FOR VIRGINIA › Chapter 130 - Virginia Student Financial Assistance Program Regulations [Repealed] › Part III › Section 8VAC40-130-50

Current through Register Vol. 40, No. 24, July 15, 2024
Statutory Authority: § 23-38.53:4 of the Code of
						Virginia.
Virginia Administrative Code › Title 8 - EDUCATION › Agency 40 - STATE COUNCIL OF HIGHER EDUCATION FOR VIRGINIA › Chapter 130 - Virginia Student Financial Assistance Program Regulations [Repealed] › Part III › Section 8VAC40-130-60

Current through Register Vol. 40, No. 24, July 15, 2024
Statutory Authority: § 23-38.53:4 of the Code of
						Virginia.
Virginia Administrative Code › Title 8 - EDUCATION › Agency 40 - STATE COUNCIL OF HIGHER EDUCATION FOR VIRGINIA › Chapter 130 - Virginia Student Financial Assistance Program Regulations [Repealed] › Part III › Section 8VAC40-130-70

Current through Register Vol. 40, No. 24, July 15, 2024
Statutory Authority: § 23-38.53:4 of the Code of
						Virginia.
Virginia Administrative Code › Title 8 - EDUCATION › Agency 40 - STATE COUNCIL OF HIGHER EDUCATION FOR VIRGINIA › Chapter 130 - Virginia Student Financial Assistance Program Regulations [Repealed] › Part III › Section 8VAC40-130-80

Current through Register Vol. 40, No. 24, July 15, 2024
Statutory Authority: § 23-38.53:4 of the Code of
						Virginia.
Virginia Administrative Code › Title 8 - EDUCATION › Agency 40 - STATE COUNCIL OF HIGHER EDUCATION FOR VIRGINIA › Chapter 130 - Virginia Student Financial Assistance Program Regulations [Repealed] › Part IV › Article 1 › Section 8VAC40-130-90

Current through Register Vol. 40, No. 24, July 15, 2024
Statutory Authority: § 23-38.53:4 of the Code of
						  Virginia.
Virginia Administrative Code › Title 8 - EDUCATION › Agency 40 - STATE COUNCIL OF HIGHER EDUCATION FOR VIRGINIA › Chapter 130 - Virginia Student Financial Assistance Program Regulations [Repealed] › Part IV › Article 1 › Section 8VAC40-130-100

Current through Register Vol. 40, No. 24, July 15, 2024
Statutory Authority: § 23-38.53:4 of the Code of
						  Virginia.
Virginia Administrative Code › Title 8 - EDUCATION › Agency 40 - STATE COUNCIL OF HIGHER EDUCATION FOR VIRGINIA › Chapter 130 - Virginia Student Financial Assistance Program Regulations [Repealed] › Part IV › Article 1 › Section 8VAC40-130-110

Current through Register Vol. 40, No. 24, July 15, 2024
Statutory Authority: § 23-38.53:4 of the Code of
						  Virginia.
Virginia Administrative Code › Title 8 - EDUCATION › Agency 40 - STATE COUNCIL OF HIGHER EDUCATION FOR VIRGINIA › Chapter 130 - Virginia Student Financial Assistance Program Regulations [Repealed] › Part IV › Article 1 › Section 8VAC40-130-120

Current through Register Vol. 40, No. 24, July 15, 2024
Statutory Authority: § 23-38.53:4 of the Code of
						  Virginia.
Virginia Administrative Code › Title 8 - EDUCATION › Agency 40 - STATE COUNCIL OF HIGHER EDUCATION FOR VIRGINIA › Chapter 130 - Virginia Student Financial Assistance Program Regulations [Repealed] › Part IV › Article 2 › Section 8VAC40-130-130

Current through Register Vol. 40, No. 24, July 15, 2024
Statutory Authority: § 23-38.53:4 of the Code of
						  Virginia.
Virginia Administrative Code › Title 8 - EDUCATION › Agency 40 - STATE COUNCIL OF HIGHER EDUCATION FOR VIRGINIA › Chapter 130 - Virginia Student Financial Assistance Program Regulations [Repealed] › Part IV › Article 2 › Section 8VAC40-130-140

Current through Register Vol. 40, No. 24, July 15, 2024
Statutory Authority: § 23-38.53:4 of the Code of
						  Virginia.
Virginia Administrative Code › Title 8 - EDUCATION › Agency 40 - STATE COUNCIL OF HIGHER EDUCATION FOR VIRGINIA › Chapter 130 - Virginia Student Financial Assistance Program Regulations [Repealed] › Part IV › Article 2 › Section 8VAC40-130-150

Current through Register Vol. 40, No. 24, July 15, 2024
Statutory Authority: § 23-38.53:4 of the Code of
						  Virginia.
Virginia Administrative Code › Title 8 - EDUCATION › Agency 40 - STATE COUNCIL OF HIGHER EDUCATION FOR VIRGINIA › Chapter 130 - Virginia Student Financial Assistance Program Regulations [Repealed] › Part IV › Article 2 › Section 8VAC40-130-160

Current through Register Vol. 40, No. 24, July 15, 2024
Statutory Authority: § 23-38.53:4 of the Code of
						  Virginia.
Virginia Administrative Code › Title 8 - EDUCATION › Agency 40 - STATE COUNCIL OF HIGHER EDUCATION FOR VIRGINIA › Chapter 130 - Virginia Student Financial Assistance Program Regulations [Repealed] › Part V › Section 8VAC40-130-170

Current through Register Vol. 40, No. 24, July 15, 2024
Statutory Authority: § 23-38.53:4 of the Code of
						Virginia.
Virginia Administrative Code › Title 8 - EDUCATION › Agency 40 - STATE COUNCIL OF HIGHER EDUCATION FOR VIRGINIA › Chapter 130 - Virginia Student Financial Assistance Program Regulations [Repealed] › Part V › Section 8VAC40-130-180

Current through Register Vol. 40, No. 24, July 15, 2024
Statutory Authority: § 23-38.53:4 of the Code of
						Virginia.
Virginia Administrative Code › Title 8 - EDUCATION › Agency 40 - STATE COUNCIL OF HIGHER EDUCATION FOR VIRGINIA › Chapter 130 - Virginia Student Financial Assistance Program Regulations [Repealed] › Part V › Section 8VAC40-130-190

Current through Register Vol. 40, No. 24, July 15, 2024
Statutory Authority: § 23-38.53:4 of the Code of
						Virginia.
Virginia Administrative Code › Title 8 - EDUCATION › Agency 40 - STATE COUNCIL OF HIGHER EDUCATION FOR VIRGINIA › Chapter 130 - Virginia Student Financial Assistance Program Regulations [Repealed] › Part V › Section 8VAC40-130-200

Current through Register Vol. 40, No. 24, July 15, 2024
Statutory Authority: § 23-38.53:4 of the Code of
						Virginia.
Virginia Administrative Code › Title 8 - EDUCATION › Agency 40 - STATE COUNCIL OF HIGHER EDUCATION FOR VIRGINIA › Chapter 130 - Virginia Student Financial Assistance Program Regulations [Repealed] › Part VI › Section 8VAC40-130-210

Current through Register Vol. 40, No. 24, July 15, 2024
Statutory Authority: § 23-38.53:4 of the Code of
						Virginia.
Virginia Administrative Code › Title 8 - EDUCATION › Agency 40 - STATE COUNCIL OF HIGHER EDUCATION FOR VIRGINIA › Chapter 130 - Virginia Student Financial Assistance Program Regulations [Repealed] › Part VI › Section 8VAC40-130-220

Current through Register Vol. 40, No. 24, July 15, 2024
Statutory Authority: § 23-38.53:4 of the Code of
						Virginia.
Virginia Administrative Code › Title 8 - EDUCATION › Agency 40 - STATE COUNCIL OF HIGHER EDUCATION FOR VIRGINIA › Chapter 130 - Virginia Student Financial Assistance Program Regulations [Repealed] › Part VI › Section 8VAC40-130-230

Current through Register Vol. 40, No. 24, July 15, 2024
Statutory Authority: § 23-38.53:4 of the Code of
						Virginia.
Virginia Administrative Code › Title 8 - EDUCATION › Agency 40 - STATE COUNCIL OF HIGHER EDUCATION FOR VIRGINIA › Chapter 130 - Virginia Student Financial Assistance Program Regulations [Repealed] › Part VII › Section 8VAC40-130-240

Current through Register Vol. 40, No. 24, July 15, 2024
Statutory Authority: § 23-38.53:4 of the Code of
						Virginia.
Virginia Administrative Code › Title 8 - EDUCATION › Agency 40 - STATE COUNCIL OF HIGHER EDUCATION FOR VIRGINIA › Chapter 130 - Virginia Student Financial Assistance Program Regulations [Repealed] › Part VII › Section 8VAC40-130-250

Current through Register Vol. 40, No. 24, July 15, 2024
Statutory Authority: § 23-38.53:4 of the Code of
						Virginia.
Virginia Administrative Code › Title 8 - EDUCATION › Agency 40 - STATE COUNCIL OF HIGHER EDUCATION FOR VIRGINIA › Chapter 130 - Virginia Student Financial Assistance Program Regulations [Repealed] › Part VII › Section 8VAC40-130-260

Current through Register Vol. 40, No. 24, July 15, 2024
Statutory Authority: § 23-38.53:4 of the Code of
						Virginia.
Virginia Administrative Code › Title 8 - EDUCATION › Agency 40 - STATE COUNCIL OF HIGHER EDUCATION FOR VIRGINIA › Chapter 131 - VIRGINIA STUDENT FINANCIAL ASSISTANCE PROGRAM REGULATIONS › Part I - Definitions › Section 8VAC40-131-10 - Definitions (Repealed)

Current through Register Vol. 40, No. 24, July 15, 2024
Statutory Authority: §
												23.1-636 of the Code of
						Virginia.
Virginia Administrative Code › Title 8 - EDUCATION › Agency 40 - STATE COUNCIL OF HIGHER EDUCATION FOR VIRGINIA › Chapter 131 - VIRGINIA STUDENT FINANCIAL ASSISTANCE PROGRAM REGULATIONS › Part II - Use of Funds › Section 8VAC40-131-20 - Use of funds (Repealed)

Current through Register Vol. 40, No. 24, July 15, 2024
Statutory Authority: §
												23.1-636 of the Code of
						Virginia.
Virginia Administrative Code › Title 8 - EDUCATION › Agency 40 - STATE COUNCIL OF HIGHER EDUCATION FOR VIRGINIA › Chapter 131 - VIRGINIA STUDENT FINANCIAL ASSISTANCE PROGRAM REGULATIONS › Part II - Use of Funds › Section 8VAC40-131-30 - Types of assistance (Repealed)

Current through Register Vol. 40, No. 24, July 15, 2024
Statutory Authority: §
												23.1-636 of the Code of
						Virginia.
Virginia Administrative Code › Title 8 - EDUCATION › Agency 40 - STATE COUNCIL OF HIGHER EDUCATION FOR VIRGINIA › Chapter 131 - VIRGINIA STUDENT FINANCIAL ASSISTANCE PROGRAM REGULATIONS › Part III - Undergraduate Financial Assistance › Article 1 - General Information › Section 8VAC40-131-40 - Priority for awards (Repealed)

Current through Register Vol. 40, No. 24, July 15, 2024
Statutory Authority: §
													23.1-636 of the Code of
						  Virginia.
Virginia Administrative Code › Title 8 - EDUCATION › Agency 40 - STATE COUNCIL OF HIGHER EDUCATION FOR VIRGINIA › Chapter 131 - VIRGINIA STUDENT FINANCIAL ASSISTANCE PROGRAM REGULATIONS › Part III - Undergraduate Financial Assistance › Article 1 - General Information › Section 8VAC40-131-50 - Award schedule and award amount restrictions (Repealed)

Current through Register Vol. 40, No. 24, July 15, 2024
Statutory Authority: §
													23.1-636 of the Code of
						  Virginia.
Virginia Administrative Code › Title 8 - EDUCATION › Agency 40 - STATE COUNCIL OF HIGHER EDUCATION FOR VIRGINIA › Chapter 131 - VIRGINIA STUDENT FINANCIAL ASSISTANCE PROGRAM REGULATIONS › Part III - Undergraduate Financial Assistance › Article 1 - General Information › Section 8VAC40-131-60 - Summer session awards (Repealed)

Current through Register Vol. 40, No. 24, July 15, 2024
Statutory Authority: §
													23.1-636 of the Code of
						  Virginia.
Virginia Administrative Code › Title 8 - EDUCATION › Agency 40 - STATE COUNCIL OF HIGHER EDUCATION FOR VIRGINIA › Chapter 131 - VIRGINIA STUDENT FINANCIAL ASSISTANCE PROGRAM REGULATIONS › Part III - Undergraduate Financial Assistance › Article 1 - General Information › Section 8VAC40-131-70 - Refund of awards (Repealed)

Current through Register Vol. 40, No. 24, July 15, 2024
Statutory Authority: §
													23.1-636 of the Code of
						  Virginia.
Virginia Administrative Code › Title 8 - EDUCATION › Agency 40 - STATE COUNCIL OF HIGHER EDUCATION FOR VIRGINIA › Chapter 131 - VIRGINIA STUDENT FINANCIAL ASSISTANCE PROGRAM REGULATIONS › Part III - Undergraduate Financial Assistance › Article 2 - Commonwealth Awards › Section 8VAC40-131-80 - Undergraduate eligibility criteria for an initial award (Repealed)

Current through Register Vol. 40, No. 24, July 15, 2024
Statutory Authority: §
													23.1-636 of the Code of
						  Virginia.
Virginia Administrative Code › Title 8 - EDUCATION › Agency 40 - STATE COUNCIL OF HIGHER EDUCATION FOR VIRGINIA › Chapter 131 - VIRGINIA STUDENT FINANCIAL ASSISTANCE PROGRAM REGULATIONS › Part III - Undergraduate Financial Assistance › Article 2 - Commonwealth Awards › Section 8VAC40-131-90 - Renewability of awards (Repealed)

Current through Register Vol. 40, No. 24, July 15, 2024
Statutory Authority: §
													23.1-636 of the Code of
						  Virginia.
Virginia Administrative Code › Title 8 - EDUCATION › Agency 40 - STATE COUNCIL OF HIGHER EDUCATION FOR VIRGINIA › Chapter 131 - VIRGINIA STUDENT FINANCIAL ASSISTANCE PROGRAM REGULATIONS › Part III - Undergraduate Financial Assistance › Article 2 - Commonwealth Awards › Section 8VAC40-131-100 - Enrollment at multiple institutions and in study abroad programs (Repealed)

Current through Register Vol. 40, No. 24, July 15, 2024
Statutory Authority: §
													23.1-636 of the Code of
						  Virginia.
Virginia Administrative Code › Title 8 - EDUCATION › Agency 40 - STATE COUNCIL OF HIGHER EDUCATION FOR VIRGINIA › Chapter 131 - VIRGINIA STUDENT FINANCIAL ASSISTANCE PROGRAM REGULATIONS › Part III - Undergraduate Financial Assistance › Article 3 - Virginia Guaranteed Assistance Program Awards › Section 8VAC40-131-110 - VGAP eligibility criteria for an initial award (Repealed)

Current through Register Vol. 40, No. 24, July 15, 2024
Statutory Authority: §
													23.1-636 of the Code of
						  Virginia.
Virginia Administrative Code › Title 8 - EDUCATION › Agency 40 - STATE COUNCIL OF HIGHER EDUCATION FOR VIRGINIA › Chapter 131 - VIRGINIA STUDENT FINANCIAL ASSISTANCE PROGRAM REGULATIONS › Part III - Undergraduate Financial Assistance › Article 3 - Virginia Guaranteed Assistance Program Awards › Section 8VAC40-131-120 - Renewability of awards (Repealed)

Current through Register Vol. 40, No. 24, July 15, 2024
Statutory Authority: §
													23.1-636 of the Code of
						  Virginia.
Virginia Administrative Code › Title 8 - EDUCATION › Agency 40 - STATE COUNCIL OF HIGHER EDUCATION FOR VIRGINIA › Chapter 131 - VIRGINIA STUDENT FINANCIAL ASSISTANCE PROGRAM REGULATIONS › Part III - Undergraduate Financial Assistance › Article 3 - Virginia Guaranteed Assistance Program Awards › Section 8VAC40-131-130 - Enrollment at multiple institutions and in study abroad programs (Repealed)

Current through Register Vol. 40, No. 24, July 15, 2024
Statutory Authority: §
													23.1-636 of the Code of
						  Virginia.
Virginia Administrative Code › Title 8 - EDUCATION › Agency 40 - STATE COUNCIL OF HIGHER EDUCATION FOR VIRGINIA › Chapter 131 - VIRGINIA STUDENT FINANCIAL ASSISTANCE PROGRAM REGULATIONS › Part IV - Graduate Financial Assistance › Section 8VAC40-131-140 - Graduate eligibility criteria for an initial award (Repealed)

Current through Register Vol. 40, No. 24, July 15, 2024
Statutory Authority: §
												23.1-636 of the Code of
						Virginia.
Virginia Administrative Code › Title 8 - EDUCATION › Agency 40 - STATE COUNCIL OF HIGHER EDUCATION FOR VIRGINIA › Chapter 131 - VIRGINIA STUDENT FINANCIAL ASSISTANCE PROGRAM REGULATIONS › Part IV - Graduate Financial Assistance › Section 8VAC40-131-150 - Amount of awards (Repealed)

Current through Register Vol. 40, No. 24, July 15, 2024
Statutory Authority: §
												23.1-636 of the Code of
						Virginia.
Virginia Administrative Code › Title 8 - EDUCATION › Agency 40 - STATE COUNCIL OF HIGHER EDUCATION FOR VIRGINIA › Chapter 131 - VIRGINIA STUDENT FINANCIAL ASSISTANCE PROGRAM REGULATIONS › Part IV - Graduate Financial Assistance › Section 8VAC40-131-160 - Renewability of awards (Repealed)

Current through Register Vol. 40, No. 24, July 15, 2024
Statutory Authority: §
												23.1-636 of the Code of
						Virginia.
Virginia Administrative Code › Title 8 - EDUCATION › Agency 40 - STATE COUNCIL OF HIGHER EDUCATION FOR VIRGINIA › Chapter 131 - VIRGINIA STUDENT FINANCIAL ASSISTANCE PROGRAM REGULATIONS › Part IV - Graduate Financial Assistance › Section 8VAC40-131-170 - Enrollment at multiple institutions and in study abroad programs (Repealed)

Current through Register Vol. 40, No. 24, July 15, 2024
Statutory Authority: §
												23.1-636 of the Code of
						Virginia.
Virginia Administrative Code › Title 8 - EDUCATION › Agency 40 - STATE COUNCIL OF HIGHER EDUCATION FOR VIRGINIA › Chapter 131 - VIRGINIA STUDENT FINANCIAL ASSISTANCE PROGRAM REGULATIONS › Part V - Administration › Section 8VAC40-131-180 - Responsibility of the council (Repealed)

Current through Register Vol. 40, No. 24, July 15, 2024
Statutory Authority: §
												23.1-636 of the Code of
						Virginia.
Virginia Administrative Code › Title 8 - EDUCATION › Agency 40 - STATE COUNCIL OF HIGHER EDUCATION FOR VIRGINIA › Chapter 131 - VIRGINIA STUDENT FINANCIAL ASSISTANCE PROGRAM REGULATIONS › Part V - Administration › Section 8VAC40-131-190 - Responsibility of institutions (Repealed)

Current through Register Vol. 40, No. 24, July 15, 2024
Statutory Authority: §
												23.1-636 of the Code of
						Virginia.
Virginia Administrative Code › Title 8 - EDUCATION › Agency 40 - STATE COUNCIL OF HIGHER EDUCATION FOR VIRGINIA › Chapter 131 - VIRGINIA STUDENT FINANCIAL ASSISTANCE PROGRAM REGULATIONS › Part V - Administration › Section 8VAC40-131-200 - Program reviews (Repealed)

Current through Register Vol. 40, No. 24, July 15, 2024
Statutory Authority: §
												23.1-636 of the Code of
						Virginia.
Virginia Administrative Code › Title 8 - EDUCATION › Agency 40 - STATE COUNCIL OF HIGHER EDUCATION FOR VIRGINIA › Chapter 131 - VIRGINIA STUDENT FINANCIAL ASSISTANCE PROGRAM REGULATIONS › Part VI - Discontinued Student Loan Program › Section 8VAC40-131-210 - Terms and conditions of the loans (Repealed)

Current through Register Vol. 40, No. 24, July 15, 2024
Statutory Authority: §
												23.1-636 of the Code of
						Virginia.
Virginia Administrative Code › Title 8 - EDUCATION › Agency 40 - STATE COUNCIL OF HIGHER EDUCATION FOR VIRGINIA › Chapter 131 - VIRGINIA STUDENT FINANCIAL ASSISTANCE PROGRAM REGULATIONS › Part VI - Discontinued Student Loan Program › Section 8VAC40-131-220 - Eligibility criteria (Repealed)

Current through Register Vol. 40, No. 24, July 15, 2024
Statutory Authority: §
												23.1-636 of the Code of
						Virginia.
Virginia Administrative Code › Title 8 - EDUCATION › Agency 40 - STATE COUNCIL OF HIGHER EDUCATION FOR VIRGINIA › Chapter 131 - VIRGINIA STUDENT FINANCIAL ASSISTANCE PROGRAM REGULATIONS › Part VI - Discontinued Student Loan Program › Section 8VAC40-131-230 - Discontinuing student loan programs (Repealed)

Current through Register Vol. 40, No. 24, July 15, 2024
Statutory Authority: §
												23.1-636 of the Code of
						Virginia.
Virginia Administrative Code › Title 8 - EDUCATION › Agency 40 - STATE COUNCIL OF HIGHER EDUCATION FOR VIRGINIA › Chapter 132 - VIRGINIA STUDENT FINANCIAL ASSISTANCE PROGRAM REGULATIONS › Part II - Use of Funds › Section 8VAC40-132-20 - Use of funds

Current through Register Vol. 40, No. 24, July 15, 2024
An institution shall establish and maintain financial
					 records that accurately reflect all program transactions as they occur. The
					 institution shall establish and maintain general ledger control accounts and
					 related subsidiary accounts that identify each program transaction and separate
					 those transactions from all other institutional financial activity. Funds
					 appropriated for undergraduate awards may not be used for graduate awards, and
					 funds appropriated for graduate awards may not be used for undergraduate
					 awards.
Statutory Authority: §
												23.1-636 of the Code of
						Virginia.
Virginia Administrative Code › Title 8 - EDUCATION › Agency 40 - STATE COUNCIL OF HIGHER EDUCATION FOR VIRGINIA › Chapter 132 - VIRGINIA STUDENT FINANCIAL ASSISTANCE PROGRAM REGULATIONS › Part II - Use of Funds › Section 8VAC40-132-30 - Types of assistance

Current through Register Vol. 40, No. 24, July 15, 2024
A. Funds
				  allocated to institutions within the item for student financial assistance in
				  the annual Appropriation Act may be used for:
1. Awards to undergraduate students enrolled
				  at least half-time;
2. Awards to
				  graduate students enrolled full-time. No more than 50% of the institution's
				  graduate grants shall be awarded to students not classified as a domiciliary
				  resident of Virginia;
3. Awards to
				  students enrolled full-time in a dual or concurrent undergraduate and graduate
				  program;
4. Assistantships to
				  graduate students, funds for which must be transferred to the education and
				  general account;
5. Providing the
				  required matching contribution to federal or private student grant aid
				  programs, except for programs requiring work; and
6. Supporting institutional work-study
				  programs, funds for which must be transferred to the education and general
				  account.
Virginia Administrative Code › Title 8 - EDUCATION › Agency 40 - STATE COUNCIL OF HIGHER EDUCATION FOR VIRGINIA › Chapter 132 - VIRGINIA STUDENT FINANCIAL ASSISTANCE PROGRAM REGULATIONS › Part III - Undergraduate Financial Assistance › Article 1 - General Information › Section 8VAC40-132-40 - Priority for awards

Current through Register Vol. 40, No. 24, July 15, 2024
A. Priority
					 for awards will be given to those students who file an application as required
					 by the institution for need-based financial aid by the institutional priority
					 filing date or deadline and completing the verification process, if applicable.
					 Those students who file an application after the institutional priority filing
					 date or deadline may be considered for an award; however, the award will be
					 based on the funds available at the time the award is made and may be based on
					 a new award schedule.
B. Awards
					 shall not be made to students seeking a second or additional baccalaureate
					 degree until the financial aid needs of first degree-seeking students are fully
					 met.
Statutory Authority: §
													23.1-636 of the Code of
						  Virginia.
Virginia Administrative Code › Title 8 - EDUCATION › Agency 40 - STATE COUNCIL OF HIGHER EDUCATION FOR VIRGINIA › Chapter 132 - VIRGINIA STUDENT FINANCIAL ASSISTANCE PROGRAM REGULATIONS › Part III - Undergraduate Financial Assistance › Article 1 - General Information › Section 8VAC40-132-50 - Award schedule and award amount restrictions

Current through Register Vol. 40, No. 24, July 15, 2024
A. Institutions shall construct award
					 schedules to determine priority for and amount of awards, ensuring that the
					 schedule conforms to the conditions and restrictions listed in this subsection.
1. The institution:
a. Must define its neediest
					 students;
b. Must use the same
					 award schedule for all students whose awards are packaged at the same
					 time;
c. Shall not include the
					 assessed tuition and fee surcharge at four-year institutions when calculating
					 the remaining need and financial need of students exceeding 125% of their
					 program length, pursuant to §
													23.1-509 of the Code of
					 Virginia;
d. For students enrolled
					 at multiple institutions or in study abroad programs, shall include as the
					 tuition and required fee component of the cost of attendance the lesser of the
					 amount that would be charged by the home institution for the student's combined
					 enrollment level and the sum of actual tuition and required fees assessed by
					 each institution;
e. May include
					 minimum award amounts for VGAP and Commonwealth Awards;
f. May construct a new award schedule based
					 on the time of packaging and available funds; however, for students whose
					 awards are packaged at the same time, the same schedule shall be used;
					 and
g. Shall define equivalent need
					 between Commonwealth Award and VGAP students.
Virginia Administrative Code › Title 8 - EDUCATION › Agency 40 - STATE COUNCIL OF HIGHER EDUCATION FOR VIRGINIA › Chapter 132 - VIRGINIA STUDENT FINANCIAL ASSISTANCE PROGRAM REGULATIONS › Part III - Undergraduate Financial Assistance › Article 1 - General Information › Section 8VAC40-132-60 - Summer session awards

Current through Register Vol. 40, No. 24, July 15, 2024
Institutions may elect to award during summer sessions;
						however, an award made to assist a student in attending an institution's summer
						session shall be prorated according to the size of comparable awards for
						students with similar financial needs made in that institution's regular
						session.
Statutory Authority: §
													23.1-636 of the Code of
						  Virginia.
Virginia Administrative Code › Title 8 - EDUCATION › Agency 40 - STATE COUNCIL OF HIGHER EDUCATION FOR VIRGINIA › Chapter 132 - VIRGINIA STUDENT FINANCIAL ASSISTANCE PROGRAM REGULATIONS › Part III - Undergraduate Financial Assistance › Article 1 - General Information › Section 8VAC40-132-70 - Refund of awards

Current through Register Vol. 40, No. 24, July 15, 2024
A student who receives an award and who, during a term,
						withdraws from the institution that made the award must surrender the balance
						of the award. In determining the earned portion of the award that the student
						may retain, the institution shall apply the percentage of earned aid resulting
						from the federal Return to Title IV formula to the student's award
						amount.
Statutory Authority: §
													23.1-636 of the Code of
						  Virginia.
Virginia Administrative Code › Title 8 - EDUCATION › Agency 40 - STATE COUNCIL OF HIGHER EDUCATION FOR VIRGINIA › Chapter 132 - VIRGINIA STUDENT FINANCIAL ASSISTANCE PROGRAM REGULATIONS › Part III - Undergraduate Financial Assistance › Article 2 - Commonwealth Awards › Section 8VAC40-132-80 - Undergraduate eligibility criteria for an initial award

Current through Register Vol. 40, No. 24, July 15, 2024
In order to participate, an undergraduate student
						shall:
1. Be enrolled at least
					 half-time into an eligible program on or after the term's census
					 date;
2. Be a domiciliary resident
					 of Virginia;
3. Demonstrate
					 financial need; and
4. Have
					 complied with federal selective service registration requirements, unless the
					 following apply:
a. The requirement to
					 register has terminated or become inapplicable to the student; and
b. The student shows by preponderance of the
					 evidence that failure to register was not a knowing and willful failure to
					 register.
Virginia Administrative Code › Title 8 - EDUCATION › Agency 40 - STATE COUNCIL OF HIGHER EDUCATION FOR VIRGINIA › Chapter 132 - VIRGINIA STUDENT FINANCIAL ASSISTANCE PROGRAM REGULATIONS › Part III - Undergraduate Financial Assistance › Article 2 - Commonwealth Awards › Section 8VAC40-132-90 - Renewability of awards

Current through Register Vol. 40, No. 24, July 15, 2024
Awards may be renewed provided that the student:
1. Maintains satisfactory academic progress;
					 and
2. Continues to meet all of the
					 requirements of 8VAC40-132-80.
Statutory Authority: §
													23.1-636 of the Code of
						  Virginia.
Virginia Administrative Code › Title 8 - EDUCATION › Agency 40 - STATE COUNCIL OF HIGHER EDUCATION FOR VIRGINIA › Chapter 132 - VIRGINIA STUDENT FINANCIAL ASSISTANCE PROGRAM REGULATIONS › Part III - Undergraduate Financial Assistance › Article 2 - Commonwealth Awards › Section 8VAC40-132-100 - Enrollment at multiple institutions and in study abroad programs

Current through Register Vol. 40, No. 24, July 15, 2024
A. A student
					 enrolled concurrently at multiple institutions may receive an award if:
1. The home institution is a VSFAP
					 participating institution;
2. A
					 formal consortium agreement is in place; and
3. The student's combined enrollment is at
					 least half-time.
Virginia Administrative Code › Title 8 - EDUCATION › Agency 40 - STATE COUNCIL OF HIGHER EDUCATION FOR VIRGINIA › Chapter 132 - VIRGINIA STUDENT FINANCIAL ASSISTANCE PROGRAM REGULATIONS › Part III - Undergraduate Financial Assistance › Article 3 - Virginia Guaranteed Assistance Program Awards › Section 8VAC40-132-110 - VGAP eligibility criteria for an initial award

Current through Register Vol. 40, No. 24, July 15, 2024
In order to participate, an undergraduate student
						shall:
1. Be enrolled full-time into
					 an eligible program on or after the term's census date;
2. Be a domiciliary resident of
					 Virginia;
3. Demonstrate financial
					 need;
4. Be a graduate from a
					 Virginia high school.
a. Students obtaining a
					 General Educational Development (GED) certificate are not eligible.
b. Exceptions to graduating from a Virginia
					 high school are granted for students who:
(1)
					 Are dependent children of active-duty military personnel residing outside the
					 Commonwealth of Virginia pursuant to military orders and claiming Virginia on
					 their State of Legal Residence Certificate and satisfying the domicile
					 requirements for such active duty military personnel pursuant §
													23.1-502 of the Code of
					 Virginia;
(2) Have completed a
					 program of home school instruction in accordance with §
													22.1-254.1 of the Code of
					 Virginia; or
(3) Have been excused
					 from school attendance pursuant to subsection B of §
													22.1-254 of the Code of
					 Virginia;
Virginia Administrative Code › Title 8 - EDUCATION › Agency 40 - STATE COUNCIL OF HIGHER EDUCATION FOR VIRGINIA › Chapter 132 - VIRGINIA STUDENT FINANCIAL ASSISTANCE PROGRAM REGULATIONS › Part III - Undergraduate Financial Assistance › Article 3 - Virginia Guaranteed Assistance Program Awards › Section 8VAC40-132-120 - Renewability of awards

Current through Register Vol. 40, No. 24, July 15, 2024
A. Awards
					 for students attending two-year colleges may be renewed for one year while
					 awards for students attending four-year colleges may be renewed for up to three
					 years. Students shall be limited to a cumulative total of four years of
					 eligibility.
Awards may be renewed provided that the undergraduate
						student, for the term in which an award is provided:
1. Is enrolled full-time in an eligible
					 program on or after the term's census date;
2. Is a domiciliary resident of
					 Virginia;
3. Demonstrates continued
					 financial need;
4. Maintains
					 continuous full-time enrollment unless granted an exception for cause by the
					 council.
a. Continuous enrollment shall be
					 recognized as full-time enrollment in each academic period; lack of enrollment
					 or less than full-time enrollment in the summer session or other special
					 sessions offered by the institution does not disqualify the student.
b. A student participating in a cooperative
					 education program or internship that is part of his academic program and a
					 student whose college education is interrupted by a call to military service
					 shall be deemed to have maintained continuous enrollment if he reenrolls no
					 later than the following fall semester after completion of such employment or
					 military service.
c. If an
					 exception is granted by council, council staff will also determine the
					 student's remaining VGAP eligibility within his current class level as well as
					 toward the student's maximum VGAP usage;
5. Annually, prior to the start of the award
					 year,
a. Maintains at least a 2.0 grade point
					 average on a 4.0 scale, or its equivalent; and
b. Maintains satisfactory academic
					 progress;
6. Has
					 complied with federal selective service registration requirements, unless the
					 following apply:
a. The requirement to
					 register has terminated or become inapplicable to the student; and
b. The student shows by preponderance of the
					 evidence that failure to register was not a knowing and willful failure to
					 register.
Virginia Administrative Code › Title 8 - EDUCATION › Agency 40 - STATE COUNCIL OF HIGHER EDUCATION FOR VIRGINIA › Chapter 132 - VIRGINIA STUDENT FINANCIAL ASSISTANCE PROGRAM REGULATIONS › Part III - Undergraduate Financial Assistance › Article 3 - Virginia Guaranteed Assistance Program Awards › Section 8VAC40-132-130 - Enrollment at multiple institutions and in study abroad programs

Current through Register Vol. 40, No. 24, July 15, 2024
A. A student
					 enrolled concurrently at multiple institutions may receive an award if:
1. The home institution is a VSFAP
					 participating institution;
2. A
					 formal consortium agreement is in place; and
3. The student's combined enrollment meets
					 full-time requirements.
Virginia Administrative Code › Title 8 - EDUCATION › Agency 40 - STATE COUNCIL OF HIGHER EDUCATION FOR VIRGINIA › Chapter 132 - VIRGINIA STUDENT FINANCIAL ASSISTANCE PROGRAM REGULATIONS › Part IV - Graduate Financial Assistance › Section 8VAC40-132-140 - Graduate eligibility criteria for an initial award

Current through Register Vol. 40, No. 24, July 15, 2024
A. In order to receive a Commonwealth Award,
				  the graduate student must be enrolled full-time into an eligible program on or
				  after the term's census date.
B. An
				  individual award may be based on financial need but may, in addition to or
				  instead of, be based on other criteria determined by the institution making the
				  award.
Statutory Authority: §
												23.1-636 of the Code of
						Virginia.
Virginia Administrative Code › Title 8 - EDUCATION › Agency 40 - STATE COUNCIL OF HIGHER EDUCATION FOR VIRGINIA › Chapter 132 - VIRGINIA STUDENT FINANCIAL ASSISTANCE PROGRAM REGULATIONS › Part IV - Graduate Financial Assistance › Section 8VAC40-132-150 - Amount of awards

Current through Register Vol. 40, No. 24, July 15, 2024
The amount of an award shall be determined by the
					 institution making the award; however, the institution shall annually notify
					 the council of the maximum size of a graduate award that is paid from funds in
					 the appropriation.
Statutory Authority: §
												23.1-636 of the Code of
						Virginia.
Virginia Administrative Code › Title 8 - EDUCATION › Agency 40 - STATE COUNCIL OF HIGHER EDUCATION FOR VIRGINIA › Chapter 132 - VIRGINIA STUDENT FINANCIAL ASSISTANCE PROGRAM REGULATIONS › Part IV - Graduate Financial Assistance › Section 8VAC40-132-160 - Renewability of awards

Current through Register Vol. 40, No. 24, July 15, 2024
Awards may be renewed provided that the graduate
					 student:
1. Maintains satisfactory
				  academic progress; and
2. Continues
				  to be enrolled full-time.
Statutory Authority: §
												23.1-636 of the Code of
						Virginia.
Virginia Administrative Code › Title 8 - EDUCATION › Agency 40 - STATE COUNCIL OF HIGHER EDUCATION FOR VIRGINIA › Chapter 132 - VIRGINIA STUDENT FINANCIAL ASSISTANCE PROGRAM REGULATIONS › Part IV - Graduate Financial Assistance › Section 8VAC40-132-170 - Enrollment at multiple institutions and in study abroad programs

Current through Register Vol. 40, No. 24, July 15, 2024
A. A student
				  enrolled concurrently at multiple institutions may receive an award if:
1. The home institution is a VSFAP
				  participating institution;
2. A
				  formal consortium agreement is in place; and
3. The student's combined enrollment meets
				  full-time requirements.
Virginia Administrative Code › Title 8 - EDUCATION › Agency 40 - STATE COUNCIL OF HIGHER EDUCATION FOR VIRGINIA › Chapter 132 - VIRGINIA STUDENT FINANCIAL ASSISTANCE PROGRAM REGULATIONS › Part V - Administration › Section 8VAC40-132-180 - Responsibility of the council

Current through Register Vol. 40, No. 24, July 15, 2024
The council shall collect such student specific information
					 for both graduate and undergraduate students as is necessary for the operation
					 of the program and other information deemed necessary by the
					 council.
Statutory Authority: §
												23.1-636 of the Code of
						Virginia.
Virginia Administrative Code › Title 8 - EDUCATION › Agency 40 - STATE COUNCIL OF HIGHER EDUCATION FOR VIRGINIA › Chapter 132 - VIRGINIA STUDENT FINANCIAL ASSISTANCE PROGRAM REGULATIONS › Part V - Administration › Section 8VAC40-132-190 - Responsibility of institutions

Current through Register Vol. 40, No. 24, July 15, 2024
Institutions shall:
1. Provide reports to the council that will
				  include information describing the students served, the awards received, and
				  the number and value of awards. Each institution shall annually report to the
				  council its definition of "neediest" students;
2. Maintain documentation necessary to
				  demonstrate that student awards calculated during the same packaging cycle used
				  the same award schedule;
3. Provide
				  the council with the initial award schedule or formula that will be used to
				  package on-time applications when submitting an annual report; and
4. Upon request by a student transferring to
				  another institution, send to the other institution information about the
				  student's VGAP eligibility.
Statutory Authority: §
												23.1-636 of the Code of
						Virginia.
Virginia Administrative Code › Title 8 - EDUCATION › Agency 40 - STATE COUNCIL OF HIGHER EDUCATION FOR VIRGINIA › Chapter 132 - VIRGINIA STUDENT FINANCIAL ASSISTANCE PROGRAM REGULATIONS › Part V - Administration › Section 8VAC40-132-200 - Program reviews

Current through Register Vol. 40, No. 24, July 15, 2024
The council periodically will review institutional
					 administrative practices to determine institutional program compliance with the
					 Appropriation Act, the Code of Virginia, and this chapter. If a review
					 determines that an institution has failed to comply with the Appropriation Act,
					 the Code of Virginia, and this chapter, the council may withhold approval of
					 expenditure plans for the program until the end of the next session of the
					 General Assembly. No attempt to determine compliance with the Appropriation
					 Act, Code of Virginia, and this chapter should be solely based on information
					 from the financial aid data file submitted annually by institutions.
Statutory Authority: §
												23.1-636 of the Code of
						Virginia.
Virginia Administrative Code › Title 8 - EDUCATION › Agency 40 - STATE COUNCIL OF HIGHER EDUCATION FOR VIRGINIA › Chapter 132 - VIRGINIA STUDENT FINANCIAL ASSISTANCE PROGRAM REGULATIONS › Part VI - Discontinued Student Loan Program › Section 8VAC40-132-210 - Terms and conditions of the loans

Current through Register Vol. 40, No. 24, July 15, 2024
An institution with a loan program established from
					 previous general fund appropriations may continue the loan program, under such
					 terms and rules as the governing board of the institution may prescribe, but
					 shall not expand the loan program with currently appropriated funds. The loan
					 program shall meet the following requirements:
1. In any one award year no student shall
				  receive a loan from the fund of an institution that would result in that
				  student owing a net outstanding amount at the end of that award year in excess
				  of the tuition and required fees charged by the institution;
2. The annual interest rate charged on loans
				  to students from a fund shall be 3.0%;
3. An institution shall make every effort to
				  collect each loan made from its student loan fund using the provisions of the
				  Virginia Debt Collection Act (§
										2.2-4800 et seq. of the Code of
				  Virginia); and
4. The Auditor of
				  Public Accounts shall at least biennially audit and exhibit the account of
				  student loan funds at each institution.
Statutory Authority: §
												23.1-636 of the Code of
						Virginia.
Virginia Administrative Code › Title 8 - EDUCATION › Agency 40 - STATE COUNCIL OF HIGHER EDUCATION FOR VIRGINIA › Chapter 132 - VIRGINIA STUDENT FINANCIAL ASSISTANCE PROGRAM REGULATIONS › Part VI - Discontinued Student Loan Program › Section 8VAC40-132-220 - Eligibility criteria

Current through Register Vol. 40, No. 24, July 15, 2024
In order to be eligible for the student loan program, a
					 student shall meet the criteria of 8VAC40-132-80, 8VAC40-132-90,
					 8VAC40-132-140, and 8VAC40-132-160.
Statutory Authority: §
												23.1-636 of the Code of
						Virginia.