Northam announces $111 million in financial aid help
Governor Ralph Northam recently visited Virginia Tech where he announced Virginia plans to use $111 million in American Rescue Plan funding to increase access to financial aid for low- and moderate-income undergraduate students.
The proposal designates $100 million for public higher education institutions through the State Council for Higher Education in Virginia, and $11 million for private institutions eligible for the Virginia Tuition Assistance Grant program.
“The economic uncertainty of this pandemic has led many to question whether a college degree was still an affordable reality,” Governor Northam said. “Our administration has worked hard to make higher education accessible to every Virginian, and this targeted investment represents a significant stride towards that goal. Increasing access to financial aid will help create more equitable pathways to opportunity and put a world-class education within reach of even more students.”
“In order for Virginia to be the best-educated state in the nation, we must continue to invest in financial aid and improve access to affordable higher education,” Secretary of Education Atif Qarni said. “It is critical that we dedicate federal relief funds to build on our past investments in financial assistance and bolster our education and talent pipelines.”
This proposed investment supplements more than $833 million that will be made available to Virginia colleges and universities through the American Rescue Plan Act’s Higher Education Emergency Relief Fund III. These funds will be received directly by institutions of higher education and must be used for financial assistance for students as well as for qualifying institutional purposes.
“Virginia’s colleges and universities rank amongst the top in the nation, and we must do everything in our power to ensure that all Virginians have equitable access to these institutions, regardless of wealth or income-level,” Senator Mamie Locke, chair of the Senate Finance and Appropriations Higher Education Subcommittee, said. “I am proud of the work we have done in recent years to address the affordability of higher education. The dedication of these federal funds continues those efforts and is particularly impactful during these challenging times for students.”
The governor’s proposal also commits $10 million to enhance the Online Virginia Network, which facilitates online coursework and degrees from George Mason University, Old Dominion University, James Madison University and community colleges.
“Over the last year, we saw students delay or pause their pursuit of higher education during the COVID-19 pandemic,” Delegate Betsy Carr, chair of the House Appropriations Higher Education Subcommittee, said. “This funding signals our dedication to ensuring that students in need of financial aid are able to access it, especially as we confront the ripple effects of the COVID-19 pandemic.”
In May, Governor Northam and General Assembly leaders released a joint statement outlining shared priorities for allocating the $4.3 billion in federal funds available to the commonwealth from the American Rescue Plan. Throughout this week and in advance of the August 2 special session, governor and legislative leaders are highlighting proposals for allocating these funds and have announced $250 million for school modernization and air quality improvements in school buildings, $411.5 million to reduce water pollution and increase access to clean water, $935.6 million to replenish the Unemployment Insurance Trust Fund and accelerate critical upgrades to the Virginia Employment Commission,and $485 million to strengthen Virginia’s behavioral health system.