Community college students could complete their four-year university degree at two-year college prices under a recommendation approved today by the State Council of Higher Education for Virginia.
The council backed a proposal from the Virginia Community College System that would expand an existing grant program to cover the difference between two-year tuition with that of a public four-year school. Students transferring to a private, nonprofit school would receive an award equal to the average charge of public institutions.
SCHEV estimates the proposal will cost an additional $8.8 million in the 2015 fiscal year and $10 million the following year.
The proposal was included in budget recommendations for the 2014-16 biennium that total about $380.4 million in new spending from the state General Fund for higher education.