|BLACKSBURG—Governor Ralph Northam today visited Virginia Tech where he announced that 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,” said Governor Northam. “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,” said Secretary of Education Atif Qarni. “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,” said Senator Mamie Locke, Chair of the Senate Finance and Appropriations Higher Education Subcommittee. “I am proud of the work that 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,” said Delegate Betsy Carr, Chair of the House Appropriations Higher Education Subcommittee. “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.”
“Today, we are following through on our commitment to Virginia’s students and investing not simply in financial aid but in the Commonwealth’s future,” said Delegate Chris Hurst, member of the House Appropriations Higher Education Subcommittee. “This funding will open the doors for higher education to low- and middle-income Virginians across the Commonwealth.”
“Higher education faced numerous challenges over the past 16 months and it was an especially difficult time for our students,” said Timothy Sands, President of Virginia Polytechnic Institute and State University. “For many who were already facing financial strain, the impact of COVID-19 threatened to push their higher education dream out of reach. We are grateful to the Governor and General Assembly for these additional funds to support financial aid at this critical time, and for their continued investment in the future of our students and the Commonwealth.”
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 2nd 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