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SCHEV & HIGHER ED NEWS

FINANCE PLAN TO FURTHER ALIGN HIGHER EDUCATION FUNDING TO STATE GOALSNew Report Provides a Finance Plan to Further Align Higher Education Funding to State Goals
The report, a Strategic Finance Plan for Virginia: Aligning Higher Education Finances and Strategies is a joint project of Lumina Foundation’s Strategy Labs, HCM Strategists and the State Council of Higher Education for Virginia that began in 2018. The General Assembly also included a directive to develop a finance plan during the 2019 session.

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How the state plans to get more financial aid to the students who need it mostFixing the Formula: How the State Plans to Get More Financial Aid to the Students Who Need It Most
"New changes to the formula that determines how much financial aid money colleges get from the state will redirect money to low-income students," reports the Virginia Mercury.




Review of State Financial Aid and 2020-22 Higher Education Budget and Policy RecommendationsVirginia Receives $500,000 Lumina Foundation Grant to Help Close Gaps in Educational Attainment
A $500,000 educational equity grant by Indianapolis-based Lumina Foundation will help the Commonwealth of Virginia increase educational achievement for students of color by 5 percentage points over the next four years. Virginia is focusing on students who have traditionally been left behind, as it works toward its goal of being the best-educated state by 2030.

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