HB694:

Commonwealth College Completion Fund and Program; established.

Bill Summary:

Commonwealth College Completion Fund and Program;
established. Establishes the Commonwealth College Completion
Fund (the Fund) and Program (the Program) for the purpose of administering
funds to students enrolled as full-time or part-time students at
public and nonprofit private institutions of higher education in the
Commonwealth. Under the bill, such funds shall be administered to
assist students with satisfying non-tuition financial transactions
and costs that are preventing such students from reenrolling or signing
up for courses with the institution required to complete the student's
certification or degree. The bill requires the State Council of Higher
Education for Virginia to administer the Program and with input from
the institutions of higher education, set guidelines for (i) what
types of financial transactions and costs are eligible to be covered
through the Program, (ii) criteria that students must satisfy to
be eligible for the Program; and (iii) any limits on money to be
disbursed through the Fund per person or per covered cost.