Wednesday, October 26, 2011

Proposed Tuition Increases in VA

Can someone explain this to me? The Virginia Higher Education Opportunity Act is supposed to "in­crease enrollment, the number of degrees earned and the pursuit of science, technology and health­related fields," but the "state would need $164.1 million in non-general fund rev­enue over the 2012-14 biennium, in the form of tuition increases of 3 percent to 5 percent annually."

So let me get this right--the state wants more students enrolling to pay higher costs for college. And, most of the current and future students will need to take out loans, unless Mommy and Daddy are rich or working five jobs.

Am I interpreting this article correctly?

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Higher-ed agency makes recommendations

The Associated Press

RICHMOND — A state agency is recommending that $363.5 million be spent over the next budget cycle to fund public colleges and univer­sities as they phase in the Virginia Higher Education Opportunity Act. The State Council of Higher Edu­cation for Virginia also said Tuesday that the state would need $164.1 million in non-general fund rev­enue over the 2012-14 biennium, in the form of tuition increases of 3 percent to 5 percent annually.

The act includes efforts to in­crease enrollment, the number of degrees earned and the pursuit of science, technology and health­related fields to prepare Virginians for high-demand jobs and boost the state’s economy. The push was part of Gov. Bob McDonnell’s high­er- education legislative agenda this year.

SCHEV recommends that the governor and the General Assem­bly appropriate $51.2 million from the general fund and $41 million from non-general funds in the 2013 fiscal year to cover the baseline cost of operations, enrollment growth, hiring faculty and other needs.
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