ERIC Number: ED343483
Record Type: RIE
Publication Date: 1987-Nov
Reference Count: N/A
Restructuring Financial Aid in Virginia. A Study Conducted by the State Council of Higher Education for Virginia.
Virginia State Council of Higher Education, Richmond.
This document reports on higher education student financial aid in Virginia describing its current structure, proposing a new philosophy for its organization, and recommending steps for reform. The opening chapter proposes a new philosophy for student aid which assumes shared responsibility for cost between the student and society, consideration of families' ability to contribute to educational costs, primary state responsibility to the less financially secure, loans as a supplemental form of assistance, and aid targeted to meet the needs of different segments of society. Recommendations for implementation of such a philosophy are included. Chapter 2 provides an overview of current financial aid in Virginia noting funding trends, participation rates, federal programs, state programs, and student characteristics. Chapter 3 offers a proposal for a state tuition savings bond program after reviewing state and national plans currently being publicly discussed where parents can either pre-pay their children's future college tuition at current prices or accumulate funds for their higher education expenses. Chapter 4 describes a proposed work study program. Chapter 5 discusses ways to contain higher education costs and prices. Included are 14 tables. (JB)
Descriptors: Access to Education, Economically Disadvantaged, Educational Finance, Higher Education, Need Analysis (Student Financial Aid), Paying for College, Policy Formation, Scholarship Funds, Student Costs, Student Employment, Student Financial Aid, Student Loan Programs, Tuition, Work Study Programs
Publication Type: Reports - Evaluative
Education Level: N/A
Authoring Institution: Virginia State Council of Higher Education, Richmond.