Proposed Funding Infusion for Va. Colleges, Universities

January 11, 2011

Virginia's public colleges and universities will be eligible to apply for $50 million to enhance student enrollment and retention, increase the number of students pursuing science and health-care fields, and boost undergraduate financial aid.

Dan Hix, the State Council of Higher Education for Virginia's finance policy director, said Tuesday that institutions must apply for the funding by submitting proposals to Secretary of Education Gerard Robinson. The grants would go to institutions who propose efforts that line up with the goals of Gov. Bob McDonnell's Commission on Higher Education Reform.

Hix told SCHEV that the proposed budget also includes an additional $25 million to help universities commercialize their research, and $32.6 million would fund capital projects in the second year of the budget biennium.

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