Monday, October 24, 2016

Nota Bene: Virginia Tuition Assistance Grant

As we advance through the semester, we're reminded of the importance of accessibility and affordability for our students enrolled at Virginia Wesleyan. These are twin themes I have often stressed in my communications, and one of the most important avenues to these goals is the Commonwealth of Virginia Tuition Assistance Grant (TAG) program.

This vital program is a needed and beneficial way for students across the Commonwealth of Virginia—including those enrolled at Virginia Wesleyan—to afford their educations at private colleges and universities. Although we know that generous institutional aid through scholarships helps to offset cost of attendance, the TAG program has, since 1972, provided additional, critical financial support.

According to the Council of Independent Colleges in Virginia (CICV), approximately 23,000 Virginia residents will receive non-need- based tuition grants of $3,200 (undergraduate) and $1,600 (graduate students in health professions) during 2016-17.

At Virginia Wesleyan, 840 students have received over $1,341,000 in TAG support for the fall term. By spring, we’ll have received a projected $2,682,720 from the Virginia TAG program. That's a significant percentage of our students, and an essential investment in their future.

As SCHEV, the State Council of Higher Education for Virginia, finalizes budget recommendations for TAG going forward, the Council has been asked to support funding which would provide a $3,400 TAG award in 2017-18—a modest increase. Just last week I sent a series of letters to several Council members encouraging SCHEV to include additional funding in its recommendation to mitigate SCHEV’s projected shortfall of $4 million for the next biennium.

Clearly the TAG program is, and should remain, a valued component of students' financial-aid opportunities.

To learn more about this essential program and how you can take action, visit
www.cicv.org. We are grateful on our students’ behalf for this important investment in their future success.