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Higher ed panel seeking $300 million funding increase

RICHMOND, Va. (AP) — Aiming to slow the steady rise of tuition, Virginia’s coordinating body for higher education is recommending an additional $302 million in state support for public universities and colleges over the next two fiscal years.

On Tuesday, the State Council of Higher Education sent its funding guidance to Gov. Terry McAuliffe and the General Assembly with the message that state funding for higher education has eroded, leaving students and their families to pick up the slack.

The funding recommendations include $86.8 million in additional financial aid, an increase of 60 percent over current levels.

Under the funding recommendations approved Tuesday, tuition increases next fall could be the smallest in years, provided the council’s guidance is heeded by McAuliffe and lawmakers. Tuition is set by individual schools.

 

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