Higher Education Funding Proposal Announced In Va.
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RICHMOND, Va. — Gov. Bob McDonnell is proposing more than $183 million in increased state funding over the next two-year budget cycle for higher education.
The governor announced the proposals on Wednesday.
Most of the increase will go directly to higher education institutions for both base operations, financial aid and performance awards for meeting certain benchmarks.
The proposals also include funding for tuition assistance grants, as well as support for workforce development programs and higher education consortiums.
McDonnell also is proposing funding for research at Virginia Commonwealth University, the University of Virginia, Virginia Tech and Old Dominion University.
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