States / Virginia / SB 167

SB 167 Enacted

Higher ed. financial aid programs; amends provisions, Va. Commonwealth Award established, report.

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CHAPTER 273

An Act to amend and reenact §§ 23.1-636 and 23.1-638 of the Code of Virginia, to amend the Code of Virginia by adding in Article 6 of Chapter 6 of Title 23.1 a section numbered 23.1-638.1 , and to repeal § 23.1-637 of the Code of Virginia, relating to public institutions of higher education; financial aid review and consolidation; Virginia Guaranteed Assistance Program and Fund; Virginia Commonwealth Award established; work group; report.

[S 167]

Approved April 6, 2026

Be it enacted by the General Assembly of Virginia:

1. That §§ 23.1-636 and 23.1-638 of the Code of Virginia are amended and reenacted and that the Code of Virginia is amended by adding in Article 6 of Chapter 6 of Title 23.1 a section numbered 23.1-638.1 as follows:

Article 6.

Virginia Guaranteed Assistance Program and Fund. Virginia Commonwealth Award.

§ 23.1-636 . Virginia Commonwealth Award; definitions; Council to adopt regulations.

A. As used in this article:

"Census date" means the point at which a student's credit hour enrollment is locked for financial aid purposes and financial aid for the term is adjusted to reflect the official number of attempted credit hours.

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