RD509 - State Council of Higher Education for Virginia (SCHEV) Financial Aid Award Letters Policies and Guidance – October 30, 2018

Executive Summary:

Status report on the implementation of the policy and process changes to award letter policies so that the following information is available to the student (1) a breakdown of the components of the institution's cost of attendance, designating billable charges; (2) a clear identification of each award, indicating the type of aid; (3) the use of standardized terminology consistent with the National Association of Student Financial Aid Administrators (NASFAA); and (4) whether awards are conditional and renewal requirement criteria information.