A. Eligible institutions shall reduce a student’s state financial aid eligibility by the amount of the grant awarded pursuant to this article.

Terms Used In Virginia Code 23.1-627

  • Grant: means the amount of financial assistance awarded under this article whether disbursed by warrant directly to an eligible institution or directly to a Virginia student. See Virginia Code 23.1-622
  • State: when applied to a part of the United States, includes any of the 50 states, the District of Columbia, the Commonwealth of Puerto Rico, Guam, the Northern Mariana Islands, and the United States Virgin Islands. See Virginia Code 1-245

B. Grants shall not be reduced by virtue of an eligible student’s receipt of any other financial aid from any other source except when the total of the grant and such other financial aid would enable the student to receive total financial assistance in excess of the estimated cost to the student of attending the institution in which he is enrolled.

2007, cc. 850, 899, § 23-38.10:13; 2016, c. 588.