Performance Measure

Agency State Council of Higher Education for Virginia (245) All measures for this agency • Percent of compliance (annually) with the Small Purchase Charge Card (SPCC) program. Maximized compliance with SPCC requirements maximizes the associated cost savings for the Commonwealth. [24511104.005.001] • Number of public institutions of higher education certified by SCHEV as having met all education-related, financial and administrative performance targets as defined in the Higher Education Opportunity Act and the Appropriation Act. [24511104.001.001] • On-time (by November 1) transmission of "cost of education" calculations to the Governor, General Assembly, and public colleges and universities. [24511104.001.002] • Amount of available funds awarded annually to qualified applicants. [24510813.001.001] • Amount of annual private funding to support the program (program receives no state support). [24511009.001.001] • Rate of compliance with the reporting requirements of the federal GEAR UP program. [245.0005] • Amount of annual allocation of state funds for student financial aid. [24510810.001.001] • Amount of annual TAG (Tuition Assistance Grant) appropriation per eligible student [24510810.002.001] • Percent of Council recommendations transmitted to Governor and General Assembly in a timely manner (within three months) following receipt of recommendations from Higher Education Advisory Committee [24511104.001.003] • Average number of working days between receipt and completion of Legislative Action Summaries (LASs) and Fiscal Impact Statements (FISs). [24511104.002.001] • On-time (by November 1) transmission of budget recommendations to the Governor and General Assembly. [24511104.002.002] • Percent of enrollment projections that are accurate. [24511104.003.001] • Percent of vendor invoices paid on or before the "required payment due date" (as defined in Virginia's Prompt Payment Statutes) annually. [24511104.005.003] • Average number of processing days until our formal response to applicants' initial requests for certification to operate in Virginia. [24511105.001.001] • Rate of compliance with the reporting requirements of the federal Improving Teacher Quality State Grant (Title II, No Child Left Behind Act of 2001) program. [24511201.001.001] • Number of economic-opportunity scorecards for non-degree workforce credentials developed. [245.0002] • Percent (level) of overall satisfaction with the agency's annual educational orientation for recent appointees to the governing boards of the public institutions of higher education as reported by attendees. [245.0004] • Percent of institutions' aggregated degree estimates that are accurate. [245.0001] • Number of students who complete their credentials on-time. [245.0003]

Measure Name Amount of annual allocation of state funds for student financial aid.

Measure Last Modified Aug 26 2022 03:55 Measure Last Published Aug 26 2022 04:53 Measure Status Active Data Source and Calculation Student financial aid funds are allocated in the state budget as items within the SCHEV budget; SCHEV offers recommendations annually to the Governor and the General Assembly on projected student need and aid-program funding statewide. This measure reflects the sum of the student-aid programs designated in the Appropriation Act as Scholarships (Program 10810), namely the Tuition Assistance Grant (TAG) Program, the Space Grant Scholarship Program, the Two-year Transfer Grant Program, the New Economy Workforce Credential Program, the Military Survivors Program and the Virginia Women's Institute for Leadership (VWIL) Program. Associated Service Areas SA Code SA Name 10810 Scholarships StandIn X

Measure ID 24510810.001.001 Measure Class Agency Key Measure Type Outcome Year Type State FY Preferred Trend Stable Frequency Annually Statistical Unit Dollars

Baseline and Targets Target Name Date Result Note Baseline 07/01/2021 106468934 Short Target 2023 07/01/2023 160378512 Long Target 2024 07/01/2024 160378512 StandIn X

Measure Results Year Result Explanatory Note 2013 66,385,632.00 2014 69,315,564.00 2015 69,522,665.00 2016 76,027,665.00 2017 79,987,332.00 This amount represents the total allocation for student financial assistance in FY2018. 2018 82,587,332.00 This amount represents the total allocation for student financial assistance in FY2019. 2019 92,258,559.00 This amount represents the total allocation for student financial assistance in FY2020. 2020 2021 2022 126,115,951.00 This amount represents the total allocation for student financial assistance in FY2023. 2023 StandIn X

- Run Date: 04/25/2024 03:53:41