Why 4/5: Establishes a major new $500 million scholarship fund and college access program with ongoing reporting requirements.
This bill establishes the Virginia College Access and Affordability Scholarship Fund with an initial deposit of $500 million. The fund will provide scholarships for higher education students and support college access programs for low-income, first-generation, and at-risk students.
Filed
Prefiled and ordered printed; Offered 01-14-2026 26104912D
Referred to committee
Referred to Committee on Education
Referred to committee
Assigned HED sub: Higher Education
Update
House committee offered
Cleared committee
Reported from Education with substitute and referred to Appropriations (14-Y 7-N)
Substitute adopted
Committee substitute printed 26107450D-H1
Update
Fiscal Impact Statement from Department of Planning and Budget (HB1001)
Update
Left in Committee Appropriations
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Summarized from the official bill text (“Virginia College Access and Affordability Scholarship Fund; established, report.”) · Read the actual bill →