U.Va. Considers Loan for Financial Aid Program

By: Associated Press
By: Associated Press

HERNDON, Va. (AP) -- Patrick Hogan, the university's executive vice president and chief operating officer, disclosed the discussions with a bank at a meeting of a Board of Visitors subcommittee Friday in Herndon.

The university established an endowment last year to help cover the growing costs of the financial aid program, AccessUVa. The Daily Progress reports that the loan would be intended to help meet the program's needs until the endowment is sufficiently large.

Board member Kevin Fay said it takes about 10 years to build an endowment to a useful level.

The cost of the need-based AccessUVa program has quadrupled to $40 million since it was established in 2004.
Information from: The Daily Progress, http://www.dailyprogress.com

WHSV.com is happy to provide a forum for commenting and discussion. Please respect and abide by the house rules:

Keep it clean, keep it civil, keep it truthful, stay on topic, be responsible, no links, share your knowledge, and please suggest removal of comments that violate these standards.

powered by Disqus
50 North Main Street Harrisonburg, VA 22801 540-433-9191 - Switchboard 540-433- 4028 - Fax 540-433-2700 - News Fax

WSVF Public Inspection File

Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 268745891 - whsv.com/a?a=268745891
Gray Television, Inc.