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You are here: Home / scicu-news-releases / Governor Signs State Spending Bill

Governor Signs State Spending Bill

June 24, 2014 By SC Independent Colleges & Universities

govhaleyAfter months of budget hearings, committee meetings, floor debates, and vetoes, the $7 billion general fund budget became law on July 1.

For programs of interest to the independent higher education community, the final version of the budget adds $258,784 in lottery funds to the Higher Education Tuition Grants Commission. The additional funds, along with an increased share of state need-based grants, will allow the agency to increase the maximum Tuition Grant from $2,900 to $3,000 for academic year beginning this fall.

The Tuition Grants Commission will receive more than $36 million in general and lottery appropriations during FY 2014-15. Thanks to the committed efforts of the Governor and General Assembly over 13,500 South Carolina residents will receive financial assistance to attend one of the state’s 21 private non-profit colleges or universities.

This year’s budget fully funds the state’s merit scholarship programs and directs an additional $2.6 million in nonrecurring state appropriations to the need-based grants program at the Commission on Higher Education. The Tuition Grants Commission will receive a proportionate share-approximately $400,000-of the new money allocated to CHE’s need-based grants.

PASCAL, the Partnership Among South Carolina Academic Libraries, was given #1 priority consideration for up to $1.5 million in excess unclaimed lottery prize money above the $8.0 million certified level.

Filed Under: scicu-news-releases

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  • Home
  • About
    ▼
    • Who We Are
    • Programs
    • Quick Facts
    • Meet Our Team
    • Board of Trustees
    • 2020 Excellence in Teaching Awards
    • Business Partners
    • Newsroom
  • Colleges
    ▼
    • Allen University
    • Anderson University
    • Benedict College
    • Charleston Southern University
    • Claflin University
    • Coker University
    • Columbia College
    • Columbia International University
    • Converse College
    • Erskine College
    • Furman University
    • Limestone University
    • Morris College
    • Newberry College
    • North Greenville University
    • Presbyterian College
    • Southern Wesleyan University
    • Spartanburg Methodist College
    • Voorhees College
    • Wofford College
  • Students
    ▼
    • Why Choose a SC Private College?
    • How to Pay for College
    • 2019-2020 Digital College Guide
    • Resources and Links
  • Advocacy
    ▼
    • Legislative Alerts
    • Bills of Interest
  • Events
  • Publications
    ▼
    • College Guide
    • SCICU News & Notes
    • Legislative Priorities and Strategic Plans
    • Annual Report
    • Financial Statement August 31st
    • IRS Form 990
  • Contact
  • Make A Gift