In its revised version of Sub H.B. 1, the state operating budget for the two years beginning July 1 that was released Tuesday, the House Finance and Appropriations Committee incorporated nearly every change sought by the Association of Independent Colleges and Universities, including an increase in student aid funding for independent-college students from $40 million per year to $60 million.
In addition, the committee made other significant amendments consistent with AICUO’s recommendations, including equal treatment for independent colleges in the Choose Ohio First “STEM” program for scholarships and research fellowships and the proposed Teach Ohio scholarship program.
In addition, the association has received an assurance from the chancellor that, should there be cuts to the operating budget during the biennium, the new block-grant funds will receive the same treatment as the governor’s high-priority, public-college programs, including the State Share of Instruction and the now public-only Ohio College Opportunity Grant (OCOG) program.
The bill is available on-line here.
--Dustin A. Holfinger