Vivian’s Views: Higher Education
My Commitment
To You
Virginia has some of the best colleges and universities in the nation. We must make sure that this excellence continues and that there is room for all qualified students coming from Northern Virginia. All post-high school education must be available based on the student’s skill and academic ability – not on ability to pay – through financial aid and alternatives to residential universities. Relevant certification and licensure programs need to be expanded.
COST
Over the last two decades in Virginia, state funding of higher education has dropped from covering 2/3 of the cost of an in-state undergrad student’s education to less than 1/2. This decline combined with college programing decisions have driven tuition increases significantly above inflation. By the academic year ending in 2015, in-state undergrad tuition and fees at Virginia institutions ranked- 6th highest in the nation for non-doctoral institutions,
- 13th highest for doctoral/research institutions, and
- 17th highest for community college.
STUDENT DEBT
Nationwide student debt totaled nearly $1.5 trillion by March 2019, double what was owed 10 years ago. To the degree that, as a state, Virginia can increase oversight over federally administered practices, I strongly support strengthened oversight of student loans and servicers, particularly in how payments are applied to reduce the principle, interest accrual, control of interest rates, oversight of payment schedules related to income, and honoring public service or employment in critical fields to reduce or eliminate loans. In addition, the availability of loans to attend any non-public institution should be tied to the intuition’s graduation and employments rates.OPPORTUNITY
Diverse higher education options are critical in strengthening Virginia’s economy, as well as closing employment equity gaps and offering socioeconomic mobility. A comprehensive study revealed that 50-65% of the 1.5 million job vacancies over the next decade in Virginia will require less than a bachelor’s degree but more than a high school diploma. The building trades and health technology make up most of the demand, but the top need is in every aspect of computer security. We must continue efforts launched by that study to develop relevant post-high school professional credentials through community college and state-certified apprentice programs and to support young persons leaving the military to convert their military training into civilian degrees and credentialing. In 2019, Virginia was ranked by CNBC as the #1 State for Business using a combined weighting of ten factors. Virginia’s top rankings were both related to education. We ranked first in the nation in the quality of our workforce and first in our education program from kindergarten through advanced degrees. It was Virginia’s commitment to enhance higher education STEM degrees ( not cash incentives as were offered by other states) that was the major element in Amazon’s decision to locate headquarter operations in Virginia. Their decision will influence other major employers as Virginia continues its recent aggressive marketing to diversify our economy from 30% being tied to federal spending. Higher Education is the path to Virginia’s economic future — as much as it is to personal opportunity and human progress.