In 2007, the Two-Year College Transfer Grant Program (CTG) was passed into law in Virginia to reduce overall costs for degree completion at the baccalaureate level. Under this program, students complete their associate degree at a Virginia public two-year college and then, if they meet eligibility requirements, transfer to a participating Virginia four-year college or university. There are 15 participating public institutions and 27 private, nonprofit institutions. Qualifying students may also receive a monetary CTG award.