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2007 SESSION
Be it enacted by the General Assembly of Virginia:
1. That § 23-9.2:3.5 of the Code of Virginia is amended and reenacted as follows:
§ 23-9.2:3.5. Education programs on economic education and financial literacy.
Virginia public colleges and universities shall make
provisions for the promotion of the development of student life skills through
the inclusion of the principles of economics education and financial literacy
within an existing general education course, the freshman orientation process
or other appropriate venue. These principles may include, but need not be
limited to, instruction concerning personal finance, such as credit card use,
opening and managing an account in a financial institution, completing a loan
application, and managing student loans;, savings and
investments, consumer rights and responsibilities;, predatory
lending practices and interest rates, consumer fraud, identity theft and protection,
and debt management.
The State Council of Higher Education for Virginia shall also encourage private colleges and universities to include such principles as part of their student orientation programs.