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1995 SESSION

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HJ 486 Study; default rates for Education Loan Authority.

Introduced by: Harry R. Purkey | all patrons    ...    notes | add to my profiles

SUMMARY:

Default rates for Virginia Education Loan Authority. Requests the Secretaries of Education and Finance to study default rates for loans held and serviced by the Virginia Education Loan Authority (VELA). The Secretaries shall consider, among other things, current VELA loan policies and default rates, including default rates for loans for proprietary, public, and private nonprofit schools; default rates and loan policies of other states' education loan authorities; relevant federal statutory and regulatory concerns; and such other related issues they deem appropriate.


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