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2016 SESSION

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SB 52 Virginia Student Loan Refinancing Authority; established, report.

Introduced by: Janet D. Howell | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Virginia Student Loan Refinancing Authority established. Establishes the Virginia Student Loan Refinancing Authority, to be governed by a 10-member board, for the purpose of developing and implementing a program by which each individual who incurred qualified education loan debt as a Virginia student at an institution of higher education in the Commonwealth and who is eligible, on the basis of criteria established by the Authority that are substantially similar to criteria used by private lenders in the Commonwealth to evaluate student eligibility for an unsecured personal loan at market rates, may receive a loan from the Authority to refinance all or part of his qualified education loans, as that term is defined in relevant federal law.

FULL TEXT

• 12/16/15  Senate: Prefiled and ordered printed; offered 01/13/16 16100703D  pdf

HISTORY

• 12/16/15  Senate: Prefiled and ordered printed; offered 01/13/16 16100703D
• 12/16/15  Senate: Referred to Committee on Education and Health
• 01/21/16  Senate: Assigned Education sub: Higher Education
• 01/28/16  Senate: Continued to 2017 in Education and Health (13-Y 0-N)