Wednesday, July 23, 2008
The General Assembly is not in session.
Tracking Virginia’s General Assembly
since 2007.
SB510: Higher educational institutions; policies addressing student loan vendors.
Chief Patron
Sen.
Don McEachin (D-9)
Don McEachin
(D-9)
Richmond, VA
Served: 2008–
Progress
 |
Introduced |
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Passed Committee |
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Passed House |
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Passed Senate |
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Signed by Governor |
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Became Law |
Status
03/12/2008: signed by governor
Summary
Institutions of higher education; student lending policies; report. Requires the governing boards of public institutions of higher education to develop policies and procedures for disclosing certain information to students on student lending practices, and to report this information annually to the State Council for Higher Education. This information shall include (i) disclosure of the for-profit status of private vendors, (ii) the criteria used to determine which lenders, if any, are recommended or endorsed by the school, and (iii) explicit notification that students are free to borrow from any lender of their choosing and are not limited to a list offered by the school. Also the bill prohibits public institutions of higher education from entering into exclusive agreements with vendors, and prohibits employees from accepting gifts to induce endorsement of certain vendors.
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Votes were cast on this bill on the following dates for which Richmond Sunlight has video: 01/09/2008, 01/09/2008, 01/24/2008, 01/24/2008, 01/25/2008, 01/28/2008, 01/29/2008, 01/29/2008, 02/01/2008, 02/01/2008, 02/12/2008, 02/25/2008, 02/26/2008, 02/26/2008, 02/29/2008 and 03/06/2008.
Poll Results
No Richmond Sunlight visitors voted on this bill while voting was open.
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Bill Text
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