Higher educatuonal institutions; to promote certain principles into freshman orientation process. (HB2513)

Introduced By

Del. Dwight Jones (D-Richmond)

Description

Economic education and financial literacy programs at institutions of higher education. Provides that each public two- and four-year institution of higher education must require all first-time entering freshmen to complete a one-hour lecture course on the principles of economics education and financial literacy. The institution may incorporate the course into the orientation process for new students, an existing general education or relevant prerequisite course, or other appropriate venue. The bill expands the subjects that may be covered in such programs to include savings and investments, predatory lending practices and interest rates, consumer fraud, and identity theft and protection. Currently, institutions of higher education are required to make provision to promote the development of student life skills in the areas of economic education and financial literacy through existing general education courses, the freshman orientation process, or another appropriate venue. Read the Bill »

Status

02/19/2007: signed by governor

History