Virginia Student Loan Refinancing Authority; established, report. (SB52)
Introduced By
Sen. Janet Howell (D-Reston) with support from 9 copatrons, whose average partisan position is:
Those copatrons are Del. Kaye Kory (D-Falls Church), Del. Marcus Simon (D-Falls Church), Sen. Adam Ebbin (D-Alexandria), Sen. Barbara Favola (D-Arlington), Sen. Mamie Locke (D-Hampton), Sen. Dave Marsden (D-Burke), Sen. Don McEachin (D-Richmond), Sen. Scott Surovell (D-Mount Vernon), Sen. Jennifer Wexton (D-Leesburg)
Progress
✓ |
Introduced |
✗ |
Passed Committee |
☐ |
Passed House |
☐ |
Passed Senate |
☐ |
Signed by Governor |
☐ |
Became Law |
Description
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. Read the Bill »
Outcome
History
Date | Action |
---|---|
12/16/2015 | Prefiled and ordered printed; offered 01/13/16 16100703D |
12/16/2015 | Referred to Committee on Education and Health |
01/21/2016 | Assigned Education sub: Higher Education |
01/28/2016 | Continued to 2017 in Education and Health (13-Y 0-N) (see vote tally) |
12/02/2016 | Left in Education and Health |
Comments
Refinancing student loans should be more accessible and have very low fixed interest rates.