Virginia Student Loan Refinancing Authority; established, report. (HB400)

Introduced By

Del. Marcus Simon (D-Falls Church) with support from 20 copatrons, whose average partisan position is:

Those copatrons are Del. Betsy Carr (D-Richmond), Del. Glenn Davis (R-Virginia Beach), Del. Eileen Filler-Corn (D-Fairfax Station), Del. Steve Heretick (D-Portsmouth), Del. Patrick Hope (D-Arlington), Del. Mark Keam (D-Vienna), Del. Kaye Kory (D-Falls Church), Del. Paul Krizek (D-Alexandria), Del. Delores McQuinn (D-Richmond), Del. Kathleen Murphy (D-McLean), Del. Ken Plum (D-Reston), Del. Cia Price (D-Newport News), Del. Sam Rasoul (D-Roanoke), Del. Vivian Watts (D-Annandale), Sen. Lashrecse D. Aird (D-Petersburg), Sen. Lamont Bagby (D-Richmond), Sen. John Bell (D-Chantilly), Sen. Jennifer Boysko (D-Herndon), Sen. Monty Mason (D-Williamsburg), Sen. Jennifer McClellan (D-Richmond)

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