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. Lashrecse D. Aird (D-Petersburg), Del. Lamont Bagby (D-Richmond), 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. John Bell (D-Chantilly), Sen. Jennifer Boysko (D-Herndon), Sen. Monty Mason (D-Williamsburg), Sen. Jennifer McClellan (D-Richmond)

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

Bill Has Failed

History

DateAction
01/06/2016Prefiled and ordered printed; offered 01/13/16 16100304D
01/06/2016Referred to Committee on Commerce and Labor
01/21/2016Assigned C & L sub: Subcommittee #2
01/28/2016Subcommittee recommends continuing to 2017
02/02/2016Continued to 2017 in Commerce and Labor
12/01/2016Left in Commerce and Labor

Duplicate Bills

The following bills are identical to this one: SB52.

Comments

Elizabeth Melson writes:

Refinancing student loans should be more accessible and have very low fixed interest rates.