2022 Session

Budget Amendments - HB30 (Committee Approved)

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Sec Ed - Debt Collection Policies (language only)

Item 128 #1h

Item 128 #1h

Higher Education
Secretary of Education


Page 118, after line 24,insert:

"C. The Secretary of Education, in  collaboration with the Office of Attorney General, Debt Collection Division, and with the cooperation and assistance of the State Council of Higher Education for Virginia and public institutions of higher education and their affiliated entities, shall evaluate and submit to the General Assembly no later than December 1, 2022, a report on student debt collection practices and policies at public institutions of higher education in the Commonwealth.  Such report shall include, but not be limited to, (i) the age of the debt, (ii) the institutional practices or policies governing student debt and the ability of the student to receive a transcript, (iii) student demographic factors of the student such as race, age, domicile, income, and whether or not the student is a first generation college student, (iv) the unique circumstances that led to the student's debt in the first place, (v) similar practices and policies in neighboring states, (vi) financial counseling students receive upon entering the institution, and (vii) financial counseling students receive when preparing to leave the institution."


(This amendment provides for an evaluation of student debt policies and practices at public institutions of higher education.)