2024 Session

Budget Amendments - HB30 (Floor Approved)

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SCHEV - Restore Student Loan Ombudsman

Item 132 #1h

Item 132 #1h

First Year - FY2025 Second Year - FY2026
Education: Higher Education
State Council of Higher Education for Virginia FY2025 $174,000 FY2026 $174,000 GF

Page 191, line 6, strike "$46,104,707" and insert "$46,278,707".
Page 191, line 6, strike "$28,382,518" and insert "$28,556,518".

Page 194, after line 12, insert:

"S. As a condition of this appropriation, $174,000 and one position the first year and $174,000 and one position the second year from the general fund is designated for the establishment of a student loan ombudsman to provide timely assistance to student borrowers of any student education loan in the Commonwealth. The ombudsman will also be responsible for establishing and maintaining an online student loan borrower education course, which would cover key loan terms, documentation requirements, monthly payment obligations, income-based repayment options, loan forgiveness, and disclosure requirements."


(This amendment provides funding to restore the student loan ombudsman.)