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Code of Virginia (Last Updated:July 28, 2020) |
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TITLE 23.1. Institutions of Higher Education; Other Educational and Cultural Institutions |
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SUBTITLE I. General Provisions |
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CHAPTER 2. State Council of Higher Education for Virginia |
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ARTICLE 4. Office of the Qualified Education Loan Ombudsman |
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SECTION 23.1-233. Qualified education loan borrower education course |
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On or before December 1, 2019, the Office of the Qualified Education Loan Ombudsman, in consultation with the Council, shall establish and maintain a qualified education loan borrower education course that shall include educational presentations and materials regarding qualified education loans. Topics covered by the course shall include, but shall not be limited to, key loan terms, documentation requirements, monthly payment obligations, income-driven repayment options, loan forgiveness programs, and disclosure requirements. The course shall be web-based and available to the public at any time. The Office of the Qualified Education Loan Ombudsman may also establish in-person classes. |