A. A public institution of higher education that receives federal education loan information for a student enrolled in the institution shall provide to the student, at least once during each academic year, the following up-to-date information: (i) an estimate of (a) the student's total amount of federal education loans, (b) the student's total potential loan repayment amount, including principal and interest, for the total amount of federal education loans, and (c) the student's monthly loan repayment amounts for the total amount of federal education loans and (ii) the percentage of the aggregate borrowing limit the student has reached, unless such information is unavailable.
B. No public institution of higher education shall incur liability for providing information to a student in accordance with this section.
2018, c. 589.
Structure Code of Virginia
Title 23.1 - Institutions of Higher Education; Other Educational and Cultural Institutions
Chapter 4 - General Provisions
§ 23.1-400. Student organizations; rights and recognition
§ 23.1-401. Restrictions on student speech; limitations
§ 23.1-401.1. Constitutionally protected speech; policies, materials, and reports; report
§ 23.1-401.2. Student journalists; freedom of speech and the press
§ 23.1-403. Access to campus and student directory provided to certain persons and groups
§ 23.1-404. Retention of student birth certificates authorized
§ 23.1-405. Student records and personal information; social media
§ 23.1-406. Reporting of certain students issued student visas
§ 23.1-407. Reporting of enrollment information to Sex Offender and Crimes Against Minors Registry
§ 23.1-407.1. Admissions applications; criminal history
§ 23.1-408. Annual reporting of the use of student fees
§ 23.1-409. Transparency in higher education information
§ 23.1-409.1. Supplemental Nutrition Assistance Program; notice to students
§ 23.1-410. Student loan vendors