Bill Text: NC S74 | 2011-2012 | Regular Session | Introduced
Bill Title: Comm. Colleges/Opt Out of Fed'l Loan Program
Spectrum: Strong Partisan Bill (Republican 14-1)
Status: (Introduced - Dead) 2011-03-09 - Re-ref Com On Rules and Operations of the Senate [S74 Detail]
Download: North_Carolina-2011-S74-Introduced.html
GENERAL ASSEMBLY OF NORTH CAROLINA
SESSION 2011
S D
SENATE DRS55051-MH-5B* (01/04)
Short Title: Comm. Colleges/Opt Out of Fed'l Loan Program. |
(Public) |
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Sponsors: |
Senator Gunn. |
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Referred to: |
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A BILL TO BE ENTITLED
AN ACT To provide that constituent Institutions of the North Carolina community College System may Opt Out of participation in the William D. Ford Federal Direct Loan Program.
The General Assembly of North Carolina enacts:
SECTION 1. G.S. 115D‑40.1 reads as rewritten:
"§ 115D‑40.1. Financial Assistance for Community College Students.
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(d) Participation in Federal Loan Programs. – All
community colleges shall participate in the William D. Ford Federal Direct Loan
Program.Program, unless the board of trustees of an institution by
resolution adopted declines to participate in the Program. The State Board
shall ensure that at least one counselor is available at each college
participating in the William D. Ford Federal Direct Loan Program to inform
students about federal programs and funds available to assist community college
students, including, but not limited to, Pell Grants, HOPE and Lifetime
Learning Tax Credits, and the William D. Ford Federal Direct Loan Program, and
to actively encourage students to utilize these federal programs and funds.
The board of trustees of any institution that has declined to participate in
the William D. Ford Federal Direct Loan Program through the adoption of a
resolution may rescind the resolution and participate in the Program, but shall
thereafter no longer have the option of declining further participation in the
Program. "
SECTION 2. This act is effective when it becomes law.