Bill Text: NC S74 | 2011-2012 | Regular Session | Amended
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-Amended.html
GENERAL ASSEMBLY OF NORTH CAROLINA
SESSION 2011
S 2
SENATE BILL 74*
Education/Higher Education Committee Substitute Adopted 2/23/11
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Short Title: Comm. Colleges/Opt Out of Fed'l Loan Program. |
(Public) |
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February 16, 2011
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(d) 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 adopts
a resolution declining to participate in the Program. The State Board shall
ensure that at least one counselor is available at each college 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, andand, for participating colleges, 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 not have the authority to
again decline participation in the Program."
SECTION 2. This act becomes effective July 1, 2011.
