Bill Text: VA HB1008 | 2024 | Regular Session | Prefiled
Bill Title: Higher educational institutions, public; financial value transparency information & acknowledgment.
Spectrum: Partisan Bill (Republican 2-0)
Status: (Introduced) 2024-02-13 - Left in Education [HB1008 Detail]
Download: Virginia-2024-HB1008-Prefiled.html
Be it enacted by the General Assembly of Virginia:
1. That the Code of Virginia is amended by adding a section numbered 23.1-411.1 as follows:
§23.1-411.1. Financial value transparency information and acknowledgement.
A. As used in this section, "academic major" means an academic discipline within a particular undergraduate degree or certificate program consisting of a sequence of specific courses and requirements to which a student commits in pursuing such undergraduate degree or certificate.
B. Each public institution of higher education shall require each student enrolled at such institution to sign, at the time of enrollment or the time such student declares or changes his academic major, an acknowledgement form outlining (i) the total cost, including tuition and mandatory fees, of completing such academic major and (ii) an estimate of the annual income that such student could expect to earn upon completing such academic major, based on the median income potential of such academic major as determined by the Bureau of Labor Statistics of the United States or another reputable source. However, if information relating to the earning potential for any given academic major is not readily available, clause (ii) may be satisfied by reporting "not applicable" on the acknowledgement form.
