Bill Summary for H 7 (2011-2012)

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Bill: COMM. COLLEGES/OPT OUT OF FED'L LOAN PROGRAM.

Summary date: 

Jan 26 2011
S.L. 2012-31

Bill Information:

View NCGA Bill Details2011-2012 Session
House Bill 7 (Public) Filed Wednesday, January 26, 2011
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.
Intro. by Ingle, Cleveland.

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Bill summary

Amends GS 115D-40.1 (Financial Assistance for Community College Students) to allow a community college board of trustees to adopt a resolution declining to participate in the William D. Ford Federal Direct Loan Program (loan program). Community colleges are required to participate in the loan program unless such a resolution is adopted. Makes conforming changes.