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NC S74
Bill
AI Summary
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Allows constituent institutions of the North Carolina community college system to opt out of participation in the William D. Ford Federal Direct Loan Program by adopting a resolution through their board of trustees.
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Requires the State Board to ensure at least one counselor is available at each college to inform students about federal financial assistance programs, including Pell Grants, HOPE and Lifetime Learning Tax Credits, and the William D. Ford Federal Direct Loan Program for participating colleges.
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Permits institutions that have declined participation to rescind their resolution and re-enter the program, but prohibits them from declining participation again after rescinding.
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Becomes effective July 1, 2011.
Legislative Description
Comm. Colleges/Opt Out of Fed'l Loan Program
Last Action
Re-ref Com On Rules and Operations of the Senate
3/9/2011