§ 23.1-901 Programs on economics education and financial literacy
A. Public institutions of higher education shall promote the development of student life skills by including the principles of economics education and financial literacy within an existing general education course, the freshman orientation process, or another appropriate venue. Such principles may include instruction concerning personal finance such as credit card use, opening and managing an account in a financial institution, completing a loan application, managing student loans, savings and investments, consumer rights and responsibilities, predatory lending practices and interest rates, consumer fraud, identity theft and protection, and debt management.
B. The Council shall encourage private institutions of higher education to include such principles as part of their student orientation programs.
History
This law was first created in 2005. The record of its establishment is cataloged in chapter 741 of that year’s edition of “Acts of Assembly,” the annual state publication listing all changes made to the Code of Virginia in that year. It has been modified 2 times. Those modifications are cataloged by “The Acts of Assembly,” a state publication, by year and chapter. Those modifications that can be read on the General Assembly’s website will be linked accordingly. Those modifications are as follows: in 2007, chapter 47; in 2016, chapter 588.
2005, c. 741, § 23-9.2:3.5; 2007, c. 47; 2016, c. 588.