{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/23.1-618.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/23.1-618.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/23.1-618.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/23.1-618.html"}],"law_id":56789,"edition_id":1,"section_id":56789,"structure_id":14862,"section_number":"23.1-618","catch_line":"Loans to students","history":"1978, c. 745, \u00a7 23-38.10:3; 1991, c. 590; 2016, c. 588.","full_text":"A\n\nAny institution may make loans from its fund only to needy students who might be unable to attend such institution without such loans and who are duly admitted into degree or certificate programs at the institution. Such loans shall be made upon such terms and according to such rules as may be prescribed by the governing board of the institution.B\n\nIn any one academic year, no student shall receive a loan from the fund of an institution that would result in such student owing a net outstanding amount at the end of that year in excess of the tuition and mandatory fees charged by the institution.C\n\nThe rate of interest charged on loans to students from a fund is three percent annually.","order_by":null,"text":{"0":{"id":207804,"text":"Any institution may make loans from its fund only to needy students who might be unable to attend such institution without such loans and who are duly admitted into degree or certificate programs at the institution. Such loans shall be made upon such terms and according to such rules as may be prescribed by the governing board of the institution.","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"next_prefix":"B"},"1":{"id":207805,"text":"In any one academic year, no student shall receive a loan from the fund of an institution that would result in such student owing a net outstanding amount at the end of that year in excess of the tuition and mandatory fees charged by the institution.","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1,"prior_prefix":"A","next_prefix":"C"},"2":{"id":207806,"text":"The rate of interest charged on loans to students from a fund is three percent annually.","type":"section","prefixes":["C"],"prefix":"C","entire_prefix":"C","prefix_anchor":"C","level":1,"prior_prefix":"B"}},"ancestry":[{"id":14862,"edition_id":1,"name":"Student Loan Funds","identifier":"3","label":"article","depth":4,"order_by":1,"parent_id":13397,"metadata":{},"date_created":"2026-06-26 03:50:27","date_modified":"2026-06-26 03:50:27","permalink":{"id":185091,"object_type":"structure","relational_id":14862,"identifier":"3","token":"23.1\/II\/6\/3","url":"\/23.1\/II\/6\/3\/","edition_id":1,"permalink":0,"preferred":1}},{"id":13397,"edition_id":1,"name":"Financial Assistance","identifier":"6","label":"chapter","depth":3,"order_by":1,"parent_id":13112,"metadata":{},"date_created":"2026-06-26 03:44:48","date_modified":"2026-06-26 03:44:48","permalink":{"id":184997,"object_type":"structure","relational_id":13397,"identifier":"6","token":"23.1\/II\/6","url":"\/23.1\/II\/6\/","edition_id":1,"permalink":0,"preferred":1}},{"id":13112,"edition_id":1,"name":"Students and Campus","identifier":"II","label":"subtitle","depth":2,"order_by":1,"parent_id":13111,"metadata":{},"date_created":"2026-06-26 03:44:18","date_modified":"2026-06-26 03:44:18","permalink":{"id":184847,"object_type":"structure","relational_id":13112,"identifier":"II","token":"23.1\/II","url":"\/23.1\/II\/","edition_id":1,"permalink":0,"preferred":1}},{"id":13111,"edition_id":1,"name":"Institutions of Higher Education; Other Educational and Cultural Institutions","identifier":"23.1","label":"title","depth":1,"order_by":1,"parent_id":null,"metadata":{},"date_created":"2026-06-26 03:44:18","date_modified":"2026-06-26 03:44:18","permalink":{"id":184581,"object_type":"structure","relational_id":13111,"identifier":"23.1","token":"23.1","url":"\/23.1\/","edition_id":1,"permalink":0,"preferred":1}}],"structure_contents":[{"id":75258,"structure_id":14862,"section_number":"23.1-617","catch_line":"Definitions","url":"\/23.1-617\/","token":"23.1\/II\/6\/3\/23.1-617","metadata":false},{"id":56789,"structure_id":14862,"section_number":"23.1-618","catch_line":"Loans to students","url":"\/23.1-618\/","token":"23.1\/II\/6\/3\/23.1-618","metadata":false},{"id":67565,"structure_id":14862,"section_number":"23.1-619","catch_line":"Collection of loans","url":"\/23.1-619\/","token":"23.1\/II\/6\/3\/23.1-619","metadata":false},{"id":58332,"structure_id":14862,"section_number":"23.1-620","catch_line":"Biennial audits","url":"\/23.1-620\/","token":"23.1\/II\/6\/3\/23.1-620","metadata":false},{"id":71620,"structure_id":14862,"section_number":"23.1-621","catch_line":"Additional student loan funds","url":"\/23.1-621\/","token":"23.1\/II\/6\/3\/23.1-621","metadata":false}],"previous_section":{"id":75258,"structure_id":14862,"section_number":"23.1-617","catch_line":"Definitions","url":"\/23.1-617\/","token":"23.1\/II\/6\/3\/23.1-617","metadata":false},"next_section":{"id":67565,"structure_id":14862,"section_number":"23.1-619","catch_line":"Collection of loans","url":"\/23.1-619\/","token":"23.1\/II\/6\/3\/23.1-619","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/23.1-618\/","history_text":"

This law was first created in 1978. The record of its establishment is cataloged in chapter 745 of that year\u2019s edition of \u201cActs of Assembly,\u201d the annual state publication listing all changes made to the Code of Virginia in that year. Unfortunately, the 1978 \u201cActs\u201d aren\u2019t available online. It has been modified 2 times. Those modifications are cataloged by \u201cThe Acts of Assembly,\u201d a state publication, by year and chapter. Those modifications that can be read on the General Assembly\u2019s website will be linked accordingly. Those modifications are as follows: in 1991, chapter 590; in 2016, chapter 588<\/a>.<\/p>","references":false,"refers_to":false,"permalink":{"id":185097,"object_type":"law","relational_id":56789,"identifier":"23.1-618","token":"23.1\/II\/6\/3\/23.1-618","url":"\/23.1-618\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/23.1-618\/","token":"23.1\/II\/6\/3\/23.1-618","dublin_core":{"Title":"Loans to students","Type":"Text","Format":"text\/html","Identifier":"\u00a7 23.1-618","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

A.<\/span> Any institution<\/span> may make loans from its fund<\/span> only to needy students<\/span> who might be unable to attend such institution<\/span> without such loans and who are duly admitted into degree or certificate programs at the institution<\/span>. Such loans shall be made upon such terms and according to such rules as may be prescribed by the governing board<\/span> of the institution<\/span>. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

B.<\/span> In any one academic year, no student<\/span> shall receive a loan from the fund<\/span> of an institution<\/span> that would result in such student<\/span> owing a net outstanding amount at the end of that year in excess of the tuition and mandatory fees charged by the institution<\/span>. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

C.<\/span> The rate of interest charged on loans to students<\/span> from a fund<\/span> is three percent annually. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nLOANS TO STUDENTS (\u00a7 23.1-618)\n\nA. Any institution may make loans from its fund only to needy students who might\nbe unable to attend such institution without such loans and who are duly\nadmitted into degree or certificate programs at the institution. Such loans\nshall be made upon such terms and according to such rules as may be prescribed\nby the governing board of the institution.\n\nB. In any one academic year, no student shall receive a loan from the fund of an\ninstitution that would result in such student owing a net outstanding amount at\nthe end of that year in excess of the tuition and mandatory fees charged by the\ninstitution.\n\nC. The rate of interest charged on loans to students from a fund is three\npercent annually.\n\nHISTORY: 1978, c. 745, \u00a7 23-38.10:3; 1991, c. 590; 2016, c. 588.","edition":{"id":1,"name":"2025","slug":"2025","date_created":"2026-06-21 22:39:22","date_modified":"2026-06-21 22:39:22","current":1,"order_by":1,"last_import":null}}