                                 CODE OF VIRGINIA

PROGRAMS ON ECONOMICS EDUCATION AND FINANCIAL LITERACY (§ 23.1-901)

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: 2005, c. 741, § 23-9.2:3.5; 2007, c. 47; 2016, c. 588.