                                 CODE OF VIRGINIA

EDUCATIONAL LOANS BY PRIVATE INSTITUTION OF HIGHER EDUCATION (§ 6.2-324)

A. As used in this section, &#8220;private institution of higher
education&#8221; means an accredited nonprofit private institution of higher
education in the Commonwealth whose primary purpose is to provide collegiate or
graduate education.

B. Loans made by a private institution of higher education to defray educational
expenses of its students, including tuition, fees, books, supplies, room, board,
and personal expenses, may be enforced as agreed in the contract of
indebtedness.

HISTORY: 1987, c. 622, § 6.1-330.66; 2010, c. 794.