GENERAL ASSEMBLY OF NORTH CAROLINA
HOUSE BILL 7
AN ACT To provide that constituent Institutions of the North Carolina community College System may Opt Out of participation in the William D. Ford Federal Direct Loan Program.
The General Assembly of North Carolina enacts:
SECTION 1. G.S. 115D‑40.1 reads as rewritten:
"§ 115D‑40.1. Financial Assistance for Community College Students.
(d) Participation in
Federal Loan Programs. – All community colleges shall participate in the
William D. Ford Federal Direct Loan
Program.Program, unless the board
of trustees of an institution adopts a resolution declining to participate in
the Program. The State Board shall ensure that at least one counselor is
available at each college to inform students about federal programs and funds
available to assist community college students, including, but not limited to,
Pell Grants, HOPE and Lifetime Learning Tax Credits, and and, for
participating colleges, the William D. Ford Federal Direct Loan Program,
and to actively encourage students to utilize these federal programs and funds.
The board of trustees of any institution that has declined to participate in
the William D. Ford Federal Direct Loan Program through the adoption of a
resolution may rescind the resolution and participate in the Program but shall
not have the authority to again decline participation in the Program."
SECTION 2. This act becomes effective July 1, 2011.
In the General Assembly read three times and ratified this the 5th day of April, 2011.
Walter H. Dalton
President of the Senate
Speaker of the House of Representatives
Beverly E. Perdue
Approved __________.m. this ______________ day of ___________________, 2011