6.2-324 - (Effective October 1, 2010) Educational loans by private college or university. - Virginia Statutes

§ 6.2-324. (Effective October 1, 2010) Educational loans by private collegeor university.

A. As used in this section, "private college or university" means aprivate, accredited and nonprofit institution of collegiate education in theCommonwealth whose primary purpose is to provide collegiate or graduateeducation.

B. Loans made by a private college or university in the Commonwealth todefray educational expenses of its students, including tuition, fees, books,supplies, room, board, and personal expenses, may be enforced as agreed inthe contract of indebtedness.

(1987, c. 622, § 6.1-330.66; 2010, c. 794.)