20 USC 9709 - Coordinated education efforts

U.S Code last checked for updates: May 12, 2024

§ 9709.

Coordinated education efforts

(a)

In general

The Secretary of the Treasury (in this section referred to as the “Secretary”), in coordination with the Secretary of Education, the Secretary of Agriculture (with respect to land-grant colleges and universities), and any other appropriate agency that is a member of the Financial Literacy and Education Commission established under the Financial Literacy and Education Improvement Act (20 U.S.C. 9701 et seq.), shall seek to enhance financial literacy among students at covered educational institutions through—

(1)

the development of initiatives, programs, and curricula that improve student awareness of the short- and long-term costs associated with education loans and other debt assumed while in college, their repayment obligations, and their rights as borrowers; and

(2)

assisting such students in navigating the financial aid process.

(b)

Duties

For purposes of this section, the Secretary, working in conjunction with the Secretary of Education, the Secretary of Agriculture, and the Financial Literacy and Education Commission, shall—

(1)

identify programs that promote or enhance financial literacy for college students, with specific emphasis on programs that impart the knowledge and ability for students to best navigate the financial aid process, including those that involve partnerships between nonprofit organizations, colleges and universities, State and local governments, and student organizations;

(2)

evaluate the effectiveness of such programs in terms of measured results, including positive behavioral change among college students;

(3)

promote the programs identified as being the most effective; and

(4)

encourage covered educational institutions to implement financial education programs for their students, including those that have the highest evaluations.

(c)

Report

(1)

In general

(2)

Content

(3)

Appearance before Congress

(Pub. L. 110–315, title X, § 1042, Aug. 14, 2008, 122 Stat. 3489.)

cite as: 20 USC 9709