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The Virginia State Board of Education was founded in 1810 when the state of Virginia established a "literary fund" (designed to fund public education throughout the state) and the board of education (at the time, called the Board of Trustees of the Literary Fund) placed in charged of it. [3]
Education in Virginia addresses the needs of students from pre-kindergarten through adult education.Virginia's educational system consistently ranks in the top ten states on the U.S. Department of Education's National Assessment of Educational Progress, with Virginia students outperforming the average in almost all subject areas and grade levels tested. [1]
The Virginia Department of Education is the state education agency of the Commonwealth of Virginia.It is headquartered in the James Monroe Building in Richmond. [1] The department is headed by the Secretary of Education (currently Aimee Guidera), who is a member of the Virginia Governor's Cabinet, and the Superintendent of Public Instruction (currently Lisa Coons), a position that is also ...
SLM Corporation (commonly known as Sallie Mae; originally the Student Loan Marketing Association) is a publicly traded U.S. corporation that provides consumer banking.Its nature has changed dramatically since it was set up in the early 1970s; initially a government entity that serviced federal education loans, it then became private and began offering private student loans.
In 10 years, the loan program experienced 230% growth in the loan portfolio and 130% growth in the loan recipients. Student loan debt in 2019 is the highest it has ever been. According to the latest loan debt statistics, student loan debt has become the second highest consumer debt category behind mortgage debt. [15]
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In 1948, the Virginia General Assembly approved Falls Church's request to form an independent city. FCCPS became an independent school system the following year, on June 27, 1949, when the Virginia State Board of Education authorized its separation from the Fairfax County school system.
Navient was chartered in 1972 as a Government-Sponsored Enterprise (GSE) called Student Loan Marketing Association (nicknamed Sallie Mae). [4] [5] The company was created by Congress to support the student loan program established by the Higher Education Act of 1965. [6]
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