Bill

Bill > H1210


MA H1210

Relative to student debt


summary

Introduced
01/22/2019
In Committee
01/22/2019
Crossed Over
Passed
Dead
12/31/2020

Introduced Session

191st General Court

Bill Summary

Relative to providing notices of the total outstanding or pending loan obligations for University of Massachusetts students. Higher Education.

AI Summary

This bill requires the University of Massachusetts, in consultation with the state treasurer's office and the Department of Higher Education, to develop a pilot program on a single campus that provides enrolled students with an estimate of their total outstanding or pending student loan obligations. The notice would include an estimate of the total amount of education loans incurred by the student, an estimate of the total potential payoff amount or a range of the total payoff amount, and an estimate of the monthly repayment amounts that a similarly situated borrower may incur, including principal and interest. The University of Massachusetts must report the results of the pilot program and any recommendations to the state legislature within one year of the bill's effective date.

Committee Categories

Education

Sponsors (13)

Last Action

Accompanied a study order, see H5209 (on 12/23/2020)

bill text


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