summary
Introduced
01/22/2019
01/22/2019
In Committee
01/22/2019
01/22/2019
Crossed Over
Passed
Dead
12/31/2020
12/31/2020
Introduced Session
191st General Court
Bill Summary
Relative to establishing a student tuition recovery fund for students from certain for-profit schools. Consumer Protection and Professional Licensure.
AI Summary
This bill establishes a Student Tuition Recovery Fund (the "Fund") to be administered by the Attorney General. The Fund is designed to reimburse students who suffer economic loss due to the discontinuation of educational programs, failure of a for-profit school to fulfill its contractual obligations, or other unlawful conduct by a for-profit school. The bill requires for-profit schools to pay annual assessments into the Fund, with the assessment amount determined by the Attorney General to meet the Fund's needs. The Attorney General can use the Fund to pursue loan cancellations or discharges, pay claims directly to lenders, and delay payments in certain circumstances. The bill also empowers the Division of Professional Licensure and the Board of Higher Education to withhold or revoke licenses and approvals for for-profit schools that fail to pay the required assessments.
Committee Categories
Labor and Employment
Sponsors (7)
Mike Barrett (D),
Michael Brady (D),
Ed Kennedy (D),
Kay Khan (D),
Eric Lesser (D),
Jason Lewis (D),
Mike Moore (D),
Last Action
Accompanied a study order, see S2534 (on 02/13/2020)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://malegislature.gov/Bills/191/S164 |
| Bill | https://malegislature.gov/Bills/191/S164.pdf |
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