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Bill > S1699


MA S1699

Promoting access to higher education beginning at birth


summary

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

Introduced Session

191st General Court

Bill Summary

For legislation to promote access to higher education beginning at birth. Revenue.

AI Summary

This bill establishes a program in Massachusetts to encourage children to pursue higher education. The Commonwealth will deposit $5,000 into a separate account for each child born to Massachusetts residents, which the child can then use to pay for admission to a higher education institution in Massachusetts. There will be no tax implications on this initial deposit, and additional deposits to the fund will have the same tax implications as the Massachusetts UFund, which is a state-sponsored college savings program.

Committee Categories

Budget and Finance

Sponsors (2)

Last Action

Accompanied a study order, see H5080 (on 11/02/2020)

bill text


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