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Bill > H1202


MA H1202

MA H1202
Establishing a program for student loan forgiveness


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 establish a student loan forgiveness program within the Massachusetts Educational Financing Authority. Higher Education.

AI Summary

This bill establishes a student loan forgiveness program within the Massachusetts Educational Financing Authority. The program is designed to alleviate the burden of federal student loan debt for recent college graduates in the Commonwealth. To be eligible, applicants must have graduated from a high school or received a high school equivalency diploma in Massachusetts, obtained an undergraduate degree from a public university in Massachusetts between 2017 and 2018, participate in a federal income-driven repayment plan, be employed in Massachusetts, and meet certain income and residency requirements. Eligible applicants can receive an award covering 100% of their monthly federal income-driven repayment plan payments for up to 24 months. The authority is authorized to promulgate rules and regulations to implement the program.

Committee Categories

Education

Sponsors (12)

Last Action

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

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