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Bill > H3807


MA H3807

MA H3807
Establishing a student tuition recovery fund


summary

Introduced
05/20/2019
In Committee
05/29/2019
Crossed Over
Passed
Dead
12/31/2020

Introduced Session

191st General Court

Bill Summary

For legislation to establish a student tuition recovery fund to be administered by the Attorney General. Higher Education.

AI Summary

This bill establishes a student tuition recovery fund to be administered by the Attorney General. The fund will be used to reimburse students who have suffered "economic loss" due to a for-profit school's discontinuation of educational programs, failure to fulfill contractual obligations, or violations of licensing requirements and consumer protection laws. The bill requires for-profit schools that collect prepaid tuition to assess a student insurance fee and pay an annual assessment to the fund, which the Attorney General can use to pay eligible claims and administer the program. The Attorney General can also take actions to pursue loan cancellation or discharge for affected students to reduce the fund's liability. The bill empowers the Division of Professional Licensure and the Board of Higher Education to withhold or revoke a school's license or approval if it fails to pay the required assessments.

Committee Categories

Education, Labor and Employment

Sponsors (22)

Last Action

Accompanied a study order, see H5043 (on 10/26/2020)

bill text


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