Bill > H41

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 must include the estimated total amount of education loans incurred by the student, the estimated total potential payoff amount or a range of the total payoff amount, and an estimate of the monthly repayment amounts the student may incur, including principal and interest, for the amount of loans the student has taken out. The University of Massachusetts must report the results of the pilot program, along with recommendations on whether such a notice should be provided to additional students, to the state legislature's Joint Committee on Higher Education within one year of the bill's effective date.

Education

https://malegislature.gov/Bills/192/H41