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Bill > H1343


MA H1343

Relative to higher education financial literacy counseling


summary

Introduced
03/29/2021
In Committee
03/29/2021
Crossed Over
Passed
Dead
12/31/2022

Introduced Session

192nd General Court

Bill Summary

Relative to financial literacy counseling for students accepted at public institutions of higher education. Higher Education.

AI Summary

This bill would require public institutions of higher education in Massachusetts to provide financial literacy counseling to accepted applicants. The counseling would cover student loans and other educational expenses, and would include a College Financing Plan developed by the federal Consumer Financial Protection Bureau and the Department of Education. The College Financing Plan would provide information on the estimated cost of attendance, as well as grants, scholarships, work-study, and loan options. The bill also authorizes the Massachusetts Board of Higher Education to promulgate regulations to implement this new financial literacy requirement.

Committee Categories

Education

Sponsors (9)

Last Action

Accompanied a study order, see H5174 (on 09/01/2022)

bill text


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