summary
Introduced
03/29/2021
03/29/2021
In Committee
03/29/2021
03/29/2021
Crossed Over
Passed
Dead
12/31/2022
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)
Brad Jones (R)*,
Angelo D'Emilia (R),
Kim Ferguson (R),
Paul Frost (R),
Susan Gifford (R),
Steven Howitt (R),
Hannah Kane (R),
Matt Muratore (R),
Alyson Sullivan (R),
Last Action
Accompanied a study order, see H5174 (on 09/01/2022)
Official Document
bill text
bill summary
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bill summary
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bill summary
Document Type | Source Location |
---|---|
State Bill Page | https://malegislature.gov/Bills/192/H1343 |
Bill | https://malegislature.gov/Bills/192/H1343.pdf |
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