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
For legislation relative to establish a student tuition recovery fund for students from certain for-profit schools. Consumer Protection and Professional Licensure.
AI Summary
This bill establishes a Student Tuition Recovery Fund to fully reimburse students who suffer economic losses due to for-profit schools discontinuing programs, failing to fulfill contractual obligations, or engaging in unfair or deceptive practices. The fund will be administered by the Attorney General, who can pursue loan cancellations or discharges to reduce the fund's liability. For-profit schools will pay annual assessments into the fund, with the amount based on a percentage of the school's gross tuition and fees. The fund may not be used for non-pecuniary damages, and unexpended money will not revert to the General Fund. The Division of Professional Licensure and Board of Higher Education can take action against schools that fail to pay assessments to the fund.
Committee Categories
Labor and Employment
Sponsors (4)
Last Action
Accompanied a study order, see S2666 (on 02/07/2022)
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/S217 |
| Bill | https://malegislature.gov/Bills/192/S217.pdf |
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