Bill

Bill > S217


MA S217

MA S217
Establishing a student tuition recovery fund


summary

Introduced
03/29/2021
In Committee
03/29/2021
Crossed Over
Passed
Dead
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)

bill text


bill summary

Loading...

bill summary

Loading...

bill summary

Loading...