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Bill > H1359


MA H1359

Relative to late fees for no interest student loans


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 late fees for no interest student loans. Higher Education.

AI Summary

This bill prohibits the Massachusetts Department of Higher Education and the Office of Student Financial Assistance from applying late fees to no-interest student loans issued under a specific law from March 10, 2020 to December 31, 2021. Additionally, the bill requires the refunding of any late fees paid on such loans for payments due during that period within 30 days of the bill's effective date.

Committee Categories

Education

Sponsors (13)

Last Action

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

bill text


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