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 to establish a student loan forgiveness program within the Educational Financing Authority. Higher Education.
AI Summary
This bill establishes a student loan forgiveness program within the Educational Financing Authority. To be eligible, applicants must have graduated from a Massachusetts high school or received a high school equivalency diploma, obtained an undergraduate degree from a Massachusetts public college or university between 2017-2018, be participating in a federal income-driven repayment plan, be employed in Massachusetts, and meet certain income and residency requirements. Eligible applicants can receive an award covering 100% of their monthly federal loan payments for 24 months. The program provides relief for recent college graduates in Massachusetts struggling with federal student loan debt.
Committee Categories
Education
Sponsors (3)
Last Action
Accompanied a new draft, see H4694 (on 04/25/2022)
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/H1320 |
| Bill | https://malegislature.gov/Bills/192/H1320.pdf |
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