Bill > S935

This bill proposes to reform state-based financial aid eligibility for Massachusetts colleges and universities by establishing specific performance criteria that institutions must meet to receive state scholarship funds. Specifically, postsecondary educational institutions must demonstrate either a graduation rate of at least 30% for undergraduate students (including transfer students) who complete their degree within 150% of the expected time, or maintain a three-year student loan cohort default rate of no more than 20%, as reported by the U.S. Department of Education. The Board of Higher Education will be responsible for annually reviewing and determining which institutions meet these requirements, developing rules and regulations for the assessment process, and publishing a list of eligible institutions on their website. Institutions that do not meet the criteria will be ineligible to receive state scholarship funds, and the bill includes a provision for institutions to appeal their determination. This legislation aims to increase accountability in higher education by tying state financial aid to measurable student success metrics.

Education

https://malegislature.gov/Bills/194/S935