summary
Introduced
03/17/2016
03/17/2016
In Committee
Crossed Over
Passed
Dead
07/31/2016
07/31/2016
Introduced Session
189th General Court
Bill Summary
Relative to uniform financial aid information (Senate, No. 661),-- reports, recommending that the same ought to pass with an amendment substituting a new draft entitled with the same title (Senate, No. 2184).
AI Summary
This bill mandates that all colleges and universities in the Commonwealth, referred to as "institutions of higher education," must provide a "uniform financial aid information shopping sheet" to any student who has been accepted into a full-time undergraduate program and has applied for financial aid, including transfer students. This shopping sheet, which is a standardized document developed by federal agencies (the Consumer Financial Protection Bureau and the U.S. Department of Education), is intended to help these "accepted applicants" make informed decisions about enrolling. Institutions are required to provide this document in a timely manner before the enrollment deadline, and they can offer it electronically in a printable format, with the option to include additional financial aid details as long as they use the same terminology as the standardized sheet. The Department of Higher Education is empowered to create regulations to ensure this requirement is met, and it will take effect for the 2017-2018 academic year and all subsequent years.
Sponsors (0)
No sponsors listed
Other Sponsors (1)
Senate Committee on Ways and Means (Senate)
Last Action
Reprinted as amended, see S2195 (on 03/24/2016)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location | Created |
|---|---|---|
| State Bill Page | https://malegislature.gov/Bills/189/S2184 | 03/18/2016 |
| Bill | https://malegislature.gov/Bills/189/S2184.pdf | 03/18/2016 |
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