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Bill > S112


MA S112

Establishing a student tuition recovery fund


summary

Introduced
01/23/2017
In Committee
02/14/2018
Crossed Over
Passed
Dead
12/31/2018

Introduced Session

190th General Court

Bill Summary

For legislation to establish a student tuition recovery fund. Consumer Protection and Professional Licensure.

AI Summary

This bill establishes a Student Tuition Recovery Fund to fully reimburse students who suffer economic loss due to a for-profit school's discontinuation of educational programs, failure to fulfill contractual obligations, or other unlawful conduct. The fund will be administered by the Attorney General and will be financed by annual assessments paid by for-profit schools based on a percentage of their gross tuition and fees. The Attorney General can use the fund to pursue loan cancellation or discharge to relieve students' economic loss and can delay claim payments to resolve student loan issues. The Division of Professional Licensure and the Board of Higher Education can deny or revoke licenses and approvals for for-profit schools that fail to pay their assessments to the fund.

Committee Categories

Budget and Finance, Labor and Employment

Sponsors (31)

Last Action

Read; and referred to the committee on Senate Ways and Means (on 02/14/2018)

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