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Bill > H2227


MA H2227

Relative to higher education financial literacy counseling


summary

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

Introduced Session

190th General Court

Bill Summary

Relative to financial literacy counseling for students accepted at public institutions of higher education. Higher Education.

AI Summary

This bill requires public institutions of higher education in Massachusetts to provide financial literacy counseling to accepted applicants regarding student loans and other education-related expenses. The bill also authorizes the Board of Higher Education to provide a "financial aid shopping sheet" developed by the federal Consumer Financial Protection Bureau and the U.S. Department of Education, which includes estimated cost of attendance, grants, scholarships, work-study, and loan options. The institutions may provide an electronic version of the financial aid shopping sheet in a printable format, and the Board of Higher Education may issue regulations to implement this new requirement.

Committee Categories

Education

Sponsors (12)

Last Action

Accompanied a study order, see H4610 (on 06/14/2018)

bill text


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