summary
Introduced
01/23/2017
01/23/2017
In Committee
01/23/2017
01/23/2017
Crossed Over
Passed
Dead
12/31/2018
12/31/2018
Introduced Session
190th General Court
Bill Summary
For legislation to establishing the Massachusetts Educational Trust Fund to provide financial assistance for post-secondary education . Higher Education.
AI Summary
This bill establishes the Massachusetts Educational Trust Fund to provide financial assistance for post-secondary education. The fund will be administered by the Board of Higher Education and will be funded through appropriations and other designated public and private sources. Students can apply for financial assistance from the fund, and their eligibility will not depend on their parents' or guardians' income. Recipients will be required to repay the financial assistance, typically through wage deductions, with the Board establishing a reasonable interest rate and alternative repayment plans for those who are unemployed or unable to repay through wage deductions.
Committee Categories
Education
Sponsors (4)
Last Action
Accompanied a study order, see H4610 (on 06/14/2018)
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/190/H3490 |
| Bill | https://malegislature.gov/Bills/190/H3490.pdf |
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