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Bill > H4934


MA H4934

Establishing a program for student loan forgiveness


summary

Introduced
06/25/2018
In Committee
10/15/2018
Crossed Over
Passed
Dead
12/31/2018

Introduced Session

190th General Court

Bill Summary

For legislation to establish a student loan forgiveness program within the Massachusetts Educational Financing Authority. Higher Education.

AI Summary

This bill establishes a program for student loan forgiveness within the Massachusetts Educational Financing Authority. The program provides financial assistance to recent college graduates from Massachusetts who have federal student loan debt. To be eligible, an applicant must have graduated from a Massachusetts high school or received a high school equivalency diploma, obtained an undergraduate degree from a public institution of higher education in Massachusetts during or after the 2017-2018 academic year, be enrolled in a federal income-driven repayment plan, be employed in Massachusetts, and meet income requirements. The program will provide an award equal to 100% of the recipient's monthly federal loan payments for up to 24 months. The authority may promulgate rules and regulations to implement the program.

Committee Categories

Education

Sponsors (1)

Last Action

Accompanied a study order, see H4970 (on 11/19/2018)

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