SECTION 1:

Section 3 of chapter 62 of the General Laws, as appearing in the 2012 Official Edition, is hereby amended by inserting after the word “debt”, in line 120, the following:

“or graduate education debt”.

SECTION 2:

Said section 3 of chapter 62, as so appearing, is hereby further amended by inserting after the sentence ending with the word “enrollment”, in line 129, the following:

“For the purposes of this subparagraph, the term “graduate education debt” shall mean any loan which was or is administered by the financial aid office of a non-profit institution offering a graduate or professional degree program at which the taxpayer, or a dependent of such taxpayer, pursuant to subparagraph (3) of paragraph (b) of Part B of this section, was enrolled as a graduate or professional degree student and which loan has been secured through a state student loan program, a federal student loan program or a commercial lender and which loan was obtained and expended solely for the purposes of paying tuition and other expenses directly related to such graduate or professional student enrollment.”