HOUSE DOCKET, NO. 2840        FILED ON: 1/17/2019

HOUSE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No. 1210

 

The Commonwealth of Massachusetts

_________________

PRESENTED BY:

Ann-Margaret Ferrante

_________________

To the Honorable Senate and House of Representatives of the Commonwealth of Massachusetts in General
Court assembled:

The undersigned legislators and/or citizens respectfully petition for the adoption of the accompanying bill:

An Act relative to student debt.

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PETITION OF:

 

Name:

District/Address:

Ann-Margaret Ferrante

5th Essex

Carlos González

10th Hampden

José F. Tosado

9th Hampden

Steven Ultrino

33rd Middlesex

Brian W. Murray

10th Worcester

Brian M. Ashe

2nd Hampden

Mary S. Keefe

15th Worcester

Jeffrey N. Roy

10th Norfolk

Kathleen R. LaNatra

12th Plymouth

Tommy Vitolo

15th Norfolk

David Biele

4th Suffolk

Jon Santiago

9th Suffolk

David Henry Argosky LeBoeuf

17th Worcester


HOUSE DOCKET, NO. 2840        FILED ON: 1/17/2019

HOUSE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No. 1210

By Ms. Ferrante of Gloucester, a petition (accompanied by bill, House, No. 1210) of Ann-Margaret Ferrante and others relative to providing notices of the total outstanding or pending loan obligations for University of Massachusetts students.  Higher Education.

 

The Commonwealth of Massachusetts

 

_______________

In the One Hundred and Ninety-First General Court
(2019-2020)

_______________

 

An Act relative to student debt.

 

Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority of the same, as follows:
 

Notwithstanding any general or special law to the contrary, the University of Massachusetts, in consultation with the office of the state treasurer and the department of higher education, shall develop a pilot program on a single campus that provides enrolled students with an estimate of their total outstanding or pending student loan obligations. Said notice shall include, but not be limited to: (i) an estimate of the total amount of education loans incurred by the student; (ii) an estimate of the total potential payoff amount of the educational loans incurred or a range of the total payoff amount; and (iii) an estimate of the monthly repayment amounts that a similarly situated borrower may incur, including principal and interest, for the amount of loans the student has taken out at the time the information is provided. The University of Massachusetts shall report the results of said pilot program, together with any recommendations regarding whether such a notice should be provided to additional students, to the clerks of the house and senate, who shall forward the same to the joint committee on higher education, not later than one year from the effective date of this act.