SECTION 1. Chapter 15A of the General Laws, as appearing in the 2016 Official Edition, is hereby amended by adding at the end thereof the following new section:-
Section 45. The board of higher education shall have the authority to mandate that each public higher education institution provide financial literacy counseling to accepted applicants of the institution relative to student loans and other expenses to students upon arriving on campus. The Board is further authorized to provide a financial aid shopping sheet developed by the federal Consumer Financial Protection Bureau and the United States Department of Education under 20 USC 1001 et. seq. to said accepted applicants of the institution. The financial aid shopping sheet shall include estimated cost of attendance including tuition and fees, housing and meals, books and supplies, transportation and other education costs as well as grants and scholarships and work-study and loan options. The public institution of higher education may provide an electronic version of the financial aid information shopping sheet in a printable format. The board of higher education may promulgate regulations to carry out the purposes of this section.
The information contained in this website is for general information purposes only. The General Court provides this information as a public service and while we endeavor to keep the data accurate and current to the best of our ability, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.