SECTION 1.Paragraph (12) of subsection (a) of section 3 of chapter 62 of the General Laws, as appearing in the 2016 Official Edition, is hereby amended by—

(a)striking out, in line 128, the word “or” the first place it appears;

(b)inserting after the word “two-year”, in line 128, a comma; and

(c)inserting after the word “college”, in line 128, the following words:- “, or graduate education debt”.

SECTION 2.Said paragraph, as so appearing, is hereby further amended by inserting after the second sentence the following sentence:-

“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.”.