HOUSE DOCKET, NO. 2672 FILED ON: 2/18/2021
HOUSE . . . . . . . . . . . . . . . No. 1343
|
The Commonwealth of Massachusetts
_________________
PRESENTED BY:
Bradley H. Jones, Jr.
_________________
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 higher education financial literacy counseling.
_______________
PETITION OF:
Name: | District/Address: | Date Added: |
Bradley H. Jones, Jr. | 20th Middlesex | 2/12/2021 |
Susan Williams Gifford | 2nd Plymouth | 2/25/2021 |
Alyson M. Sullivan | 7th Plymouth | 2/26/2021 |
Angelo L. D'Emilia | 8th Plymouth | 2/26/2021 |
Paul K. Frost | 7th Worcester | 3/11/2021 |
Kimberly N. Ferguson | 1st Worcester | 3/22/2021 |
Mathew J. Muratore | 1st Plymouth | 3/24/2021 |
Steven S. Howitt | 4th Bristol | 3/31/2021 |
Hannah Kane | 11th Worcester | 4/1/2021 |
HOUSE DOCKET, NO. 2672 FILED ON: 2/18/2021
HOUSE . . . . . . . . . . . . . . . No. 1343
By Mr. Jones of North Reading, a petition (accompanied by bill, House, No. 1343) of Bradley H. Jones, Jr., and others relative to financial literacy counseling for students accepted at public institutions of higher education. Higher Education. |
[SIMILAR MATTER FILED IN PREVIOUS SESSION
SEE HOUSE, NO. 1224 OF 2019-2020.]
The Commonwealth of Massachusetts
_______________
In the One Hundred and Ninety-Second General Court
(2021-2022)
_______________
An Act relative to higher education financial literacy counseling.
Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority of the same, as follows:
SECTION 1. Chapter 15A of the General Laws, as appearing in the 2018 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 College Financing Plan developed by the federal Consumer Financial Protection Bureau and the United States Department of Education to said accepted applicants of the institution. College Financing Plan 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 College Financing Plan in a printable format. The board of higher education may promulgate regulations to carry out the purposes of this section.