SECTION 1.Paragraph (12) of subsection (a) of section 3 of chapter 62 of the General Laws, as appearing in the 2018 Official Edition, is hereby amended by—

(a)striking out, in line 129, the word “or” the first place it appears;

(b)inserting after the word “two-year”, in line 129, a comma; and

(c)inserting after the word “college”, in line 129, the following words:- “, or graduate education debt”.

SECTION 2.Paragraph (12) of said subsection of said section of said chapter, 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.”.