Massachusetts H 2227: An Act relative to higher education financial literacy counseling

Bill Text

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HOUSE DOCKET, NO. 2836 FILED ON: 1/20/2017
HOUSE . . . . . . . . . . . . . . . No. 2227

The Commonwealth of Massachusetts
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PRESENTED BY:
Bradley H. Jones, Jr.
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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.
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PETITION OF:

NAME: DISTRICT/ADDRESS: DATE ADDED:
Bradley H. Jones, Jr. 20th Middlesex 1/20/2017
Susan Williams Gifford 2nd Plymouth 1/20/2017
Paul K. Frost 7th Worcester 1/20/2017
Timothy R. Whelan 1st Barnstable 1/20/2017
Mathew Muratore 1st Plymouth 1/20/2017
Steven S. Howitt 4th Bristol 1/20/2017
Kimberly N. Ferguson 1st Worcester 1/20/2017
Hannah Kane 11th Worcester 1/20/2017
Todd M. Smola 1st Hampden 2/3/2017
F. Jay Barrows 1st Bristol 1/20/2017
Nicholas A. Boldyga 3rd Hampden 1/20/2017
Sheila C. Harrington 1st Middlesex 1/20/2017

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HOUSE DOCKET, NO. 2836 FILED ON: 1/20/2017
HOUSE . . . . . . . . . . . . . . . No. 2227
By Mr. Jones of North Reading, a petition (accompanied by bill, House, No. 2227) of Bradley H.
Jones, Jr. and others relative to financial literacy counseling for students accepted at public
institutions of higher education. Higher Education.

The Commonwealth of Massachusetts

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In the One Hundred and Ninetieth General Court
(2017-2018)
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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:

1 SECTION 1. Chapter 15A of the General Laws, as appearing in the 2014 Official
2 Edition, is hereby amended by adding at the end thereof the following new section:-
3 Section 45. The board of higher education shall have the authority to mandate that each
4 public higher education institution provide financial literacy counseling to accepted applicants of
5 the institution relative to student loans and other expenses to students upon arriving on campus.
6 The Board is further authorized to provide a financial aid shopping sheet developed by the
7 federal Consumer Financial Protection Bureau and the United States Department of Education
8 under 20 USC 1001 et. seq. to said accepted applicants of the institution. The financial aid
9 shopping sheet shall include estimated cost of attendance including tuition and fees, housing and
10 meals, books and supplies, transportation and other education costs as well as grants and
11 scholarships and work-study and loan options. The public institution of higher education may
12 provide an electronic version of the financial aid information shopping sheet in a printable

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13 format. The board of higher education may promulgate regulations to carry out the purposes of
14 this section.