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| 2 | 2 | | HOUSE DOCKET, NO. 2005 FILED ON: 1/19/2023 |
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| 3 | 3 | | HOUSE . . . . . . . . . . . . . . . No. 1272 |
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| 4 | 4 | | The Commonwealth of Massachusetts |
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| 5 | 5 | | _________________ |
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| 6 | 6 | | PRESENTED BY: |
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| 7 | 7 | | Bradley H. Jones, Jr. |
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| 8 | 8 | | _________________ |
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| 9 | 9 | | To the Honorable Senate and House of Representatives of the Commonwealth of Massachusetts in General |
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| 10 | 10 | | Court assembled: |
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| 11 | 11 | | The undersigned legislators and/or citizens respectfully petition for the adoption of the accompanying bill: |
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| 12 | 12 | | An Act relative to higher education financial literacy counseling. |
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| 13 | 13 | | _______________ |
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| 14 | 14 | | PETITION OF: |
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| 15 | 15 | | NAME:DISTRICT/ADDRESS :DATE ADDED:Bradley H. Jones, Jr.20th Middlesex1/17/2023Nicholas A. Boldyga3rd Hampden1/26/2023Peter J. Durant6th Worcester1/26/2023F. Jay Barrows1st Bristol1/26/2023Angelo L. D'Emilia8th Plymouth1/29/2023Kelly W. Pease4th Hampden1/31/2023Paul K. Frost7th Worcester1/31/2023Kimberly N. Ferguson1st Worcester2/1/2023Alyson M. Sullivan-Almeida7th Plymouth2/9/2023 1 of 2 |
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| 16 | 16 | | HOUSE DOCKET, NO. 2005 FILED ON: 1/19/2023 |
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| 17 | 17 | | HOUSE . . . . . . . . . . . . . . . No. 1272 |
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| 18 | 18 | | By Representative Jones of North Reading, a petition (accompanied by bill, House, No. 1272) of |
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| 19 | 19 | | Bradley H. Jones, Jr. and others relative to financial literacy counseling for students accepted at |
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| 20 | 20 | | public institutions of higher education. Higher Education. |
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| 21 | 21 | | [SIMILAR MATTER FILED IN PREVIOUS SESSION |
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| 22 | 22 | | SEE HOUSE, NO. 1343 OF 2021-2022.] |
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| 23 | 23 | | The Commonwealth of Massachusetts |
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| 24 | 24 | | _______________ |
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| 25 | 25 | | In the One Hundred and Ninety-Third General Court |
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| 26 | 26 | | (2023-2024) |
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| 27 | 27 | | _______________ |
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| 28 | 28 | | An Act relative to higher education financial literacy counseling. |
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| 29 | 29 | | Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority |
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| 30 | 30 | | of the same, as follows: |
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| 31 | 31 | | 1 SECTION 1. Chapter 15A of the General Laws, as appearing in the 2020 Official |
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| 32 | 32 | | 2Edition, is hereby amended by adding at the end thereof the following new section:- |
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| 33 | 33 | | 3 Section 46. The board of higher education shall have the authority to mandate that each |
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| 34 | 34 | | 4public higher education institution provide financial literacy counseling to accepted applicants of |
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| 35 | 35 | | 5the institution relative to student loans and other expenses to students upon arriving on campus. |
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| 36 | 36 | | 6The Board is further authorized to provide a College Financing Plan developed by the federal |
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| 37 | 37 | | 7Consumer Financial Protection Bureau and the United States Department of Education to said |
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| 38 | 38 | | 8accepted applicants of the institution. College Financing Plan shall include the estimated cost of |
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| 39 | 39 | | 9attendance including tuition and fees, housing and meals, books and supplies, transportation and |
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| 40 | 40 | | 10other education costs as well as grants and scholarships and work-study and loan options. The 2 of 2 |
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| 41 | 41 | | 11public institution of higher education may provide an electronic version of the College Financing |
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| 42 | 42 | | 12Plan in a printable format. The board of higher education may promulgate regulations to carry |
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| 43 | 43 | | 13out the purposes of this section. |
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