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HOUSE DOCKET, NO. 2005 FILED ON: 1/19/2023
HOUSE . . . . . . . . . . . . . . . No. 1272
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 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
HOUSE DOCKET, NO. 2005 FILED ON: 1/19/2023
HOUSE . . . . . . . . . . . . . . . No. 1272
By Representative Jones of North Reading, a petition (accompanied by bill, House, No. 1272) 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. 1343 OF 2021-2022.]
The Commonwealth of Massachusetts
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In the One Hundred and Ninety-Third General Court
(2023-2024)
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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 2020 Official
2Edition, is hereby amended by adding at the end thereof the following new section:-
3 Section 46. The board of higher education shall have the authority to mandate that each
4public higher education institution provide financial literacy counseling to accepted applicants of
5the institution relative to student loans and other expenses to students upon arriving on campus.
6The Board is further authorized to provide a College Financing Plan developed by the federal
7Consumer Financial Protection Bureau and the United States Department of Education to said
8accepted applicants of the institution. College Financing Plan shall include the estimated cost of
9attendance including tuition and fees, housing and meals, books and supplies, transportation and
10other education costs as well as grants and scholarships and work-study and loan options. The 2 of 2
11public institution of higher education may provide an electronic version of the College Financing
12Plan in a printable format. The board of higher education may promulgate regulations to carry
13out the purposes of this section.