An Act relative to higher education financial literacy counseling
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Overview
This bill requires public colleges and universities in Massachusetts to provide financial literacy counseling to students who have been accepted for admission. The counseling aims to help students understand financial aid options, budgeting, and responsible borrowing practices. It intends to improve students’ financial knowledge and preparedness before they begin their higher education journey. The bill seeks to ensure students are equipped with the skills needed to manage their finances during and after college.
Key provisions
- Public colleges and universities must offer financial literacy counseling.
- Counseling should cover topics such as financial aid, budgeting, and borrowing.
- The counseling must be accessible to accepted students.
- Institutions are responsible for developing and implementing counseling programs.
- The counseling must be provided by qualified professionals.
Who is affected
- Students accepted to public colleges and universities in Massachusetts
- Public colleges and universities in Massachusetts
- Families of students attending public colleges and universities
Bill text
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Sponsors
Official sponsors from legislative records.
8 on record
Primary sponsor
Bradley H. Jones Jr.
Cosponsors
Bradley H. Jones Jr.
Arguments
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