An Act relative to student financial literacy
Take action
Record your position on this measure.
Create an account to record your position, submit testimony, or contact your legislator.
Progress
Where this bill stands in the legislative process.
- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Overview
This bill aims to improve student financial literacy in Massachusetts. It seeks to ensure students have the knowledge and skills needed to make informed decisions about borrowing, saving, and managing money. The legislation focuses on providing comprehensive financial education resources and counseling to students throughout their education. Specifically, it intends to strengthen existing financial literacy programs and potentially expand access to financial counseling services.
Key provisions
- Requires schools to offer financial literacy education.
- Promotes the development of financial literacy resources for students and families.
- Encourages financial counseling services for students.
- Addresses student debt and responsible borrowing practices.
- Supports initiatives to increase financial literacy among young adults.
Who is affected
- Students in Massachusetts
- Schools and educational institutions
- Families of students
- Financial institutions
- The Commonwealth of Massachusetts
Notable changes
- Expands financial literacy requirements for schools.
- Potentially increases access to financial counseling services.
- Focuses on responsible borrowing and debt management.
Bill text
Read the latest version inline or switch to a previous version.
Text extraction is in progress. View the official source.
Sponsors
Official sponsors from legislative records.
6 on record
Primary sponsor
Cosponsors
Patricia D. Jehlen
Patrick Joseph Kearney
Arguments
Reasons offered for and against this legislation.
Arguments in favor
No arguments in favor have been submitted.
Submit yoursArguments opposed
No arguments opposed have been submitted.
Submit yours