H 4652
An Act relative to higher education financial literacy counseling
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- Passed House
- Passed Senate
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Bill overview
This bill requires Massachusetts colleges and universities to provide financial literacy counseling to prospective students. The Board of Higher Education will oversee this process, offering a College Financing Plan developed by the Consumer Financial Protection Bureau and the U.S. Department of Education. This plan will detail the total cost of attendance, including tuition, fees, housing, and potential financial aid options, and will be made available to applicants in a printable format.
Key provisions
- The Board of Higher Education can require institutions to offer financial literacy counseling.
- Institutions must provide a College Financing Plan to accepted applicants.
- The College Financing Plan will include estimated costs and financial aid options.
- The plan will be developed by the Consumer Financial Protection Bureau and the U.S. Department of Education.
- Institutions can provide the plan electronically.
- The Board can create regulations to implement the bill.
Who is affected
- Students applying to higher education institutions in Massachusetts
- Massachusetts colleges and universities
- The Board of Higher Education
- Prospective college students
- Families of prospective college students
Notable changes
- Requires colleges to proactively provide financial literacy counseling to applicants.
- Mandates the use of a standardized College Financing Plan.
Sponsors
Official sponsors from legislative records.
Primary sponsor
Joint Committee on Higher Education
Cosponsors
Alyson M. Sullivan-Almeida
Jr. Bradley H. Jones
Kelly W. Pease
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Bill H.4652 194th (Current)
An Act relative to higher education financial literacy counseling
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Bill Information
Bill Information
Sponsor: Joint Committee on Higher Education Status: Referred to House Committee on Ways and Means
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Bill History Cosponsors Committee Vote Committee Summary
Bill History
Displaying 3 actions for Bill H.4652
| Date | Branch | Action |
| 10/27/2025 | House | Reported from the committee on Higher Education |
| 10/27/2025 | House | New draft of H1444 |
| 10/27/2025 | House | Bill reported favorably by committee and referred to the committee on House Ways and Means |
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