Massachusetts H4452 mandates financial literacy counseling for students at higher education institutions.
Massachusetts H4452 requires the board of higher education to request that institutions provide financial literacy counseling to accepted applicants. This counseling must cover student loans and other expenses. The board can also provide a College Financing Plan developed by the Federal Consumer Financial Protection Bureau. This plan includes estimated costs of attendance, grants, scholarships, and loan options. Institutions may offer this plan in a printable electronic format.
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