Massachusetts H4652 mandates financial literacy counseling for students at higher education institutions regarding student loans and expenses.

Massachusetts H4652 requires the board of higher education to request that institutions of higher education provide financial literacy counseling to accepted students about student loans and other expenses. The board can also request that institutions provide a College Financing Plan developed by the Federal Consumer Financial Protection Bureau and the U.S. Department of Education. This plan includes the estimated cost of attendance, grants, scholarships, work-study, and loan options. Institutions may offer this plan in a printable electronic format.

Massachusetts H4652 mandates financial literacy counseling for students at higher education institutions regarding student loans and expenses.

Massachusetts H4652 requires the board of higher education to request that institutions of higher education provide financial literacy counseling to accepted students about student loans and other expenses. The board can also request that institutions provide a College Financing Plan developed by the Federal Consumer Financial Protection Bureau and the U.S. Department of Education. This plan includes the estimated cost of attendance, grants, scholarships, work-study, and loan options. Institutions may offer this plan in a printable electronic format.