An Act relative to higher education financial literacy counseling

This bill requires public colleges and universities in Massachusetts to offer financial literacy counseling to students upon their arrival on campus. The primary goal is to help new students understand student loans and other education-related expenses. Under the legislation, the state Board of Higher Education must provide a College Financing Plan that details estimated costs for tuition, housing, books, and transportation alongside available grants, scholarships, and loan options. Institutions are permitted to deliver this plan in an electronic, printable format, and the Board is authorized to create regulations to ensure these requirements are met.