BOSTON (AP) — A invoice geared toward requiring extra monetary transparency from impartial schools is making its means via the Massachusetts Legislature.
This week, House lawmakers voted to approve the laws. It would let the state extra carefully monitor the monetary well being of personal schools and universities, with the purpose of offering extra safety to college students and fogeys.
Specifically, the laws would require personal schools to make their monetary studies public and accessible. Any establishment going through monetary threat of closure would even be required to develop contingency plans to make sure a course of is in place to help its college students.
The laws would create monetary penalties for schools that fail to report.
At least 17 schools in Massachusetts have closed or merged lately.
The invoice now heads to the Massachusetts Senate.