HB811: Higher Education - Financial Well-Being Pilot Program - Establishment

Legislative Summary

Establishing the Financial Well-Being Pilot Program at the University of Maryland, College Park Campus and Morgan State University to provide comprehensive financial guidance and coaching to help students who may benefit from financial coaching services; requiring by August 1, 2024, each participating institution to hire one full-time financial well-being coach; requiring each financial well-being coach to create a document with best practices and guidance for other institutions to use to create a financial well-being program; etc.