The bill introduces significant amendments to the General Laws by adding Section 39A to Chapter 15A, which requires all public institutions of higher education to create written policies for accepting various forms of course credit, such as Advanced Placement exams and dual enrollment programs. These policies must detail the conditions for credit acceptance, how credits apply to degree requirements, and ensure that students are informed about credit transferability. Additionally, the bill mandates that these policies be made publicly accessible on the institutions' websites and reviewed by the Department of Higher Education every three years.

Moreover, the bill establishes Section 40 in Chapter 69, which initiates an early college program aimed at providing high school students, especially those underrepresented in higher education, with opportunities to earn transferable college credits. It creates an Early College Joint Committee (ECJC) to oversee the initiative and an Office of Early College to manage applications and monitor performance. Public high schools are required to offer early college or other college and career pathways programs before the end of the 12th grade, with provisions for waivers. The bill also allows the commissioner of elementary and secondary education to use funds from the Twenty-First Century Education Trust Fund for these programs, ensuring alignment with the trust's objectives. A memorandum of understanding between the commissioners of elementary and secondary education and higher education is mandated within 90 days of the bill's effective date, and the office must submit recommendations to the early college board within one year. Additionally, a specific section of the General Laws will take effect on September 1, 2028.