This bill aims to enhance student financial assistance in Massachusetts by mandating that all public school districts ensure students complete and submit the Free Application for Federal Student Aid (FAFSA) before graduating high school. The bill introduces a new clause in Section 1D of Chapter 69 of the Massachusetts General Laws, which establishes the policy for maximizing federal and state financial aid options. It outlines exemptions for students who have parental consent to decline the FAFSA submission, and it requires the development of accessible forms for both parents and students to facilitate this process. Additionally, school districts must provide support to students and their families to comply with this requirement.

Furthermore, the bill establishes the FAFSA Trust Fund under Chapter 29 of the General Laws, which will be administered by the commissioner of elementary and secondary education. This fund will be used to support the implementation of FAFSA submission initiatives, particularly in underserved communities, and will be funded through various sources, including state appropriations and private donations. The commissioner is tasked with reporting annually on the fund's activities, including the sources of funding and expenditures. The provisions of the bill will take effect in stages, with the FAFSA submission requirement starting on October 1, 2027, and the establishment of the trust fund beginning on October 1, 2026.