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, as well as provisions for students who are 18 or older or legally emancipated. Additionally, the Department of Elementary and Secondary Education is tasked with developing forms for these exemptions and ensuring that school districts provide necessary support to students and their families.

Furthermore, the bill establishes the FAFSA Trust Fund, which will be administered by the commissioner of elementary and secondary education. This fund will be supported by various sources, including state appropriations and private donations, and will focus on assisting underserved communities. The commissioner will have the authority to use the fund for training, workshops, and collaboration with community organizations to facilitate FAFSA submissions. Annual reporting on the fund's activities and expenditures will be required to ensure transparency and accountability. 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.