Except as provided in subsections B and C of this section, an educational institution, in providing financial assistance to any of its students shall not:
An educational institution may administer or assist in the administration of scholarships, fellowships, or other forms of financial assistance established pursuant to domestic or foreign wills, trusts, bequests, or similar legal instruments or by acts of a foreign government which requires that awards be made to members of a particular sex specified therein; provided that the aggregate of all the awards of such sex-restricted scholarships, fellowships, and other forms of financial assistance does not discriminate on the basis of sex.
94- 348 C.M.R. ch. 4, § 15