Existing law establishes the Student Aid Commission as the primary state agency for the administration of state-authorized student financial aid programs available to students attending all segments of postsecondary education. Under existing law, the commission, among other things, administers the Cal Grant Program, the Student Opportunity and Access Program, the Assumption Program of Loans for Education, the Graduate Assumption Program of Loans for Education, the Public Interest Attorney Loan Repayment Program, and the California State Work-Study Program. This bill would establish the California Kickstart My Future Loan Forgiveness Program, under the administration of the commission, to provide student loan forgiveness awards for the purpose of alleviating the burden of federal student loan debt for recent graduates meeting specified requirements. The bill would, subject to an available and sufficient appropriation, authorize an eligible applicant to receive a student loan forgiveness award equal to 100% of his or her monthly federal income-driven repayment plan payments for 24 months of repayment under the federal program. The bill would require a recipient, who no longer meets the specified requirements at the time any payment is made under this program, to refund those payments to the state, and would authorize the Franchise Tax Board to recover the payments owed.
No votes to display
From committee: Filed with the Chief Clerk pursuant to Joint Rule 56.
Died pursuant to Art. IV, Sec. 10(c) of the Constitution.
In committee: Held under submission.
From committee: Do pass and re-refer to Com. on APPR. (Ayes 9. Noes 4.) (April 18). Re-referred to Com. on APPR.
From committee chair, with author's amendments: Amend, and re-refer to Com. on HIGHER ED. Read second time and amended.
In committee: Hearing postponed by committee.
From printer. May be heard in committee March 12.
Read first time. To print.
|Bill Text Versions||Format|
|02/09/17 - Introduced|
|04/04/17 - Amended Assembly|
|No related documents.|
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