AB 1465 Summary

• Increases Cal Grant A and B awards for new recipients at private nonprofit institutions to $9,084 for 2014-15 only, then $8,056 for 2015-16 and thereafter; raises maximum cohort default rate threshold from 10% to 15.5% for institutions with 20-30% graduation rates.

• Expands Middle Class Scholarship Program to include all federal, state, and institutional grants/fee waivers in the 40% calculation; requires minimum $90 annual award for full-time students and prohibits discrimination against part-time students.

• Establishes CalWORKs Recipients Education Program providing funding for job placement, child care, instruction, case management, and other services for current and former CalWORKs recipients at community colleges.

• Revises community college apportionment funding formula commencing 2015-16 to base allocation on community need for access rather than historical enrollment; provides special assistance to San Francisco Community College District if facing accreditation loss.

• Authorizes California State University and University of California to pledge General Fund appropriations and use funds for debt service and pay-as-you-go capital projects for facilities, seismic/life safety improvements, and energy conservation, subject to Department of Finance approval.