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CA SB1417

Bill

Official Source

Status

Failed

11/30/2016

Primary Sponsor

Cathleen Galgiani

Click for details

Origin

Senate

2015-2016 Session

AI Summary

  • Requires California State University trustees to develop and implement a program providing a $2,500 one-time payment toward student loan debt for qualified students who complete an undergraduate degree within 4 years
  • Requests (but does not require) University of California regents to develop and implement the same loan payment incentive program for their campuses
  • Defines "qualified student" as a California resident or a student meeting requirements in Education Code Section 68130.5
  • Establishes the "Graduation Incentive Loan Payment Program" as a new chapter in the Education Code
  • Requires majority vote in legislature; involves fiscal committee review but creates no state-mandated local program

Legislative Description

Public postsecondary education: student loan payment program.

Last Action

From committee without further action.

11/30/2016

Committee Referrals

Appropriations4/6/2016
Education3/10/2016
Rules2/19/2016

Full Bill Text

No bill text available