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CA AB1767
Bill
Status
5/29/2018
Primary Sponsor
Sabrina Cervantes
Click for details
AI Summary
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Establishes the California Kickstart My Future Loan Forgiveness Program under the Student Aid Commission to provide loan forgiveness for recent college graduates with federal student loan debt.
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Eligible applicants must have graduated from a California college/university in or after the 2017-18 academic year, applied within two years of graduation, be enrolled in a federal income-driven repayment plan, have income under $50,000, work in California, and not be in default on any student loans.
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Provides eligible recipients with student loan forgiveness awards equal to 100% of their monthly federal income-driven repayment plan payments for 24 months, subject to available appropriation.
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Allows deferment of awards during federal deferment or forbearance periods, with remaining time eligibility upon completion.
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Requires recipients who no longer meet eligibility requirements to refund payments to the state, with the Franchise Tax Board authorized to recover amounts owed.
Legislative Description
California Kickstart My Future Loan Forgiveness Program.
Last Action
In committee: Held under submission.
8/16/2018