CA AB681

Increases the annual borrowing limit for graduate students in the California DREAM Loan Program from $4,000 to $20,500 per academic year, while maintaining the $4,000 annual limit for undergraduate students

Raises the aggregate borrowing limit for graduate students from $20,000 to $118,500, while keeping the $20,000 aggregate limit for undergraduate students

Establishes a new combined aggregate limit of $138,500 for students who receive DREAM loans for both undergraduate and graduate enrollment (up from the previous $40,000 overall cap)

The California DREAM Loan Program provides loans to eligible students at UC and CSU campuses who meet certain requirements, with interest rates tied to federal Direct Loan rates