CA AB718

Requires California State University (and requests University of California) to include in admission notifications a hyperlink to the university's website containing labor market outcome information for graduates of undergraduate programs

Mandates admission notifications include the federal student loans statement already required in all printed and online financial aid materials for applicants and students

Requires an explanation that public and private student loans have varying interest rates and fees, along with a hypothetical example showing how different payment schedules impact total interest paid over the life of a loan

Amended from the original version, which would have required specific average salary and student loan payment data for each admitted student's intended field of study to be included directly on admission letters