Cristina Garcia
- Democratic
Author
Existing law establishes the California DREAM Loan Program, which authorizes a student attending a participating campus of the University of California or California State University to receive a loan, referred to as a DREAM loan, if the student satisfies certain requirements. Existing law prohibits a student from borrowing more than $20,000 in the aggregate under the program from any one participating institution. Existing law requires each participating institution to provide entrance and exit counseling to borrowers that is generally comparable to that required by federal student loan programs. This bill would prohibit a student from borrowing more than $40,000 in the aggregate under the program. The bill would prohibit a student who is enrolled in an undergraduate program from borrowing, as an undergraduate student, or a student who is enrolled in a graduate program from borrowing, as a graduate student, more than $20,000 in the aggregate under the program. The bill would require a participating institution, on or before January 1, 2024, to establish DREAM loan forgiveness options for borrowers with similar standards as those set forth in the Federal Perkins Loan Program. The bill would require borrowers to qualify for or be granted certain administrative relief, and would require borrowers to qualify for state of emergency administrative forbearance, as specified. The bill would specify that exit counseling provided by a participating institution includes information about DREAM loan repayment, forbearance, deferment, discharge, and forgiveness. The bill would require a participating institution to post information about the DREAM loan on its internet website, as specified.
Approved by the Governor.
Chaptered by Secretary of State - Chapter 484, Statutes of 2022.
Enrolled and presented to the Governor at 4 p.m.
Read third time. Passed. Ordered to the Assembly. (Ayes 33. Noes 7. Page 5128.).
Senate amendments concurred in. To Engrossing and Enrolling. (Ayes 61. Noes 0.).
Assembly Rule 77(a) suspended.
In Assembly. Concurrence in Senate amendments pending. May be considered on or after August 27 pursuant to Assembly Rule 77.
Read second time. Ordered to third reading.
Read third time and amended. Ordered to second reading.
Read second time. Ordered to third reading.
From committee: Do pass. (Ayes 5. Noes 2.) (August 11).
From committee: Do pass and re-refer to Com. on APPR. (Ayes 5. Noes 1.) (June 22). Re-referred to Com. on APPR.
6-23-2022 hearing rescheduled by committee to 6-22-2022.
From committee chair, with author's amendments: Amend, and re-refer to committee. Read second time, amended, and re-referred to Com. on ED.
In committee: Set, first hearing. Hearing canceled at the request of author.
In Senate. Read first time. To Com. on RLS. for assignment.
Read third time. Passed. Ordered to the Senate. (Ayes 54. Noes 5. Page 4611.)
Read second time. Ordered to third reading.
From committee: Do pass. (Ayes 11. Noes 0.) (May 4).
Coauthors revised.
From committee: Do pass and re-refer to Com. on APPR. (Ayes 11. Noes 1.) (April 19). Re-referred to Com. on APPR.
From committee chair, with author's amendments: Amend, and re-refer to Com. on HIGHER ED. Read second time and amended.
From printer. May be heard in committee March 17.
Read first time. To print.
| Bill Text Versions | Format |
|---|---|
| AB2004 | HTML |
| 02/14/22 - Introduced | |
| 04/04/22 - Amended Assembly | |
| 06/13/22 - Amended Senate | |
| 08/18/22 - Amended Senate | |
| 08/29/22 - Enrolled | |
| 09/23/22 - Chaptered |
| Document | Format |
|---|---|
| 04/18/22- Assembly Higher Education | |
| 05/03/22- Assembly Appropriations | |
| 05/06/22- ASSEMBLY FLOOR ANALYSIS | |
| 06/20/22- Senate Education | |
| 07/29/22- Senate Appropriations | |
| 08/13/22- Sen. Floor Analyses | |
| 08/22/22- Sen. Floor Analyses | |
| 08/25/22- ASSEMBLY FLOOR ANALYSIS |
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