Sade Elhawary
- Democratic
- Assemblymember
- District 57
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 $4,000 within a single academic year and more than $40,000 in the aggregate under the program. Existing law prohibits a student enrolled in an undergraduate program from borrowing more than $20,000 as an undergraduate student and prohibits a student enrolled in a graduate program from borrowing more than $20,000 as a graduate student. This bill would instead prohibit a student enrolled in an undergraduate program from borrowing more than $4,000 within a single academic year, and a student enrolled in a graduate program from borrowing more than $20,500 within a single academic year. The bill would increase the aggregate limit under the program for a student enrolled in a graduate program to $118,500 as a graduate student, while maintaining the $20,000 aggregate limit under the program for a student enrolled in an undergraduate program, thereby increasing the overall aggregate limit under the program for a student who receives a DREAM loan for both undergraduate and graduate enrollment to $138,500.
Chaptered by Secretary of State - Chapter 702, Statutes of 2025.
Approved by the Governor.
Enrolled and presented to the Governor at 4 p.m.
Read third time. Passed. Ordered to the Assembly. (Ayes 30. Noes 9. Page 2516.).
In Assembly. Ordered to Engrossing and Enrolling.
From committee: Do pass. (Ayes 5. Noes 2.) (August 29).
Read second time. Ordered to third reading.
From committee: Do pass and re-refer to Com. on APPR. (Ayes 5. Noes 1.) (June 11). Re-referred to Com. on APPR.
In Senate. Read first time. To Com. on RLS. for assignment.
Read third time. Passed. Ordered to the Senate. (Ayes 61. Noes 10. Page 1419.)
Read second time. Ordered to third reading.
From committee: Do pass. (Ayes 10. Noes 4.) (April 9).
From committee: Do pass and re-refer to Com. on APPR. (Ayes 8. Noes 2.) (March 18). Re-referred to Com. on APPR.
From printer. May be heard in committee March 17.
Read first time. To print.
| Bill Text Versions | Format |
|---|---|
| AB681 | HTML |
| 02/14/25 - Introduced | |
| 09/08/25 - Enrolled | |
| 10/13/25 - Chaptered |
| Document | Format |
|---|---|
| 03/16/25- Assembly Higher Education | |
| 04/08/25- Assembly Appropriations | |
| 04/16/25- ASSEMBLY FLOOR ANALYSIS | |
| 06/09/25- Senate Education | |
| 06/20/25- Senate Appropriations | |
| 08/29/25- Sen. Floor Analyses |
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