AB 850
Institutional Debt Transparency Act.
Vote required
Majority
Fiscal committee
No
Appropriation
No
Current location
Appropriations
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Sign in to take action- Introduced
- Passed Assembly
- Passed Senate
- To Governor
- Became Law
Bill overview
The Institutional Debt Transparency Act aims to increase transparency and protect students regarding institutional debt owed to colleges and universities in California. It prohibits institutions from charging higher tuition based on existing debt and prevents them from blocking students from re-enrolling due to outstanding balances, unless specific conditions are met. The bill also requires institutions to establish clear debt collection policies, report data on institutional debt, and restricts certain debt collection practices. This legislation seeks to address the growing issue of institutional debt and its impact on students’ educational and financial futures.
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