AB 1241
Student financial aid: Pay it Forward, Pay it Back Pilot Program: study.
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
This bill proposes a pilot program called ‘Pay-It-Forward, Pay-It-Back’ to explore a new financing option for students attending California State University and University of California campuses. The program would allow students to enroll without upfront tuition payments, but would require them to pay a percentage of their annual income after graduation. Revenue generated from these payments would be deposited into a dedicated fund to help future students, and the program’s effectiveness would be studied by the Commission. The bill outlines a phased implementation, starting with offering the program at campuses in 2028-29 and ensuring participation of at least 10,000 students annually starting in 2030-31.
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