Student loans: public service educational loan forgiveness program.
Vote required
Majority
Fiscal committee
No
Appropriation
No
Current location
Higher Education
Take action
Record your position on this measure.
Create an account to take a stance, submit a written position, or contact your legislator.
Progress
Where this bill stands in the legislative process.
- Introduced
- Passed Assembly
- Passed Senate
- To Governor
- Became Law
Overview
This bill creates a state-level program to provide up to $10,000 in student loan forgiveness for California residents who have worked for at least 10 years in public service jobs with state or local government agencies or nonprofits. The program, funded through donations and an annual appropriation, aims to offer an alternative to the federal Public Service Loan Forgiveness Program. It requires applicants to provide proof of employment and a supervisor’s or board member’s attestation of their good standing.
Key provisions
- Establishes a Public Service Education Loan Forgiveness Program offering up to $10,000 in loan forgiveness.
- Requires applicants to have worked for at least 10 years for a state agency, local government agency, or nonprofit organization.
- Requires applicants to provide proof of full-time employment and a supervisor/board member’s attestation.
- Creates the Public Service Education Loan Forgiveness Fund to accept donations.
- Mandates annual reporting to the Legislature on program activities and funding.
- Allows the commission to monitor the program for fraud and pursue legal action.
- Specifies definitions for key terms such as ‘local government agency,’ ‘nonprofit organization,’ and ‘state agency.’
- States that the program’s operation is contingent upon an appropriation.
Who is affected
- Students with student loan debt
- State and local government employees
Bill text
Read the latest version inline or switch to a previous version.
Text extraction is in progress. View the official source.
Sponsors
Official sponsors from legislative records.
1 on record
Primary sponsor
Arguments
Reasons offered for and against this legislation.
Arguments in favor
No arguments in favor have been submitted.
Submit yoursArguments opposed
No arguments opposed have been submitted.
Submit yours