CALIFORNIA LEGISLATURE 20212022 REGULAR SESSION Assembly Bill No. 2018Introduced by Assembly Member SantiagoFebruary 14, 2022 An act relating to student financial aid. LEGISLATIVE COUNSEL'S DIGESTAB 2018, as introduced, Santiago. Student financial aid: Student Debt Fund.Existing law establishes the Student Aid Commission as the primary state agency for the administration of state-authorized student financial aid programs available to students attending all segments of postsecondary education.This bill would express the intent of the Legislature to enact subsequent legislation that would create the Student Debt Fund in the State Treasury for the purpose of providing grants to California residents who graduated or obtained an undergraduate degree from a college or university with its headquarters located in California to repay student loan debt for undergraduate degrees.Digest Key Vote: MAJORITY Appropriation: NO Fiscal Committee: NO Local Program: NO Bill TextThe people of the State of California do enact as follows:SECTION 1. It is the intent of the Legislature to enact subsequent legislation that would do both of the following: (a) Create the Student Debt Fund in the State Treasury for the purpose of providing grants to eligible applicants to repay student loan debt for undergraduate degrees.(b) Make an applicant eligible for a grant described in subdivision (a) if the applicant is a California resident and graduated or obtained an undergraduate degree from a college or university with its headquarters located in California.
CALIFORNIA LEGISLATURE 20212022 REGULAR SESSION Assembly Bill No. 2018Introduced by Assembly Member SantiagoFebruary 14, 2022 An act relating to student financial aid. LEGISLATIVE COUNSEL'S DIGESTAB 2018, as introduced, Santiago. Student financial aid: Student Debt Fund.Existing law establishes the Student Aid Commission as the primary state agency for the administration of state-authorized student financial aid programs available to students attending all segments of postsecondary education.This bill would express the intent of the Legislature to enact subsequent legislation that would create the Student Debt Fund in the State Treasury for the purpose of providing grants to California residents who graduated or obtained an undergraduate degree from a college or university with its headquarters located in California to repay student loan debt for undergraduate degrees.Digest Key Vote: MAJORITY Appropriation: NO Fiscal Committee: NO Local Program: NO
CALIFORNIA LEGISLATURE 20212022 REGULAR SESSION
Assembly Bill
No. 2018
Introduced by Assembly Member SantiagoFebruary 14, 2022
Introduced by Assembly Member Santiago
February 14, 2022
An act relating to student financial aid.
LEGISLATIVE COUNSEL'S DIGEST
## LEGISLATIVE COUNSEL'S DIGEST
AB 2018, as introduced, Santiago. Student financial aid: Student Debt Fund.
Existing law establishes the Student Aid Commission as the primary state agency for the administration of state-authorized student financial aid programs available to students attending all segments of postsecondary education.This bill would express the intent of the Legislature to enact subsequent legislation that would create the Student Debt Fund in the State Treasury for the purpose of providing grants to California residents who graduated or obtained an undergraduate degree from a college or university with its headquarters located in California to repay student loan debt for undergraduate degrees.
Existing law establishes the Student Aid Commission as the primary state agency for the administration of state-authorized student financial aid programs available to students attending all segments of postsecondary education.
This bill would express the intent of the Legislature to enact subsequent legislation that would create the Student Debt Fund in the State Treasury for the purpose of providing grants to California residents who graduated or obtained an undergraduate degree from a college or university with its headquarters located in California to repay student loan debt for undergraduate degrees.
## Digest Key
## Bill Text
The people of the State of California do enact as follows:SECTION 1. It is the intent of the Legislature to enact subsequent legislation that would do both of the following: (a) Create the Student Debt Fund in the State Treasury for the purpose of providing grants to eligible applicants to repay student loan debt for undergraduate degrees.(b) Make an applicant eligible for a grant described in subdivision (a) if the applicant is a California resident and graduated or obtained an undergraduate degree from a college or university with its headquarters located in California.
The people of the State of California do enact as follows:
## The people of the State of California do enact as follows:
SECTION 1. It is the intent of the Legislature to enact subsequent legislation that would do both of the following: (a) Create the Student Debt Fund in the State Treasury for the purpose of providing grants to eligible applicants to repay student loan debt for undergraduate degrees.(b) Make an applicant eligible for a grant described in subdivision (a) if the applicant is a California resident and graduated or obtained an undergraduate degree from a college or university with its headquarters located in California.
SECTION 1. It is the intent of the Legislature to enact subsequent legislation that would do both of the following: (a) Create the Student Debt Fund in the State Treasury for the purpose of providing grants to eligible applicants to repay student loan debt for undergraduate degrees.(b) Make an applicant eligible for a grant described in subdivision (a) if the applicant is a California resident and graduated or obtained an undergraduate degree from a college or university with its headquarters located in California.
SECTION 1. It is the intent of the Legislature to enact subsequent legislation that would do both of the following:
### SECTION 1.
(a) Create the Student Debt Fund in the State Treasury for the purpose of providing grants to eligible applicants to repay student loan debt for undergraduate degrees.
(b) Make an applicant eligible for a grant described in subdivision (a) if the applicant is a California resident and graduated or obtained an undergraduate degree from a college or university with its headquarters located in California.