ACTION ALERT
AB 681
Golden State Republican Women
Janet Price, President
Submitted by the GSRW
Legislative Analyst Committee
Valerie Evans, Lou Ann Flaherty, and Elaine Freeman
Update on AB 681 originally covered in Capitol Update #15
“DREAM” DOES APPLY TO ILLEGAL / UNDOCUMENTED MIGRANTS
AB681, as introduced (02/14/2025) Elhawary (D). California DREAM Loan Program: Limits
PASSED THE ASSEMBLY 05/05/2025, in the Senate
Hearing: Jun 11 @ 9:00 am in 1021 O Street, Room 2100
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.
CALL OR EMAIL YOUR CONGRESSMAN TODAY TO OPPOSE AB 681
Click the website below and locate your senator
https://www.senate.ca.gov/senators
Legislative Portal links- Express your support or opposition to a bill or directly to the Legislative committee currently reviewing it (as an individual, not as a member of RW or GSRW)– click here, or the bill’s author- click here, enter your bill # and look for tab at top of the bill page labeled “Comments to Author”
