Bill > AB402

This bill modifies the Cal Grant Program, a financial aid initiative for California postsecondary students, by making several key changes to award amounts and transfer eligibility. For the 2024-25 award year, the bill sets the maximum Cal Grant A and B tuition award for students attending independent institutions of higher education at $9,358, with a potential increase to $9,708 beginning in the 2026-27 award year, contingent upon independent institutions meeting certain transfer student enrollment targets. The bill also removes previous restrictions that limited a student's ability to transfer and maintain their California Community College Expanded Entitlement Award when moving to an independent institution of higher education. Specifically, students who receive this award can now transfer to an independent institution without the previous requirement of additional General Fund moneys being available. These changes aim to provide more financial support and flexibility for students pursuing higher education in California, particularly those transferring between different types of educational institutions.

Budget and Finance, Education

https://leginfo.legislature.ca.gov/faces/billStatusClient.xhtml?bill_id=202520260AB402