Bill > AB718

This bill requires the California State University (CSU) and requests the University of California (UC) to include two specific pieces of information in their admission notifications: (1) a hyperlink to the university's website containing labor market outcome information for graduates, and (2) detailed information about student loans. Specifically, the bill mandates that admission letters must include the federally required student loan statement and provide an explanation about student loan interest rates and fees, including a hypothetical example demonstrating how different loan payment schedules can impact the total interest paid over the life of a loan. The goal is to provide prospective students with more transparent and comprehensive information about potential financial outcomes and loan obligations associated with their chosen field of study, helping them make more informed decisions about their postsecondary education. This legislation aims to enhance student awareness about the financial implications of their educational choices by requiring universities to proactively share salary and loan repayment data in their admission communications.

Budget and Finance, Education

https://leginfo.legislature.ca.gov/faces/billStatusClient.xhtml?bill_id=202520260AB718