Bill > AB885

This bill establishes the College Access for All Fund in the State Treasury to help reduce the financial burden of undergraduate education at California's public universities. The bill highlights that over the past 20 years, a college degree has become increasingly essential for well-paying jobs, but the cost of higher education has risen dramatically - UC tuition and fees have nearly quadrupled, and CSU tuition and fees have increased sixfold over 50 years. Currently, attending UC costs over $45,000 annually, with tuition and fees around $14,934, while CSU costs nearly $8,000 annually in tuition and fees. These high costs have led to significant student debt, with nearly 4 million Californians owing over $142 billion in student loans. The fund will be available for the University of California and California State University (CSU) to use, upon legislative appropriation, to lower undergraduate attendance costs through either tuition reductions, loan repayment programs, or a combination of both. The bill argues that reducing these educational costs is crucial for supporting the state's economic growth and ensuring a well-educated workforce.

Budget and Finance, Education

https://leginfo.legislature.ca.gov/faces/billStatusClient.xhtml?bill_id=202520260AB885