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DFPI Student Loan Proposal Raises a Few Key Issues to Consider

DFPI Student Loan Proposal Raises a Few Key Issues to Consider

Summary

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Brief Covers Student Financial Aid Proposals at Three Departments. This brief analyzes the Governor’s General Fund budget proposals related to student financial aid at the California Student Aid Commi ssion (CSAC), the Scholarshare Investment Board (SIB), and the Department of Financial Protection and Innovation (DFPI).

Governor’s CSAC Proposals Are Warranted to Implement Program Expansions. The 2021?22 budget enacted several CSAC program expansions-including an expansion of Cal Grant eligibility for community college students, a revamp of the Middle Class Scholarship program, multiple one?time initiatives, and a new requirement for school districts to verify that high school seniors apply for financial aid. Lees verder