Plain English Breakdown
The bill summary and digest do not specify exact start or end dates.
California Health Care Workforce Supplemental Loan Program
This law creates a loan program to help medical, nursing, social work, and social welfare students pay for school with loans similar to federal direct unsubsidized and grad PLUS loans available before January 20, 2025.
What This Bill Does
- Creates the California Health Care Workforce Supplemental Loan Program under the Student Aid Commission.
- Provides eligible students with financial aid similar to what was available through federal direct unsubsidized and grad PLUS loans on or before January 20, 2025.
- Requires the commission to set up an application process for these loans.
- Establishes that loan terms must be equivalent to those of federal Direct PLUS Loans as they existed on January 20, 2025.
- Creates a Health Care Workforce Supplemental Loan Fund in the State Treasury.
Who It Names or Affects
- Medical students
- Nursing students
- Social work students
- Social welfare students
Terms To Know
- Student Aid Commission
- The main state agency that runs student financial aid programs.
- Direct PLUS Loans
- Federal loans for graduate and professional degree students, including medical and nursing students.
Limits and Unknowns
- Does not specify how much funding will be available.
- The exact terms of the loans may change based on what the commission decides is necessary to run the program.
- It does not say when this law will start or end.