Plain English Breakdown
The bill summary and digest do not provide specific details on how the increased funding is allocated or if there are limits on maximum awards.
Cal Grant B Access Costs Award Increase
This legislation sets a new minimum award amount of $1,600 for access costs in the Cal Grant B program starting from the 2027-28 academic year and requires annual adjustments based on inflation.
What This Bill Does
- Sets a new minimum award amount of at least $1,600 for access costs under the Cal Grant B program starting with the 2027-28 academic year.
- Requires that this award amount be adjusted annually by the percentage increase in the California Consumer Price Index for All Urban Consumers.
Who It Names or Affects
- Students who receive financial aid through the Cal Grant B program.
- The Student Aid Commission, which administers the Cal Grant Program.
Terms To Know
- Cal Grant B
- A part of California's financial aid program that helps students pay for college or vocational training.
- Access Costs
- Expenses related to attending a postsecondary educational institution, such as tuition and fees.
Limits and Unknowns
- The bill does not specify how the increased funding will be allocated.
- It is unclear if there are any limits on the maximum amount that can be awarded for access costs under this program.