Plain English Breakdown
The official source material does not provide specific details about how the increased funding will be implemented or funded, nor does it specify if there are any limits on the maximum amount awarded under this program.
Cal Grant B Access Costs Award Increase
This legislation increases and adjusts annually the Cal Grant B award amount for access costs starting in the 2027-28 academic year.
What This Bill Does
- Increases the minimum Cal Grant B award for access costs to at least $1,600 starting in the 2027-28 academic year.
- Requires that the increased amount be adjusted annually based on changes in the California Consumer Price Index for All Urban Consumers.
Who It Names or Affects
- Students who receive Cal Grant B awards and attend qualifying postsecondary educational institutions in California.
Terms To Know
- Cal Grant Program
- A financial aid program that provides grants to help students pay for college or vocational school in California.
- California Consumer Price Index (CPI)
- An economic indicator that measures the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services.
Limits and Unknowns
- The bill does not specify how the increased funding will be implemented or funded.
- It is unclear if there are any limits on the maximum amount that can be awarded under this program.