Chaptered by Secretary of State - Chapter 702, Statutes of 2025.
Legislative status
- Introduced
- In Committee
- Reported by Committee
- Floor Vote Scheduled
- Passed One Chamber
- Passed Both Chambers
- Sent to Executive
- Enacted
Summary
The bill lowers the annual loan cap for undergraduate students to $4,000 and raises the graduate annual cap to $20,500. It also raises the total amount a graduate student can borrow to $118,500 and sets a combined lifetime limit of $138,500 for students who use the program for both undergraduate and graduate study. These changes aim to better align loan amounts with student needs while preserving existing repayment and forgiveness provisions.
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61 yes
10 no
Read third time. Passed. Ordered to the Senate. (Ayes 61. Noes 10. Page 1419.) · May 5, 2025
Hearings
- Appropriations Committee HearingAppropriations · Aug 29, 2025
- Appropriations Committee HearingAppropriations · Jun 23, 2025
- Education Committee HearingEducation · Jun 11, 2025
- Appropriations Committee HearingAppropriations · Apr 9, 2025
- Higher Education Committee HearingHigher Education · Mar 18, 2025
History
- Chaptered by Secretary of State - Chapter 702, Statutes of 2025.
- Approved by the Governor.
- Enrolled and presented to the Governor at 4 p.m.
- Read third time. Passed. Ordered to the Assembly. (Ayes 30. Noes 9. Page 2516.).
- In Assembly. Ordered to Engrossing and Enrolling.
- Read second time. Ordered to third reading.
- From committee: Do pass. (Ayes 5. Noes 2.) (August 29).
- In committee: Referred to suspense file.
- From committee: Do pass and re-refer to Com. on APPR. (Ayes 5. Noes 1.) (June 11). Re-referred to Com. on APPR.
- Referred to Com. on ED.
- In Senate. Read first time. To Com. on RLS. for assignment.
- Read third time. Passed. Ordered to the Senate. (Ayes 61. Noes 10. Page 1419.)
The 12 most recent of 18 recorded actions.
Sponsors
- Elhawary · sponsor
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