Study on Pay it Forward, Pay it Back Pilot Program for student financial aid.

The bill mandates a study on a Pay it Forward, Pay it Back Pilot Program for student financial aid. This program would allow students to enroll without upfront tuition, fees, or room and board, instead signing a contract to pay a percentage of their annual income post-graduation. The study will evaluate the program's effects, funding sources, and implementation details. The California Student Aid Commission will oversee the study and report findings to the Assembly and Senate education committees by September 30, 2027.

Study on Pay it Forward, Pay it Back Pilot Program for student financial aid.

The bill mandates a study on a Pay it Forward, Pay it Back Pilot Program for student financial aid. This program would allow students to enroll without upfront tuition, fees, or room and board, instead signing a contract to pay a percentage of their annual income post-graduation. The study will evaluate the program's effects, funding sources, and implementation details. The California Student Aid Commission will oversee the study and report findings to the Assembly and Senate education committees by September 30, 2027.