California AB700 establishes a public service educational loan forgiveness program for state employees.
California AB700 creates a public service educational loan forgiveness program for state employees, local government agency employees, and nonprofit organization employees. The commission will award up to $10,000 to eligible applicants who have made continuous payments on their student loans. Eligible applicants must have served for a minimum of 10 years and provide proof of full-time employment. The commission will monitor the program for fraud and may pursue legal action to recover funds if awarded in error.
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