Making the decision to pursue higher education is an important step that can open doors and provide opportunities. As you graduate, it is important to start preparing for repayment of the loans used to pay for your education. Every 28 seconds someone defaults on their student loans from the over $130 billion in total outstanding student debt in California. The average student debt balance is over $35,000, making it difficult for borrowers to buy homes, invest, and start businesses.
There is significant consensus that California’s financial aid programs are too complicated, exclude too many students in need, and do not adequately address the total costs that today’s students face.
We must ensure that higher education – the engine that drives our economy – is accessible to all students. This is why I have authored AB 1314, which will make our financial aid system more equitable and ensure that California makes a strong investment in its future.
A college degree means greater opportunity. The knowledge and skills you gain will last a lifetime. The State of California offers two valuable programs that can bring it within reach.
California's Cal Grant Financial Aid Program guarantees financial assistance based on need to every qualified student who applies. You learn more about the Cal Grant Financial Aid Program and find out how to apply by visiting CalGrants.org.
Saving for college can be overwhelming but every little bit helps.
ScholarShare, California’s state-sponsored 529 College Savings Plan can help you start planning for your child’s future. The program is available to any citizen or taxpayer and anyone can contribute. Visit https://www.scholarshare.com or call 1 (800) 544-5248 to learn more.
Cal Grant and the Middle Class Scholarship
Paying for college can be difficult, but California has always been a leader in providing eligible students with an affordable college education. The Cal Grant and the Middle Class Scholarship are two great state programs to help California families afford college:
The Internal Revenue Service (IRS) and California Franchise Tax Board extended their tax filing deadlines from April 15 to May 17! This gives you additional time to prepare your documents and learn more about tax programs you may qualify for.
¡El Servicio de Impuestos Internos (IRS) y El Franchise Tax Board (FTB, por sus siglas en inglés) extendieron sus plazos de presentación de impuestos del 15 de abril al 17 de mayo! Esto le brinda tiempo adicional para preparar sus documentos y obtener más información sobre los programas de impuestos para los que puede calificar.