CALIFORNIA A.B. 721 – State Financial Aid 

Sponsor: Assemblymember Jose Medina (D)

Summary: Final version (7/8/2015): Requires a public, private or independent institution to make available to the public upon request and in a prominent location on its Internet Web site within 12 months of a completed academic year, as defined, specified student loan debt statistics on graduates, to provide students information concerning unused state and federal financial assistance including unused federal student loan moneys available to them before certifying their eligibility for private student loans, and, if the institution does not participate in federal student loan programs, to inform students that they may be eligible for federal student loans at participating institutions and provide them information regarding Cal Grants and federal student aid.

Final version (7/8/2015): 

Previous version (6/24/2015): 

Previous version (5/28/2015): 

Previous version (4/13/2015): 


Status: Introduced 2/25/2015. Referred to Assembly Committee on Higher Education 3/12/2015. Hearing held, reported; re-referred to Assembly Committee on Appropriations 4/7/2015. Amended 4/13/2015. Hearing held 4/29/2015. Hearing held, amended, reported 5/28/2015. Passed Assembly; received in Senate, referred to Senate Committee on Rules 6/2/2015. Referred to Senate Committee on Education 6/11/2015. Amended 6/24/2015. Hearing held, reported; re-referred to Senate Committee on Appropriations 7/1/2015. Amended 7/8/2015. Hearing held, reported 7/13/2015. Passed Senate; returned to Assembly 8/24/2015. Assembly concurred with Senate amendments 8/27/2015. Sent to  9/3/2015.Signed by Governor Jerry Brown (D) 10/8/2015.