Pell Access and Completion Series | Part I: Community College

A diverse coalition of 17 groups united in strengthening need-based financial aid applauds California Governor Gavin Newsom and the Legislature for reaching a final 2022-23 state budget agreement.

Summarizes loan limits, interest rates, and other terms for federal student loans issued from July 1, 2022 through June 30, 2023.

From 1972 to today, the federal Pell Grant program has provided need-based grant aid to 80 million low- and moderate-income students to help them achieve the dream of a college degree. Fifty years in, Pell Grants remain the federal government’s most effective investment in college affordability — but the share of college costs covered by the grant is at an all-time low.

Issued in 2014, the Education Department implemented the Gainful Employment (GE) Rule to protect students from low-quality postsecondary programs that often left them with unaffordable student debts and non-transferrable credits. Unfortunately, the last administration halted the 2014 GE Rule upon taking office, and then officially rescinded the rule in 2019.

Fact sheet highlights the extent to which California’s public two- and four-year college students’ total college costs are covered by financial aid, how much of their annual family income is required to pay college costs, and the financial aid reforms policymakers must prioritize to better serve students.

The Bureau for Private Postsecondary Education is the first line of defense for students who enroll in private postsecondary programs and the primary state-level regulator of private colleges and institutions in California.