California Student Loan and Debt Service Review Workgroup

Post October 26, 2020

California Student Loan and Debt Service Review Workgroup

About the Workgroup: The Budget Act of 2020 established the California Student Loan and Debt Service Review Workgroup with an expressed charge of researching “implementable strategies and concepts that are focused on better ensuring that […] borrowers are able to access the most financially beneficial loan programs, most affordable repayment plans, and any available debt service forgiveness programs.”

The Workgroup will deliver a report to the California State Legislature and Department of Finance by September 1, 2021.

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The following draft report is for discussion and deliberation by the Workgroup members during the August 4, 2021 meeting. Please note this is a draft, with the intention of ensuring proper input from the workgroup before recommendations (and the report) are finalized. The final report will be copy-edited and designed, so please excuse the generic nature of the report presentation. An executive summary will also be developed to accompany the more expansive report.

California Student Loan and Debt Service Review Workgroup Draft Report

Members of the public are invited to review and offer written comments to the Policy Interventions Presented to Date (Appendix A and Appendix B). All public comment will be submitted via email, sent directly to CAStudentLoanWG@hcmstrategists.com. Submissions of written public comment will be accepted until Friday, June 25, 2021 at 5pm PT. When submitting comments, please also include the following information: name, title, organization/affiliation, email address. All stakeholders who submit written comment will receive the email distribution with notification for the July 2021 meeting. Policy Interventions Presented to Date