FOR IMMEDIATE RELEASE: June 2, 2015
CONTACT: Jacqui Nguyen @ (916) 651-4029
SACRAMENTO – The California Senate has passed Senate Bill 15 on the floor of the chambers today with bipartisan support of 35-1. SB 15 (Block-D) is known as the Financial Aid Graduation Incentive Grant program (GIG) which would offer incentives to students who attend the UC or CSU system and graduate in four years. A majority of Senate Republicans voted in support of SB 15.
There are multiple goals to SB 15 which include proposing to use money from the general fund to provide $25 million to the University of California and the California State University systems to offer more classes. Another $50 million would pour in for each system to provide more student support services to ensure students graduate within four years. SB 15 also offers financial incentive for students who finish college in four years to receive a grant of $4,000.
Senate Republicans issued the following statements about SB 15:
“I want to thank the author for bringing this legislation forward for California’s students. I have children who have gone through the CSU system and they’ve struggled to get their classes and graduate in four years. This will help move kids through more quickly with less debt so they have a better start on their futures. I also appreciate the Cal Grant aspect applying to private, non-profit colleges so that all of our students can get the help they deserve,” said Senator Ted Gaines (R-El Dorado Hills).
“One of the key points that I am supporting the bill is that the Cal Grant A and B award for new students private, non-profit, and secondary-education were made the same. I encourage everyone to support and vote on this bill,” said Senator John Moorlach (R-Costa Mesa).
“I am proud to support SB 15 for its creation of important incentives to help California’s college students graduate in four years and start their lives with less debt,” said Senator Sharon Runner (R-Lancaster).
“SB 15 preserves vital funding and access to higher education to help middle-and lower-income families,” said Senator Andy Vidak (R-Hanford).
All this week, the California Senate is meeting to hear and vote on bills that will need to leave the Senate and be sent to the California Assembly due to the house of origin deadline on June 5.