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California · 2025–26 Regular Session · Assembly Bill

AB 681: California DREAM Loan Program: limits.

Enacted Official data

  1. Introduced
  2. In committee
  3. Passed one chamber
  4. Passed both chambers
  5. Enacted

Last official action: ·Record last updated:

Plain-language summary

AB 681 is a assembly bill introduced in the California Assembly on February 14, 2025. According to its official title, it concerns: California DREAM Loan Program: limits. . Primary sponsor: Sade Elhawary (D). Most recent recorded action (October 13, 2025): Chaptered by Secretary of State - Chapter 702, Statutes of 2025.

Generated automatically from the official title, sponsor list, and status record only. It does not characterize the bill’s purpose or effects. How summaries are written

Official summary

Legislative Counsel’s Digest (official, as of the latest version). Written by nonpartisan legislative staff; reproduced verbatim.

Existing law establishes the California DREAM Loan Program, which authorizes a student attending a participating campus of the University of California or California State University to receive a loan, referred to as a DREAM loan, if the student satisfies certain requirements. Existing law prohibits a student from borrowing more than $4,000 within a single academic year and more than $40,000 in the aggregate under the program. Existing law prohibits a student enrolled in an undergraduate program from borrowing more than $20,000 as an undergraduate student and prohibits a student enrolled in a graduate program from borrowing more than $20,000 as a graduate student.

This bill would instead prohibit a student enrolled in an undergraduate program from borrowing more than $4,000 within a single academic year, and a student enrolled in a graduate program from borrowing more than $20,500 within a single academic year. The bill would increase the aggregate limit under the program for a student enrolled in a graduate program to $118,500 as a graduate student, while maintaining the $20,000 aggregate limit under the program for a student enrolled in an undergraduate program, thereby increasing the overall aggregate limit under the program for a student who receives a DREAM loan for both undergraduate and graduate enrollment to $138,500.

Sponsors

Sponsors by party (alphabetical): Democratic 1

NameRolePartyChamberDistrict
Sade ElhawaryPrimary sponsorDemocraticAssembly57

“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.

Recent official actions

  1. Chaptered by Secretary of State - Chapter 702, Statutes of 2025.
  2. Approved by the Governor.
  3. Enrolled and presented to the Governor at 4 p.m.
  4. In Assembly. Ordered to Engrossing and Enrolling.
  5. Read third time. Passed. Ordered to the Assembly. (Ayes 30. Noes 9. Page 2516.).
  6. Read second time. Ordered to third reading.
  7. From committee: Do pass. (Ayes 5. Noes 2.) (August 29).
  8. In committee: Referred to suspense file.
  9. From committee: Do pass and re-refer to Com. on APPR. (Ayes 5. Noes 1.) (June 11). Re-referred to Com. on APPR.
  10. Referred to Com. on ED.
  11. In Senate. Read first time. To Com. on RLS. for assignment.
  12. Read third time. Passed. Ordered to the Senate. (Ayes 61. Noes 10. Page 1419.)

Sources

  1. California Legislative Information — pubinfo database export
  2. Official bill page