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.
California AB 681 (20252026) — California DREAM Loan Program: limits.
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.
Version chain
The bill's text revisions, in order — the diff chain from filing to enrollment.
Do pass and be re-referred to the Committee on [Appropriations] — 8–2 (pass) · lower
Do pass, but first be re-referred to the Committee on [Appropriations] — 5–1 (pass) · upper
AB 681 Elhawary Assembly Third Reading — 61–10 (pass) · lower
Do pass — 5–2 (pass) · upper
Placed on suspense file — 7–0 (pass) · upper
Sponsors
Elhawary — primary (person)
Timeline
The legislative action history — every referral, reading, and vote.
2025-02-14 Read first time. To print. reading-1
2025-02-15 From printer. May be heard in committee March 17.
2025-03-03 Referred to Com. on HIGHER ED. referral-committee
2025-03-19 From committee: Do pass and re-refer to Com. on APPR. (Ayes 8. Noes 2.) (March 18). Re-referred to Com. on APPR. committee-passage, committee-passage-favorable, referral-committee
2025-04-09 From committee: Do pass. (Ayes 10. Noes 4.) (April 9). committee-passage, committee-passage-favorable
2025-04-10 Read second time. Ordered to third reading. reading-1, reading-2
2025-05-05 Read third time. Passed. Ordered to the Senate. (Ayes 61. Noes 10. Page 1419.) passage, reading-1, reading-3
2025-05-06 In Senate. Read first time. To Com. on RLS. for assignment. reading-1
2025-05-14 Referred to Com. on ED. referral-committee
2025-06-11 From committee: Do pass and re-refer to Com. on APPR. (Ayes 5. Noes 1.) (June 11). Re-referred to Com. on APPR. committee-passage, committee-passage-favorable, referral-committee
2025-06-23 In committee: Referred to suspense file. referral-committee
2025-08-29 From committee: Do pass. (Ayes 5. Noes 2.) (August 29). committee-passage, committee-passage-favorable
2025-08-29 Read second time. Ordered to third reading. reading-1, reading-2
2025-09-04 Read third time. Passed. Ordered to the Assembly. (Ayes 30. Noes 9. Page 2516.). passage, reading-1, reading-3
2025-09-04 In Assembly. Ordered to Engrossing and Enrolling. committee-passage
2025-09-11 Enrolled and presented to the Governor at 4 p.m.
2025-10-13 Approved by the Governor. executive-signature
2025-10-13 Chaptered by Secretary of State - Chapter 702, Statutes of 2025. became-law
Source
OpenStates / OpenCivicData bulk snapshot 2026-07-01; origin ocd-bill/0544f320-93ca-4b0e-ba6d-b1dc6f4fa3b2. Confidence: reported (aggregated from official California legislature records).