California Education Code 70035.5 – (a) It is the intent of the Legislature to establish the DREAM …
(a) It is the intent of the Legislature to establish the DREAM grant program.
(b) Commencing with the 2024-25 academic year, a grant-eligible student attending a participating institution may receive a DREAM grant pursuant to this section.
Terms Used In California Education Code 70035.5
- Financial need: means a student's financial need calculated pursuant to the federal financial need methodology (as established by Title IV of the federal Higher Education Act of 1965, as amended (20 U. See California Education Code 70032
- Grant-eligible student: means a student who has applied for financial aid using the application established by the commission pursuant to subdivision (b) of Section 69508. See California Education Code 70032
- Participating institution: means any campus of the California State University or the University of California that elects to participate in the DREAM Program pursuant to the requirements specified for a qualifying institution as set forth in this article. See California Education Code 70032
(c) Each participating institution may award DREAM grants to grant-eligible students if that institution has unawarded funds in the institution’s DREAM revolving fund that were new state, institutional matching, or loan repayment funds deposited during the previous academic year pursuant to Section 70035.
(d) DREAM grants shall be provided during the academic year immediately following the academic year in which there was an unawarded DREAM revolving fund balance.
(e) In a given academic year, a DREAM grant shall not exceed a student’s financial need.
(f) The amount of a DREAM grant offered to an individual student by a participating institution shall be determined by the institution. Priority shall be given to DREAM grants for instructional programs.
(g) A DREAM grant awarded pursuant to this section shall not count towards the annual and aggregate borrowing limits described in subdivision (a) of Section 70034.
(Added by Stats. 2023, Ch. 622, Sec. 2. (SB 633) Effective January 1, 2024.)