Senate BillIntroducedEducation
SB 1362: DREAM grant program.
What SB 1362 does, verified March 5, 2026
The bill aims to amend the existing California Dream Loan Program, which provides financial aid to students attending participating UC or CSU campuses. The program requires students to meet certain requirements to be eligible for a Dream Loan. Additionally, participating institutions can award Dream Grants to eligible students if they have unawarded funds in their Dream Revolving Fund. The bill makes a nonsubstantive change to the existing provision, which means it does not add or remove any substantive content, but rather updates the language for clarity or consistency.
Bill journey
1IntroducedCurrent
2In CommitteePending
3First Chamber FloorPending
4Second ChamberPending
5GovernorPending
6ChapteredPending
Last action: Referred to Com. on RLS. (2026-03-04)Alert me
Author and sponsors
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| Mar. 04, 2026 | Referred to Com. on RLS. |
| Feb. 23, 2026 | Read first time. |
| Feb. 23, 2026 | From printer. May be acted upon on or after March 23. |
| Feb. 20, 2026 | Introduced. To Com. on RLS. for assignment. To print. |
Latest bill textIntroduced version, February 20, 2026 · 338 words
CALIFORNIA LEGISLATURE— 2025–2026 REGULAR SESSION
Senate Bill
No. 1362
| Introduced by Senator Gonzalez |
February 20, 2026 |
An act to amend Section 70035.5 of the Education Code, relating to student financial aid.
LEGISLATIVE COUNSEL'S DIGEST
SB 1362, as introduced, Gonzalez. DREAM grant program.
Existing law establishes the California DREAM Loan Program, which provides a student attending a participating campus of the University of California or California State University with a loan, referred to as a DREAM loan, if the student satisfies specified requirements. Existing law also authorizes participating institutions to award DREAM grants to grant-eligible students, as defined, if the institution has unawarded funds in the institution’s DREAM revolving fund, as specified.
This bill would make a nonsubstantive change to the provision establishing the DREAM grant program.
The people of the State of California do enact as follows:
SECTION 1.
Section 70035.5 of the Education Code is amended to read:70035.5.
(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.
(c) Each participating institution may award DREAM grants to grant-eligible students if that the participating 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.
Text of SB 1362 as introduced, from the official record. Connect Plus keeps every version and highlights what changed.Compare versions