California Education Code ARTICLE 13 - Federal Family Education Loan Program

• Section 69760.
  California is hereby authorized to participate in the Federal Family Education Loan Program for eligible postsecondary students and their parents, which includes, but is not...
• Section 69761.
  (a) The purposes of California’s participation in the Federal Family Education Loan Program are as follows:(1) To ensure that, in meeting their educational costs, a source of...
• Section 69761.5.
  The commission shall serve as a state student loan guarantee agency, pursuant to P.L. 94-482, and subsequent federal regulations, including, but not limited to, the...
• Section 69761.7.
  To promote responsible and timely repayment of guaranteed student loans, the commission shall establish a process to ensure regular, annual credit reporting on the repayment...
• Section 69762.
  Loans made pursuant to this chapter shall be made without regard to race, religion, creed, sex, sexual orientation, gender identity, or gender expression.(Amended by Stats....
• Section 69763.
  (a) (1) The commission shall administer the Federal Family Education Loan Program as authorized pursuant to this chapter. The commission may enter into any contract with the...
• Section 69763.1.
  (a) If a borrower defaults on a guaranteed student loan and the lender’s default claim has been paid, the Student Aid Commission shall fulfill the collection...
• Section 69763.2.
  (a) The clerk, immediately upon the filing of the certificate specified in Section 69763.1, shall enter a judgment for the people of the State of California...
• Section 69763.3.
  At any time before wages are garnished or a lien is placed on property, a borrower may pay the Student Aid Commission the amount of...
• Section 69763.4.
  If the Student Aid Commission, or an authorized agent, has reasonable cause to believe that a lien on property may be jeopardized within the 10-day...
• Section 69764.
  In the event that the amount of loans applied for under this article exceeds the amount of the loans that may be guaranteed pursuant to...
• Section 69765.
  (a) The commission shall guarantee any student loan made pursuant to this article in the amount specified in federal statutes and regulations.(b) The commission shall establish the...
• Section 69766.
  (a) The Federal Student Loan Reserve Fund and the Student Loan Operating Fund are hereby created in the State Treasury. On January 1, 2000, the State...
• Section 69766.1.
  (a) Notwithstanding Section 13340 of the Government Code, in addition to the purposes for which funds are appropriated pursuant to Section 69766, there is hereby continuously...
• Section 69767.
  The Treasurer shall invest, pursuant to statute, any surplus money in the Federal Student Loan Reserve Fund and the Student Loan Operating Fund. The interest...
• Section 69768.
  (a) The funds in the Federal Student Loan Reserve Fund and the Student Loan Operating Fund shall be paid out by the State Treasurer on warrants...
• Section 69769.
  The commission shall establish a Loan Advisory Council. The Loan Advisory Council shall be composed of 17 members, appointed by the commission, composed of representatives...
• Section 69769.3.
  (a) The Loan Advisory Council established pursuant to Section 69769 shall be composed of members appointed from the following groups:(1) Four representatives of the lending community participating...
• Section 69769.4.
  In addition to the members appointed to the Loan Advisory Council pursuant to Section 69769.3, the United States Department of Education may appoint one nonvoting...
• Section 69769.5.
  The Loan Advisory Council shall review the activities and policies of the Federal Family Education Loan Program and shall regularly advise the commission of its...
• Section 69769.7.
  (a) The Loan Advisory Council shall annually elect a chair and a vice chair from its membership. Representatives who serve on, or are employed or retained...
• Section 69771.
  This article shall be applicable to the extent that its provisions do not conflict with Title IV of the Higher Education Act of 1965, or...
• Section 69772.
  The commission shall annually report on the numbers of students participating in the program, total loan volume, and the postsecondary educational institutions in which participating...
• Section 69774.
  (a) The commission shall provide, with each application form for the Federal Family Education Loan Program a notice to the student informing him or her that,...
• Section 69775.
  The commission shall develop and distribute in cooperation with postsecondary educational institutions and private lenders, simple, common consumer information for prospective student borrowers.(Amended by Stats....
• Section 69776.
  The commission may contract for all or part of administrative support services.(Added by Stats. 1977, Ch. 1201. Repealed conditionally by Stats. 2007, Ch. 184, Secs....
• Section 69776.5.
  The commission may enter into contracts with a public agency or a private entity to improve the processing and distribution of guaranteed student loan applications...
• Section 69777.
  The commission shall encourage private lenders to increase participation in the guaranteed student loan program.(Added by Stats. 1977, Ch. 1201. Repealed conditionally by Stats. 2007,...
• Section 69779.
  The General Fund shall not be liable for any student loan made prior to the effective date of the chapter which enacts this section.(Added by...

Last modified: October 22, 2018