Increasing financial aid so California students can graduate public colleges and universities without debt could cost the state up to $3.3 billion annually, according to a new report from the Legislative Analyst’s Office.
The report, “Creating a Debt Free College Program,” found that even with the additional funding, students would still need to rely on existing state and federal aid, financial support from parents, and students’ income from full- or part-time jobs in order to graduate without costly loans.
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