DFPI Monthly Bulletin – July 2022

Student Loan Borrower Campaign Gains 2022-23 Budget Funding

The California Legislature has approved $10 million in General Fund money for the DFPI to conduct a student loan borrower outreach campaign as part of the 2022-2023 Budget.

  • $7.25 million will be dedicated to creating a grant program to provide resources to community-based organizations that provide direct assistance to student loan borrowers.
  • $2.75 million will be dedicated to targeted public outreach to notify people with federal student loans about available resources and webinars to help them prepare for deadlines related to the repayment restart, Public Service Loan Forgiveness (PSLF) waiver program, and how to file student loan related complaints and inquiries.

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