69852.
(a) The Students at Risk of Homelessness Emergency Pilot Program is hereby established under the administration of the commission to award loans for housing and college attendance costs to students attending institutions who are at risk of disenrolling from the institution, or are at risk of homelessness, due to the inability to pay for housing. demonstrate financial need.(b) The commission
shall enter into a contract with a nonprofit organization for the organization to award loans to eligible students. The contract may include a provision that authorizes no more than 2 2.5 percent of the funds provided to the nonprofit organization for purposes of this article to be used by the nonprofit organization for its administrative costs under the program. program for each year that the program is operational.
(c) A student attending an institution may be awarded a loan if the student satisfies all
both of the following requirements:
(1) Demonstrates financial need.
(2) Is enrolled at least part-time in an undergraduate program program, or a lower division community college program, at an institution.
(3)Demonstrates that they are at risk of homelessness.
(4)Maintains satisfactory academic progress.
(d) The nonprofit organization contracted pursuant to subdivision (b) shall be responsible for all of the following:
(1) Upon the receipt of funds from the commission for purposes of this article, determining student eligibility for a loan.
(2) Determining the amount of a loan. The amount of a loan shall not exceed a reasonable estimate of housing and college attendance costs, as determined by the nonprofit organization, and shall be based on the financial need of the student.
(3) Awarding loans to students.
(e) A loan awarded to an eligible student pursuant to this article shall have no interest rate. A student shall not be charged a fee on a loan awarded pursuant to this article or to participate in the program.
(f) The standard repayment term for a loan awarded under the program shall be no more than four 10 years, as determined in the contract entered into pursuant to subdivision (b). The standard commencement and rate of loan repayment shall be determined in the contact contract entered into
pursuant to subdivision (b).
(g) A student who is in default on any federal student loan, state student loan, or student loan issued by the University of California
segment or the institution is not eligible for a loan under the program.
(h) (1) A student shall confirm in writing that the student satisfies all of the requirements for loan eligibility.
(2) A student seeking a loan shall authorize the nonprofit organization contracted pursuant to subdivision (b) to access any information pertinent to certifying that the student meets all of the requirements for loan eligibility.
(3) The nonprofit organization contracted pursuant to subdivision (b) shall certify that the student meets all of the requirements for loan eligibility before awarding a loan to the student.
(i) (1) The nonprofit organization contracted pursuant to subdivision (b) shall submit an annual report to the commission that includes, but is not limited to, both of the following for the previous award year:
(A) The number of students who qualified for a loan.
(B) The number of students awarded a loan.
(2) The commission shall submit an annual report to the Legislature, pursuant to Section 9795 of the Government Code, that includes the information submitted pursuant to paragraph (1).
(3) The information in paragraphs (1) and (2) shall be disaggregated by institution and the age, gender, race, and ethnicity of
students.