The new information gives new insight into intergenerational debt. Experts argue that the federal loans taken out by low-income parents can be a net negative for the family.Earlier in the year, the UC said it would award additional aid to 6,000 low-income students this fall so the students could avoid loans.
The state Legislature and Gov. Gavin Newsom are expected to commit $632 million this year as part of a down payment on a. Once fully funded, the grant is supposed to give students enough money to cover the full cost of attendance after parental support, part-time work and grant aid are considered.
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