66014.25.
(a) The California State University and four-year private postsecondary educational institutions, as defined in Section 94858, and independent institutions of higher education shall, and the University of California is requested to, include Notwithstanding Section 67400, the California State University, the University of California, and independent institutions of higher education shall include, at a minimum, the following items in a calculation of a full-time student’s cost of attendance at that institution:(1) Tuition and fees.
(2) Allowance for books and supplies.
(3) Room and board, including the cost of on-campus housing and off-campus housing, based on the average cost of housing of the community immediately surrounding the institution, adjusted annually to reflect the changes in cost of living.
(4) Transportation, including the cost of airfare, trainfare, or busfare, for at least two annual round trip tickets, for students at least 100 miles away from home.
(5) Technology and connectivity, including the cost of one laptop computer and any necessary program software.
(6) Extracurricular activities Extracurricular
activities, including the cost to participate in sports, clubs, and other recognized student organizations.
(7) Health care costs equivalent to at least the cost of student-insurance plan offered by the institution.
(8)Dependent care costs.
(b) The California State University and a four-year private postsecondary
educational institution shall, and the University of California is requested to, Notwithstanding Section 67400, the California State University, the University of California, and independent institutions of higher education shall do all of the following:
(1) Disclose to a student in accurate and meaningful ways how they created their cost of attendance estimates required pursuant to subdivision (a).
(2)(A)Provide regular updates to a student regarding how much the student has borrowed, the student’s estimated monthly payments after graduation, and how close the student is to aggregate borrowing limits.
(B)Information regarding aggregate borrowing limits shall also include an estimate of average earnings for a student in a particular major following graduation and the various options the student has for repayment.
(3)
(2) Provide a student with the option of receiving financial aid disbursements every other week or every month. once per month during the academic term.