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TICAs, alongside consumer and civil rights groups, submitted a letter that urges California budget leaders to strengthen the state’s primary regulatory agency for private proprietary education institutions, and calls for maintaining key student loan borrower protections. The letter urges the legislature to adopt statutory changes into the final 2025-26 state budget that address procedural costs to ensure that the Bureau for Private Postsecondary Education remains fiscally solvent. Additionally, the letter calls for the legislature to adopt and build upon Trailer Bill Language to maintain the usage of three-year cohort default rate (CDR) from 2020 as a key component of protecting student borrowers from the worst debt outcomes.
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