Postsecondary education: Cal Grant awards.

The Cal Grant Program establishes the Cal Grant A and B Entitlement awards, the California Community College Transfer Entitlement awards, the Competitive Cal Grant A and B awards, the Cal Grant C award, and the Cal Grant T award under the administration of the Student Aid Commission, and establishes eligibility requirements for awards under these programs for participating students attending qualifying institutions. This bill would require, for the 2016–17 academic year, and every year thereafter, the commission to cap individual Cal Grant A and B Entitlement awards, California Community College Transfer Entitlement awards, and Competitive Cal Grant A and B awards at a specified amount, and would authorize the commission to annually adjust that amount to reflect changes in the Consumer Price Index, as calculated by the United States Bureau of Labor Statistics.