California State University Students' Financial Aid Packages
Will Be Updated
(Updated: July 31, 2009) – Students receiving financial aid to attend the California State University will have their financial aid packages updated to reflect the recent increase adopted by the CSU Board of Trustees on July 21, according to the CSU Budget Office.
Maintaining a longstanding CSU practice, the university has set aside one-third ($79 million) of the latest fee increase to augment financial aid for students. Campuses will be provided State University Grant dollar-for-dollar fee offsets for 2009-10–including both the $306 increase adopted by the CSU Board of Trustees at its May 2009 meeting, as well as the $672 increase adopted in July 2009–to allocate to their students.
Cal Grant awards provided by the state will also cover the total $978 overall fee increase for 2009-10.
"Our priority is to ensure continued access to college for California's low-income families and underserved communities," said Allison G. Jones, CSU assistant vice chancellor for student academic support. "We will continue to provide financial support to all students in need."
The CSU Financial Aid Office estimates that more than 187,000 CSU students will pay no fee increase through offsets by the State University Grants, federal grants, CSU fee waivers, and newly expanded federal tax credits. Also, the CSU is the largest recipient of federal Pell Awards, and the federal stimulus package will provide an additional $81 million for 120,000 of the CSU’s students.
Students from families making $75,000 or less pay no fees after all available sources of financial aid are factored in. Many other students, including those from families making up to $180,000, will qualify for financial aid and tax credits.
Questions on individual packages are being directed to campus financial aid offices.
About the California State University
The California State University is the largest system of senior higher education in the country, with 23 campuses, approximately 450,000 students and 46,000 faculty and staff. Since the system was created in 1961, it has awarded nearly 2.5 million degrees, about 90,000 annually. Its mission is to provide high-quality, affordable education to meet the ever-changing needs of the people of California. With its commitment to excellence, diversity and innovation, the CSU is the university system that is working for California.