2012/13 Supplemental Documentation

Financial Aid and Tuition Rates

Financial Aid - State University Grant Funding

General Fund support for the State University Grant (SUG) program remains at the $33.7 million level of support funded in 1992/93. In March 1993, the CSU Board of Trustees unanimously approved the framework for a new student fee and financial aid policy that called for dedicating one-third of annual incremental fee revenues to augment the SUG program. Absent additional increases in state support for the SUG program, the Board approved set-aside of fee revenue has been the only source of funding CSU institutional grant aid.

Annual reviews of campus-reported data on eligible financial aid applicants and recipients are used to determine the number of students who qualify for SUG and the total funding for which they are eligible based on enrollment status and fees paid and the level of their expected family contribution. Preliminary 2010/11 estimates reflect 125,677 CSU students received SUG awards out of 201,395 eligible students.

Financial Aid-SUG Funding
Funding Source 2008/09 2009/10 20010/11 Estimated
2011/12
Estimated
2012/13
CSU Tuition Revenue $279,896,000 $397,926,000 $431,007,000 $577,421,000 $598,402,000
State Funds 33,785,000 33,785,000 33,785,000 33,785,000 33,785,000
2012/13 SUG Adjustment for AB 131         4,500,000
Total Financial Aid-SUG Funding $313,681,000 $431,711,000 $464,792,000 $611,206,000 $636,687,000

CSU allocations for the SUG program represents allowances for foregone revenue the university would have received.