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Press Release Affordability

CSU Statement on Federal Plan for Targeted Debt Cancellation



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The following statement can be attributed to CSU Interim Chancellor Jolene Koester:

“The California State University is committed to providing an affordable, high-quality education for all Californians, and reducing the burden of debt for our students is another critical step to ensure that they start their careers on solid financial footing. At the CSU, fewer than half our students borrow, and those that do borrow significantly less than the national average.

Nearly half of the CSU's undergraduate students are Pell Grant recipients, so today's announcement is welcome news for many. With even less debt, these students and our recent alumni will be better positioned to strengthen the California workforce and communities throughout the state as they pursue their professional and personal dreams.

I applaud and thank the Biden-Harris Administration for their dedication and ongoing efforts to support our students.

Increasing the maximum Pell Grant award to $13,000 is another important strategy for making higher education accessible and affordable, and would greatly reduce the need for CSU students to take on debt while in college. We will continue to work with our federal leaders to advance this effort, and to ensure that a CSU education remains an unparalleled value."​

About the California State University

The California State University is the largest system of four-year higher education in the country, with 23 campuses, 477,000 students and 56,000 faculty and staff. Nearly 40 percent of the CSU's undergraduate students transfer from California Community Colleges. The CSU was created in 1960 with a mission of providing high-quality, affordable education to meet the ever-changing needs of California. With its commitment to quality, opportunity and student success, the CSU is renowned for superb teaching, innovative research and for producing job-ready graduates. Each year, the CSU awards more than 132,000 degrees. One in every 20 Americans holding a college degree is a graduate of the CSU and our alumni are 4 million strong. Connect with and learn more about the CSU in the CSU NewsCenter.