Financial Aid Deadline Approaching for CSU Students
(February 15, 2011) - Students wishing to apply for financial aid for California State University campuses for the 2011-12 academic year have less than three weeks remaining to submit their Free Application for Federal Student Aid (FAFSA). The priority deadline for submitting a FAFSA is Wednesday, March 2, 2011. Students are strongly encouraged to apply before the priority deadline as financial aid may be limited for submissions after March 2.
The California State University's broad package of financial aid programs - including federal or state grants, scholarships, CSU system or campus grants, work-study and federal loans - continues to provide students with access to an affordable college education.
"Despite the budgetary challenges of the past few years, the CSU continues to provide aid to students needing financial assistance in obtaining their goal of a college education," said Ephraim P. Smith, CSU executive vice chancellor and chief academic officer. "With over half of the system's students receiving financial aid, these programs are a critical component in developing the workforce that will drive the state's economy."
Traditionally, half of the students who attend the CSU receive financial aid and the majority of undergraduate students have their tuition fees completely covered by grants or waivers.
"Over 50 percent of all CSU undergraduates have their fees fully covered by Cal Grants, the State University Grant program or the variety of waiver programs that are available," said Dean Kulju, CSU director of student financial aid services and programs at a recent oversight hearing for the California State Assembly's Committee on Higher Education. "This is how we try to reduce the price of enrollment at the CSU."
During the 2009-10 academic year, 266,182 CSU students received over $2.8 billion in federal and state financial aid. Much of this came in the form of State University Grants (SUGs) that delivered $346.5 million to 100,103 undergrads and an additional $78.8 million to 19,325 graduate students.
The SUG program was established in 1982-83 to provide need-based grants to eligible California residents who enroll at CSU campuses in undergraduate, post-baccalaureate and graduate programs. In 1993, the CSU Board of Trustees approved a new financial aid policy and the CSU currently invests one-third of annual incremental tuition fee revenues to augment the SUG program. The university's commitment to the program is nearly $431 million for 2010-11.
For more information about the financial aid options available to CSU students, please visit http://www.csumentor.edu/finaid/steps/
Students wishing to complete the online version of the FAFSA, can visit http://www.fafsa.ed.gov/
About the California State University
The California State University is the largest system of senior higher education in the country, with 23 campuses, approximately 412,000 students year round and 43,000 faculty and staff. Since the system was created in 1961, it has awarded nearly 2.5 million degrees, about 90,000 annually. The CSU is renowned for the quality of its teaching and for the job-ready graduates it produces. A recent economic report found that the CSU supports more than 150,000 jobs statewide, annually. The engine driving job creation is more than $17 billion in economic activity that directly results from CSU-related spending that generates $5.43 for every dollar the state invests. The mission of the CSU 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.
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