The California State University will avoid a $250 million mid-year budget cut after voters’ approval of Proposition 30, and will start the process of rescinding the $249 per semester ($166 per quarter) tuition fee increase already in place. With the passage of Proposition 30, CSU’s budget will essentially remain flat for the remainder of this fiscal year, but state funding is still approximately $1 billion less than several years ago.
“We are hopeful that the passage of Proposition 30 will be the beginning of the state’s reinvestment in higher education,” said CSU Chancellor Charles B. Reed. “The long term benefits of additional revenue can only be realized if higher education is once again a priority. The state needs to start making up for the devastating budget cuts of the past several years, and focus on higher education as a driver of California’s economic future.”
The CSU Board of Trustees had previously approved a contingency plan to rescind a $249 per semester ($166 per quarter) tuition fee increase that took effect for the fall 2012 term. Annual tuition fees for full-time undergraduate students will now revert back to $5,472 – the same rate as in the 2011-2012 academic year. Students will either be credited, refunded or receive a reconfigured financial aid package to account for the revised tuition fee rates.
Campus enrollments will also remain constant for fall 2013. The system had held applications from new students pending the outcome of Proposition 30, which has a direct impact on funded enrollment targets. Campuses will immediately begin to review applications for new student admissions for the fall.
When would we receive the refund checks?
The CSUSB Financial Aid Office posted the following FAQ online:
http://finaid.csusb.edu/documents/Prop_30_Frequently_Asked_Questions_Final.pdf
According to that document, “All applicable refunds will be processed by December 21, 2012 and will be either electronically transferred to your designated bank account if you have enrolled in direct deposit or mailed to you.”
If you have further questions, you can contact the CSUSB Financial Aid Office directly at 909.537.5227.
Hope that helps!
Alan Llavore
news.csusb.edu
hello i currently attend csusb. my question is how will prop 30 passing affect financial aide???…will we pay more or less??…will we get more grants??…
The official notice with detailed information will be going out in the next week or so, and that should include information about financial aid as well. Hopefully that will answer all of your questions… Thanks!
Relieved and happy. Hopefully the state will work hard to once again regain the values and priorities that once made the schools and universities the best in the nation.