2012-13 Budget Act Changes

August 1, 2012

California Student Aid Commission

Cal Grant Eligible Listswww.csac.ca.gov

Eligible – institutions that are below the cohort default rate (CDR) of 15.5% and above the graduation rate of 30%. No awarding/disbursement restriction to Cal Grant recipients. Exception one – Schools with less than 40% or less borrowing federal

loans Exception two – Schools with a CDR or less than 10% and a

graduation rate above 20 percent for students taking 150 percent or less of the expected time to complete degree requirements

Ineligible – institutions that do no meet the CDR and graduation threshold rates. Institution may not receive and disburse Cal Grant funds to NEW recipients. Renewals may receive Cal Grant funds but at the 20% reduction.

Eligible or Ineligible

Cost Estimate Screen in WG

Ineligible Institution – New Award

 

Ineligible Institution – New Award Correspondence

Ineligible Institution – New Award WebGrants for Students

Ineligible Institution – Renewal

 

Ineligible Institution – Renewal Award Correspondence

Ineligible Institution – Renewal Award WebGrants for Students

New and Renewal Cal Grant A and B recipients at private and independent institutions will have the maximum T/F award reduced by 5% from $9708 to $9223.

New and Renewal Cal Grant C recipients will have the T/F award reduced by 5% from $2592 to $2462 and B/S reduced by 5% from $576 to $547.

These students will be notified via email of their award reduction the week of August 6.

Eligible Institution Awards

Eligible Institution Awards

New and Renewal Cal Grant B – Access only students received a 5% reduction from $1551 to $1473.

These students will not receive a formal notification, but can see the award reduction in their WGS account and the budget language on the WGS home portal

Grant Operations Memo

SegmentSchool

Eligibility New/Renewal Program2011-12

Award Amount2012-13

Award AmountStudent

Correspondence

CCC Eligible New & Renewal B Access $1,551 $1,473 None

  C B/S $576 $547 None

UC Eligible New & Renewal A $12,192 $12,192 None

New B Access $1,551 $1,473 None

Renewal B T/F & Access $13,743 $13,665 None

CSU Eligible New & Renewal A $5,472 $5,970 None

New B Access $1,551 $1,473 None

Renewal B T/F & Access $7,023 $7,443 None

All Others Eligible New & Renewal A $9,708 $9,223 CSAC Email

New B Access $1,551 $1,473 None

Renewal B T/F & Access $11,259 $10,696 CSAC Email

Not eligible New A, B, C Ineligible payment Ineligible payment Letter 7644

Renewal A $7,776 $7,380 Letter 8305

Renewal B T/F & Access $9,327 $8,853 Letter 8305

Renewal C T/F & B/S $3,168 $3,009 CSAC Email

2012-13 Cal Grant C scoring/selection and Top 2 % will occur this week and reflected on rosters starting August 6.

Cal Grant C will have the priority occupations from the Sb451 changes.

Operations Memo will be released by Friday.

Cal Grant C & Top 2 %

Scheduled for Tuesday, August 14.

Eligible Institutions will receive a 50% fall term advance.

Ineligible Institutions will not receive a term advance, but rosters will be open to pay renewal students. Reimbursements will be made through the weekly supplemental process.

Institutions that have not submitted IPAs by August 14 will not receive a term advance and rosters will remain in halt pay status.

2012-13 Fall Term Advance

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School Support Services PHONE: 888-294-0153 (for school administrators only)

EMAIL: schoolsupport@csac.ca.gov

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