Monday, February 13, 2012

Cal Grant Budget proposed to be cut by $110 Million - Whitney Irick, Pepperdine Graphic

Gov. Jerry Brown’s proposal to cut $110 million from the Cal Grant budget would affect financial aid for approximately 430 students at Seaver College and more than 26,000 students in California in both public and private universities. The proposed changes would apply to both incoming and returning students and would be implemented as soon as the 2012-2013 school year. These changes are part of Brown’s plan to close the state’s growing deficit. If approved, $131.2 million would be saved by reducing the Cal Grant maximum award of $9,708 to $5,472.