SAN FRANCISCO (KCBS) -- Among those receiving IOUs from the State of California is the commission that administers the Cal Grant program many students depend on to be able to afford college.
How hard a particular student will feel that impact depends largely on which college they attend.
KCBS' Doug Sovern reports
University of California spokesman Ricardo Vazquez said UC can cover the IOU money for the small number of summer students that get Cal Grants. UC officials haven’t decided yet whether they can afford the $7,000 per student outlay this fall.
“What we have done in the past is use funds from the university’s reserves to cover those grants for students,” Vazquez said.
The 60,000 students in the California State University system are in luck. Spokesman Erik Fallis said CSU will front the money and wait for those IOUs to cash later.
“CSU is going to look at ways to cover what the Cal Grants would have provided, at least for their student fees,” Fallis said.
Private universities are making their own decisions.
The bigger question remains whether the Cal Grant program will be wiped out entirely once the state budget is balanced. The state’s $26 billion deficit has jeopardized funding for the California Student Aid Commission, and the free money it provides for college.
(jro)
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