California delays Middle Class Scholarship awards for students
University of California and California state students will have to wait more to receive financial aid from the state's new Middle Class Scholarship program, a top official said.
Executive Director Diana Fuentes-Michel, of the California Student Aid Commission, said most students would not be able to apply for the grants to their tuition bills in the fall. However, they would be able to use the whole year's amount in the winter and spring.
Initially, it was estimated that around 156,000 students at the two public university systems would be informed about their financial aid in late July. But, the delay means that students will not be able to get the financial awards delay until as late as September 15, 2014.
The extraordinary tax-funded assistance to students is an attempt to support middle-class families that have an annual income of between $80,000 and $150,000, and are not eligible for other federal and state grants that cover much/all of lower-income students' tuition fees.
Eligible students at University of California will likely get as much as $1,706 under the new program, while Cal State students will receive $766 for the coming academic year. The grants could more than triple in the coming three academic years, covering 10 per cent to 40 per cent of students' tuition fees, depending on income of the families.
However, all those amounts of the financial aid can be reduced to some extent as more students appear to be eligible than initially thought. Students from more affluent families in the eligible range will receive smaller amounts.
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