May 12, 2006 - California Proposed Budget to Boost Cal Grants

Governor Schwarzenegger presented a revised budget plan for next year and there are several higher education items.

There will be no Fall funding increases at California State University and the University of California.

There will be a one time funding of a three year pilot program which will provide up to 40 nurse education recruitment grants for full time students in an accelerated nursing degree program who will commit to a four year state employment requirement. Failure to graduate or fulfill the employment requirement would trigger a repayment provision.

The San Francisco Chronicle reports that Cal Grants will be increasing from $8,322 to 9,708. However, I wasn't able to find that in the press release from the Governor's office.

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Florida House and Senate Pass Student Financial Assistance Bill

Today the Florida House of Representatives and Senate passed HB 795, the Student Financial Assistance bill. The bill creates the First Generation Matching Grant Program which will provide financial aid to financially needy undergraduate students of a state university and whose parents have not earned a baccalaureate degree. The bill will now go to Governor Jeb Bush, who is expected to sign the measure into law. The effective date will be July 1, 2006.

Technorati Tags: Financial Aid Paying for College Florida Grants First Generation Matching Grant