California: University of California Intends to Increase Financial Aid (Los Angeles Times)
"As the University of California seeks to sharply increase student fees, its president, Mark G. Yudof, announced plans today to soften the impact with an ambitious campaign to raise $1 billion for financial aid and a policy change widening aid eligibility for more middle-income families," the Los Angeles Times reports. "The 10 UC campuses have committed to raising the $1 billion in private funds for student aid over the next four years, Yudof said. That would be double the amount the system garnered for that purpose over the last five years. The university also wants to expand an existing financial aid program that uses UC, federal and state grants to cover all basic education fees, but not room and board, for most students whose family incomes are $60,000 or below. Yudof announced that he will ask the Board of Regents to broaden the 'Blue and Gold Opportunity Plan' to cover household incomes up to $70,000 to ensure that no academically qualified student is shut out of UC."
You can read the complete Oct. 23, 2009 Los Angeles Times article on-line.
Posting of "Financial Aid in the News" does not imply endorsement or support by NASFAA. If you attempt to access an article and receive a "not found" message, it is likely
that the article has been removed from the site. Posted 10/26/09 to www.NASFAA.org. Please submit Web site questions or comments to Web@NASFAA.org.
