California Student Aid Commission Announces $62.For Cal Grants
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Summary
SACRAMENTO, Calif., June 2, 2011 /PRNewswire-USNewswire/ -- The California Student Aid Commission (Commission) is pleased to announce that the ECMC Board of Directors has committed to funding an additional $20 million for the 2011-12 Cal Grant Program, bringing the total commitment to $62.25 million.
On September 23, 2010, the Commission appealed the United States Department of Education's decision to terminate the Commission's student loan guarantee program agreement and to transfer the program to Educational Credit Management Corporation (ECMC). The Commission withdrew its appeal after the U.S. Department of Education and the Commission negotiated an agreement that addressed concerns that the Cal Grants, financial aid and financial aid services to over 330,000 California students, had been placed at risk.See the full content of this document
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California Student Aid Commission Announces $62.For Cal Grants
The Commission's negotiations with the U.S. Department of Education resulted in $100 million for the 2010-11...
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