Identify Activity That Will Require
Augmentation in FY 2001-02
FINANCIAL AID-CAL
GRANT & REGULATORY SUPPORT
This request is to
fund an increase in the staff of the Financial Aid Business
Office and the Financial Aid Office to meet the requirements
of the historic expansion of the state Cal Grant Program
as well as new federal regulatory changes.
Expansion
of the Cal Grant Programs – The Governor and
Legislature has orchestrated an incredible increase in the
Cal Grant programs, which will greatly benefit CSULB students.
The Legislative Analyst’s Office estimates a 37 percent
increase in awards for next year alone. This dramatic windfall
for students will bring increased workload and compliance
requirements. The Cal Grant programs require:
Federal Regulations –
The Department of Education has now implemented the last
major part of the last Higher Education Reauthorization.
This was the nationally controversial Title IV Refund Regulation.
These regulations implement a complex formula for calculating
the amount of aid a student has ‘earned’ when
they withdraw from the institution. The complex variables
that are used in the calculation require that each case
be calculated individually by professional staff. The University
has been notified through the system-wide audit that we
must be in full compliance with these demanding regulations.
Compliance will require extensive monitoring and manual
processing including:
