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California public colleges and universities will receive a massive funding boost to expand affordable student housing, repair aging facilities, better train students for state workforce needs and shift Humboldt State to a technology focus under the budget proposal unveiled Friday by Gov. Gavin Newsom.
The state’s unexpected $75-billion surplus allowed Newsom to restore steep cuts imposed last year as the COVID-19 pandemic battered the economy and to invest a record-setting $48.7 billion in the University of California, California State University, California Community Colleges and the California Student Aid Commission. That amounts to a 5% increase in base ongoing general funds for UC and Cal State, Newsom said.
Financial aid still comes with crippling debt for some UC students, study finds
Sacramento Bee 2 hrs ago By Hannah Wiley, The Sacramento Bee
Students of color and low-income graduates are up to three times more likely to take on student loan debt than their white and wealthy peers at University of California schools, a new study from The Institute for College Access and Success and the University of California Student Association found.
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Despite UC’s robust financial aid offerings, the groups discovered that 67 percent of African-American and 66 percent of Latino graduates walked away with loan debt, far surpassing 40 percent of their white counterparts and well above the 50 percent average for all students.