| Old | New | Differences | |
|---|---|---|---|
| 1 | - | Amended IN Assembly | |
| 1 | + | Amended IN Assembly March 25, 2021 CALIFORNIA LEGISLATURE 20212022 REGULAR SESSION Assembly Bill No. 1118Introduced by Assembly Member LowFebruary 18, 2021 An act to amend Section 71090 of 66021.1 of, and to add Section 66021.15 to, the Education Code, relating to postsecondary education. LEGISLATIVE COUNSEL'S DIGESTAB 1118, as amended, Low. Community colleges: Chancellor of the California Community Colleges. Postsecondary education: institutional financial aid.Existing law establishes the California Community Colleges, under the administration of the Board of Governors of the California Community Colleges, the California State University, under the administration of the Trustees of the California State University, the University of California, under the administration of the Regents of the University of California, independent institutions of higher education, and private postsecondary educational institutions as the segments of postsecondary education in the state. Existing law requires the California State University, and requests the University of California, to annually report, on or before March 31, to the Legislature on their respective institutional financial aid programs.This bill would additionally require private nonprofit colleges and universities located in California that enroll 500 or more undergraduate students to provide these reports to the Legislature on their institutional financial aid programs. The bill would add the percentage of students graduating with $10,000 or more in debt and prescribed information related to the size of financial aid packages to the data required to be included in these reports.The bill would also require all California-based postsecondary educational institutions with endowment funds where the ratio of endowment dollars to enrolled students exceeds 200,000 to 1, or where the total endowment exceeds $1,000,000,000, to report designated information annually to the Legislature on their respective college endowment funds on or before March 31 of each year.Existing law establishes the California Community Colleges, under the administration of the Board of Governors of the California Community Colleges, as one of the segments of postsecondary education in this state. Existing law requires the board of governors to appoint a chief executive officer, known as the Chancellor of the California Community Colleges. Existing law further requires the chancellor to execute the duties and responsibilities delegated to the chancellor by the board of governors.This bill would make nonsubstantive changes to the provisions pertaining to the appointment, compensation, duties, and responsibilities of the chancellor. Digest Key Vote: MAJORITY Appropriation: NO Fiscal Committee: NOYES Local Program: NO Bill TextThe people of the State of California do enact as follows:SECTION 1. Section 66021.1 of the Education Code is amended to read:66021.1. (a) For purposes of this section, the following terms shall have the following meanings:(1) Institutional financial aid means all institutional grant aid, including institutional student need-based and merit-based aid.(2) Private nonprofit colleges and universities means private nonprofit colleges and universities located in California that enroll 500 or more undergraduate students.(2)(3) Students means California residents who are undergraduate students at the University of California or California, the California State University. University, or private nonprofit colleges and universities.(b) The California State University and private nonprofit colleges and universities shall, and the University of California is requested to, report annually to the Legislature on their respective institutional financial aid programs. The California State University and private nonprofit colleges and universities shall, and the University of California is requested to, provide reports on or before March 31 of each year.(c) The reports shall include all of the following:(1) A description of the goals, terms, and policies of each of the universitys institutional aid programs, including eligibility criteria, allocation of financial aid awards, fee waivers, and other relevant information.(2) A description and explanation of any changes the university has made to any of these policies since the prior year, and any changes the university intends to make for the next academic year.(3) The total amount the university expended on institutional aid for students, for the two prior academic years, the current year, and a projection for the next year, and the average and 90th percentile undergraduate institutional aid award amount provided per recipient for the prior two academic years and the current academic year.(4) By parental income level or expected family contribution deciles, both all of the following information for the prior academic year:(A) Net price, which is the balance of the total cost of attendance minus all grant aid.(B) The percentage of students receiving institutional aid and the average dollar amount of that institutional aid.(C) The percentage of students graduating with ten thousand dollars ($10,000) or more in debt, the average dollar amount of that debt, and the percentage of private loans and federal loans that are included in that debt.(5) For the prior academic year, the current academic year, and the budget year, an analysis identifying the estimated number of undergraduates with financial need; their aggregate cost of attendance and aggregate expected federal parent contribution; the aggregate amount of financial aid, including federal gift aid, state gift aid, institutional need-based aid, institutional merit-based aid, other institutional gift aid, and private gift aid, received by these students; the aggregate remaining amount to be met by work, borrowing, or other means; and an explanation of the estimated change in aggregate student need in the budget year resulting from changes in the cost of attendance, and other factors, including any fee increases proposed by the university in its fall budget proposal. The explanation shall include an estimate of the extent to which cost increases will be offset by federal, state, and institutional financial aid programs. The explanation shall also include an explanation of how year-to-year non-tuition cost increases were calculated.(6) The typical financial aid package for a typical dependent undergraduate student with a parent income of twenty thousand dollars ($20,000), forty thousand dollars ($40,000), sixty thousand dollars ($60,000), eighty thousand dollars ($80,000), and one hundred thousand dollars ($100,000). ($100,000), and one hundred twenty thousand dollars ($120,000).(7) An aggregate summary of financial aid awarded to students, including scholarships, grants, waivers, loans, and workstudy awards from federal, state, institutional, and private sources for the prior academic year.(8) Indicators of the effectiveness of the universitys aid programs in achieving the universitys stated goals related to financial aid.(9) Information on students who submit a Free Application for Federal Student Aid, or Dream Act Application, but do not receive a Cal Grant or institutional financial aid for the prior academic year. This information shall be disaggregated by race, ethnicity, expected family contribution deciles, and dependency status.(10) The California State University shall include information on the number of students who are eligible for a grant pursuant to the State University Grant Program but do not receive it or receive a partial award for the prior academic year. This information shall be disaggregated by race, ethnicity, and campus of attendance.(11) The University of California is requested to include information on the average undergraduate student financial self-help level. This information shall be disaggregated by race, ethnicity, and campus of attendance.(d) To the extent the university provides the information requested in subdivision (c) in reports to its governing board or in other university publications, those reports or publications may be submitted to the Legislature to satisfy this request.SEC. 2. Section 66021.15 is added to the Education Code, immediately following Section 66021.1, to read:66021.15. (a) This section applies to all California-based postsecondary educational institutions with endowment funds where the ratio of endowment dollars to enrolled students exceeds 200,000 to 1, or where the total endowment exceeds one billion dollars ($1,000,000,000).(b) An institution to which this section applies shall report annually to the Legislature on their respective college endowment funds on or before March 31 of each year. These reports shall be submitted in compliance with Section 9795 of the Government Code.(c) The reports required by this section shall include all of the following information: (1) Endowment return on investment for the previous fiscal year.(2) Total endowment spending amount or payout rate for the previous fiscal year, disaggregated by spending, including actual spending and percent spending, in all of the following categories:(A) Restricted and unrestricted payout.(B) Spending on need-based student aid, broken out in undergraduate and graduate categories.(C) Spending on merit-based student aid, broken out in undergraduate and graduate categories.(D) Fund management.(E) Capital improvements.(F) Research activities.(G) Faculty compensation.(H) Allocations to reserves or rainy day funds.(I) Percentage of gifts from the previous fiscal year to the fund that are endowed and the percentage that are functioning as endowment.(J) Spending for the previous academic year on low-income, first generation, and recruitment and retention of students who are Black, indigenous, or people of color.SECTION 1.Section 71090 of the Education Code is amended to read:71090.(a)The board shall appoint a chief executive officer, to be known as the Chancellor of the California Community Colleges, and fix the chancellors compensation.(b)The chancellor shall execute the duties and responsibilities delegated to the chancellor by the board. Whenever in this code a power is vested in the board, the board, by a majority vote, may adopt a rule delegating that power to the chancellor or any officer, employee, or committee designated by the board. The rule shall prescribe the limits of the delegation. | |
| 2 | 2 | ||
| 3 | - | ||
| 3 | + | Amended IN Assembly March 25, 2021 CALIFORNIA LEGISLATURE 20212022 REGULAR SESSION Assembly Bill No. 1118Introduced by Assembly Member LowFebruary 18, 2021 An act to amend Section 71090 of 66021.1 of, and to add Section 66021.15 to, the Education Code, relating to postsecondary education. LEGISLATIVE COUNSEL'S DIGESTAB 1118, as amended, Low. Community colleges: Chancellor of the California Community Colleges. Postsecondary education: institutional financial aid.Existing law establishes the California Community Colleges, under the administration of the Board of Governors of the California Community Colleges, the California State University, under the administration of the Trustees of the California State University, the University of California, under the administration of the Regents of the University of California, independent institutions of higher education, and private postsecondary educational institutions as the segments of postsecondary education in the state. Existing law requires the California State University, and requests the University of California, to annually report, on or before March 31, to the Legislature on their respective institutional financial aid programs.This bill would additionally require private nonprofit colleges and universities located in California that enroll 500 or more undergraduate students to provide these reports to the Legislature on their institutional financial aid programs. The bill would add the percentage of students graduating with $10,000 or more in debt and prescribed information related to the size of financial aid packages to the data required to be included in these reports.The bill would also require all California-based postsecondary educational institutions with endowment funds where the ratio of endowment dollars to enrolled students exceeds 200,000 to 1, or where the total endowment exceeds $1,000,000,000, to report designated information annually to the Legislature on their respective college endowment funds on or before March 31 of each year.Existing law establishes the California Community Colleges, under the administration of the Board of Governors of the California Community Colleges, as one of the segments of postsecondary education in this state. Existing law requires the board of governors to appoint a chief executive officer, known as the Chancellor of the California Community Colleges. Existing law further requires the chancellor to execute the duties and responsibilities delegated to the chancellor by the board of governors.This bill would make nonsubstantive changes to the provisions pertaining to the appointment, compensation, duties, and responsibilities of the chancellor. Digest Key Vote: MAJORITY Appropriation: NO Fiscal Committee: NOYES Local Program: NO | |
| 4 | 4 | ||
| 5 | - | ||
| 5 | + | Amended IN Assembly March 25, 2021 | |
| 6 | 6 | ||
| 7 | - | Amended IN Assembly April 15, 2021 | |
| 8 | 7 | Amended IN Assembly March 25, 2021 | |
| 9 | 8 | ||
| 10 | 9 | CALIFORNIA LEGISLATURE 20212022 REGULAR SESSION | |
| 11 | 10 | ||
| 12 | 11 | Assembly Bill | |
| 13 | 12 | ||
| 14 | 13 | No. 1118 | |
| 15 | 14 | ||
| 16 | 15 | Introduced by Assembly Member LowFebruary 18, 2021 | |
| 17 | 16 | ||
| 18 | 17 | Introduced by Assembly Member Low | |
| 19 | 18 | February 18, 2021 | |
| 20 | 19 | ||
| 21 | - | An act to amend Section 66021.1 of, and to add Section 66021.15 to, the Education Code, relating to postsecondary education. | |
| 20 | + | An act to amend Section 71090 of 66021.1 of, and to add Section 66021.15 to, the Education Code, relating to postsecondary education. | |
| 22 | 21 | ||
| 23 | 22 | LEGISLATIVE COUNSEL'S DIGEST | |
| 24 | 23 | ||
| 25 | 24 | ## LEGISLATIVE COUNSEL'S DIGEST | |
| 26 | 25 | ||
| 27 | - | AB 1118, as amended, Low. Postsecondary education: institutional financial aid. | |
| 26 | + | AB 1118, as amended, Low. Community colleges: Chancellor of the California Community Colleges. Postsecondary education: institutional financial aid. | |
| 28 | 27 | ||
| 29 | - | Existing law establishes the California Community Colleges, under the administration of the Board of Governors of the California Community Colleges, the California State University, under the administration of the Trustees of the California State University, the University of California, under the administration of the Regents of the University of California, independent institutions of higher education, and private postsecondary educational institutions as the segments of postsecondary education in the state. Existing law requires the California State University, and requests the University of California, to annually report, on or before March 31, to the Legislature on their respective institutional financial aid programs.This bill would additionally require private nonprofit colleges and universities located in California that enroll 500 or more undergraduate students to provide these reports to the Legislature on their institutional financial aid programs. The bill would add the percentage of students graduating with $10,000 or more in debt and prescribed information related to the size of financial aid packages to the data required to be included in these reports.The bill would also require all California-based postsecondary educational institutions with endowment funds where the ratio of endowment dollars to enrolled students exceeds 200,000 to 1, or where the total endowment exceeds $1,000,000,000, to report designated information annually to the Legislature on their respective college endowment funds on or before March 31 of each year. | |
| 28 | + | Existing law establishes the California Community Colleges, under the administration of the Board of Governors of the California Community Colleges, the California State University, under the administration of the Trustees of the California State University, the University of California, under the administration of the Regents of the University of California, independent institutions of higher education, and private postsecondary educational institutions as the segments of postsecondary education in the state. Existing law requires the California State University, and requests the University of California, to annually report, on or before March 31, to the Legislature on their respective institutional financial aid programs.This bill would additionally require private nonprofit colleges and universities located in California that enroll 500 or more undergraduate students to provide these reports to the Legislature on their institutional financial aid programs. The bill would add the percentage of students graduating with $10,000 or more in debt and prescribed information related to the size of financial aid packages to the data required to be included in these reports.The bill would also require all California-based postsecondary educational institutions with endowment funds where the ratio of endowment dollars to enrolled students exceeds 200,000 to 1, or where the total endowment exceeds $1,000,000,000, to report designated information annually to the Legislature on their respective college endowment funds on or before March 31 of each year.Existing law establishes the California Community Colleges, under the administration of the Board of Governors of the California Community Colleges, as one of the segments of postsecondary education in this state. Existing law requires the board of governors to appoint a chief executive officer, known as the Chancellor of the California Community Colleges. Existing law further requires the chancellor to execute the duties and responsibilities delegated to the chancellor by the board of governors.This bill would make nonsubstantive changes to the provisions pertaining to the appointment, compensation, duties, and responsibilities of the chancellor. | |
| 30 | 29 | ||
| 31 | 30 | Existing law establishes the California Community Colleges, under the administration of the Board of Governors of the California Community Colleges, the California State University, under the administration of the Trustees of the California State University, the University of California, under the administration of the Regents of the University of California, independent institutions of higher education, and private postsecondary educational institutions as the segments of postsecondary education in the state. Existing law requires the California State University, and requests the University of California, to annually report, on or before March 31, to the Legislature on their respective institutional financial aid programs. | |
| 32 | 31 | ||
| 33 | 32 | This bill would additionally require private nonprofit colleges and universities located in California that enroll 500 or more undergraduate students to provide these reports to the Legislature on their institutional financial aid programs. The bill would add the percentage of students graduating with $10,000 or more in debt and prescribed information related to the size of financial aid packages to the data required to be included in these reports. | |
| 34 | 33 | ||
| 35 | - | The bill would also require all California-based postsecondary educational institutions with endowment funds where the ratio of endowment dollars to enrolled students exceeds 200,000 to 1, or where the total endowment exceeds $1,000,000,000, to report designated information annually to the Legislature on their respective college endowment funds on or before March 31 of each year. odd-numbered year, commencing in 2023. | |
| 34 | + | The bill would also require all California-based postsecondary educational institutions with endowment funds where the ratio of endowment dollars to enrolled students exceeds 200,000 to 1, or where the total endowment exceeds $1,000,000,000, to report designated information annually to the Legislature on their respective college endowment funds on or before March 31 of each year. | |
| 35 | + | ||
| 36 | + | Existing law establishes the California Community Colleges, under the administration of the Board of Governors of the California Community Colleges, as one of the segments of postsecondary education in this state. Existing law requires the board of governors to appoint a chief executive officer, known as the Chancellor of the California Community Colleges. Existing law further requires the chancellor to execute the duties and responsibilities delegated to the chancellor by the board of governors. | |
| 37 | + | ||
| 38 | + | ||
| 39 | + | ||
| 40 | + | This bill would make nonsubstantive changes to the provisions pertaining to the appointment, compensation, duties, and responsibilities of the chancellor. | |
| 41 | + | ||
| 42 | + | ||
| 36 | 43 | ||
| 37 | 44 | ## Digest Key | |
| 38 | 45 | ||
| 39 | 46 | ## Bill Text | |
| 40 | 47 | ||
| 41 | - | The people of the State of California do enact as follows:SECTION 1. Section 66021.1 of the Education Code is amended to read:66021.1. (a) For purposes of this section, the following terms shall have the following meanings:(1) Institutional financial aid means all institutional grant aid, including institutional student need-based and merit-based aid.(2) Private nonprofit colleges and universities means private nonprofit colleges and universities located in California that enroll 500 or more undergraduate students.(3) Students means California residents who are undergraduate students at the University of California | |
| 48 | + | The people of the State of California do enact as follows:SECTION 1. Section 66021.1 of the Education Code is amended to read:66021.1. (a) For purposes of this section, the following terms shall have the following meanings:(1) Institutional financial aid means all institutional grant aid, including institutional student need-based and merit-based aid.(2) Private nonprofit colleges and universities means private nonprofit colleges and universities located in California that enroll 500 or more undergraduate students.(2)(3) Students means California residents who are undergraduate students at the University of California or California, the California State University. University, or private nonprofit colleges and universities.(b) The California State University and private nonprofit colleges and universities shall, and the University of California is requested to, report annually to the Legislature on their respective institutional financial aid programs. The California State University and private nonprofit colleges and universities shall, and the University of California is requested to, provide reports on or before March 31 of each year.(c) The reports shall include all of the following:(1) A description of the goals, terms, and policies of each of the universitys institutional aid programs, including eligibility criteria, allocation of financial aid awards, fee waivers, and other relevant information.(2) A description and explanation of any changes the university has made to any of these policies since the prior year, and any changes the university intends to make for the next academic year.(3) The total amount the university expended on institutional aid for students, for the two prior academic years, the current year, and a projection for the next year, and the average and 90th percentile undergraduate institutional aid award amount provided per recipient for the prior two academic years and the current academic year.(4) By parental income level or expected family contribution deciles, both all of the following information for the prior academic year:(A) Net price, which is the balance of the total cost of attendance minus all grant aid.(B) The percentage of students receiving institutional aid and the average dollar amount of that institutional aid.(C) The percentage of students graduating with ten thousand dollars ($10,000) or more in debt, the average dollar amount of that debt, and the percentage of private loans and federal loans that are included in that debt.(5) For the prior academic year, the current academic year, and the budget year, an analysis identifying the estimated number of undergraduates with financial need; their aggregate cost of attendance and aggregate expected federal parent contribution; the aggregate amount of financial aid, including federal gift aid, state gift aid, institutional need-based aid, institutional merit-based aid, other institutional gift aid, and private gift aid, received by these students; the aggregate remaining amount to be met by work, borrowing, or other means; and an explanation of the estimated change in aggregate student need in the budget year resulting from changes in the cost of attendance, and other factors, including any fee increases proposed by the university in its fall budget proposal. The explanation shall include an estimate of the extent to which cost increases will be offset by federal, state, and institutional financial aid programs. The explanation shall also include an explanation of how year-to-year non-tuition cost increases were calculated.(6) The typical financial aid package for a typical dependent undergraduate student with a parent income of twenty thousand dollars ($20,000), forty thousand dollars ($40,000), sixty thousand dollars ($60,000), eighty thousand dollars ($80,000), and one hundred thousand dollars ($100,000). ($100,000), and one hundred twenty thousand dollars ($120,000).(7) An aggregate summary of financial aid awarded to students, including scholarships, grants, waivers, loans, and workstudy awards from federal, state, institutional, and private sources for the prior academic year.(8) Indicators of the effectiveness of the universitys aid programs in achieving the universitys stated goals related to financial aid.(9) Information on students who submit a Free Application for Federal Student Aid, or Dream Act Application, but do not receive a Cal Grant or institutional financial aid for the prior academic year. This information shall be disaggregated by race, ethnicity, expected family contribution deciles, and dependency status.(10) The California State University shall include information on the number of students who are eligible for a grant pursuant to the State University Grant Program but do not receive it or receive a partial award for the prior academic year. This information shall be disaggregated by race, ethnicity, and campus of attendance.(11) The University of California is requested to include information on the average undergraduate student financial self-help level. This information shall be disaggregated by race, ethnicity, and campus of attendance.(d) To the extent the university provides the information requested in subdivision (c) in reports to its governing board or in other university publications, those reports or publications may be submitted to the Legislature to satisfy this request.SEC. 2. Section 66021.15 is added to the Education Code, immediately following Section 66021.1, to read:66021.15. (a) This section applies to all California-based postsecondary educational institutions with endowment funds where the ratio of endowment dollars to enrolled students exceeds 200,000 to 1, or where the total endowment exceeds one billion dollars ($1,000,000,000).(b) An institution to which this section applies shall report annually to the Legislature on their respective college endowment funds on or before March 31 of each year. These reports shall be submitted in compliance with Section 9795 of the Government Code.(c) The reports required by this section shall include all of the following information: (1) Endowment return on investment for the previous fiscal year.(2) Total endowment spending amount or payout rate for the previous fiscal year, disaggregated by spending, including actual spending and percent spending, in all of the following categories:(A) Restricted and unrestricted payout.(B) Spending on need-based student aid, broken out in undergraduate and graduate categories.(C) Spending on merit-based student aid, broken out in undergraduate and graduate categories.(D) Fund management.(E) Capital improvements.(F) Research activities.(G) Faculty compensation.(H) Allocations to reserves or rainy day funds.(I) Percentage of gifts from the previous fiscal year to the fund that are endowed and the percentage that are functioning as endowment.(J) Spending for the previous academic year on low-income, first generation, and recruitment and retention of students who are Black, indigenous, or people of color.SECTION 1.Section 71090 of the Education Code is amended to read:71090.(a)The board shall appoint a chief executive officer, to be known as the Chancellor of the California Community Colleges, and fix the chancellors compensation.(b)The chancellor shall execute the duties and responsibilities delegated to the chancellor by the board. Whenever in this code a power is vested in the board, the board, by a majority vote, may adopt a rule delegating that power to the chancellor or any officer, employee, or committee designated by the board. The rule shall prescribe the limits of the delegation. | |
| 42 | 49 | ||
| 43 | 50 | The people of the State of California do enact as follows: | |
| 44 | 51 | ||
| 45 | 52 | ## The people of the State of California do enact as follows: | |
| 46 | 53 | ||
| 47 | - | SECTION 1. Section 66021.1 of the Education Code is amended to read:66021.1. (a) For purposes of this section, the following terms shall have the following meanings:(1) Institutional financial aid means all institutional grant aid, including institutional student need-based and merit-based aid.(2) Private nonprofit colleges and universities means private nonprofit colleges and universities located in California that enroll 500 or more undergraduate students.(3) Students means California residents who are undergraduate students at the University of California, the California State University, or private nonprofit colleges and universities.(b) The California State University and private nonprofit colleges and universities shall, and the University of California is requested to, report annually to the Legislature on their respective institutional financial aid programs. The California State University and private nonprofit colleges and universities shall, and the University of California is requested to, provide reports on or before March 31 of each year.(c) The reports shall include all of the following:(1) A description of the goals, terms, and policies of each of the universitys institutional aid programs, including eligibility criteria, allocation of financial aid awards, fee waivers, and other relevant information.(2) A description and explanation of any changes the university has made to any of these policies since the prior year, and any changes the university intends to make for the next academic year.(3) The total amount the university expended on institutional aid for students, for the two prior academic years, the current year, and a projection for the next year, and the average and 90th percentile undergraduate institutional aid award amount provided per recipient for the prior two academic years and the current academic year.(4) By parental income level or expected family contribution deciles, all of the following information for the prior academic year:(A) Net price, which is the balance of the total cost of attendance minus all grant aid.(B) The percentage of students receiving institutional aid and the average dollar amount of that institutional aid.(C) The percentage of students graduating with ten thousand dollars ($10,000) or more in debt, the average dollar amount of that debt, and the percentage of private loans and federal loans that are included in that debt.(5) For the prior academic year, the current academic year, and the budget year, an analysis identifying the estimated number of undergraduates with financial need; their aggregate cost of attendance and aggregate expected federal parent contribution; the aggregate amount of financial aid, including federal gift aid, state gift aid, institutional need-based aid, institutional merit-based aid, other institutional gift aid, and private gift aid, received by these students; the aggregate remaining amount to be met by work, borrowing, or other means; and an explanation of the estimated change in aggregate student need in the budget year resulting from changes in the cost of attendance, and other factors, including any fee increases proposed by the university in its fall budget proposal. The explanation shall include an estimate of the extent to which cost increases will be offset by federal, state, and institutional financial aid programs. The explanation shall also include an explanation of how year-to-year non-tuition cost increases were calculated.(6) The typical financial aid package for a typical dependent undergraduate student with a parent income of twenty thousand dollars ($20,000), forty thousand dollars ($40,000), sixty thousand dollars ($60,000), eighty thousand dollars ($80,000), one hundred thousand dollars ($100,000), and one hundred twenty thousand dollars ($120,000).(7) An aggregate summary of financial aid awarded to students, including scholarships, grants, waivers, loans, and workstudy awards from federal, state, institutional, and private sources for the prior academic year.(8) Indicators of the effectiveness of the universitys aid programs in achieving the universitys stated goals related to financial aid.(9) Information on students who submit a Free Application for Federal Student Aid, or Dream Act Application, but do not receive a Cal Grant or institutional financial aid for the prior academic year. This information shall be disaggregated by race, ethnicity, expected family contribution deciles, and dependency status.(10) The California State University shall include information on the number of students who are eligible for a grant pursuant to the State University Grant Program but do not receive it or receive a partial award for the prior academic year. This information shall be disaggregated by race, ethnicity, and campus of attendance.(11) The University of California is requested to include information on the average undergraduate student financial self-help level. This information shall be disaggregated by race, ethnicity, and campus of attendance.(d) To the extent the university provides the information requested in subdivision (c) in reports to its governing board or in other university publications, those reports or publications may be submitted to the Legislature to satisfy this request. | |
| 54 | + | SECTION 1. Section 66021.1 of the Education Code is amended to read:66021.1. (a) For purposes of this section, the following terms shall have the following meanings:(1) Institutional financial aid means all institutional grant aid, including institutional student need-based and merit-based aid.(2) Private nonprofit colleges and universities means private nonprofit colleges and universities located in California that enroll 500 or more undergraduate students.(2)(3) Students means California residents who are undergraduate students at the University of California or California, the California State University. University, or private nonprofit colleges and universities.(b) The California State University and private nonprofit colleges and universities shall, and the University of California is requested to, report annually to the Legislature on their respective institutional financial aid programs. The California State University and private nonprofit colleges and universities shall, and the University of California is requested to, provide reports on or before March 31 of each year.(c) The reports shall include all of the following:(1) A description of the goals, terms, and policies of each of the universitys institutional aid programs, including eligibility criteria, allocation of financial aid awards, fee waivers, and other relevant information.(2) A description and explanation of any changes the university has made to any of these policies since the prior year, and any changes the university intends to make for the next academic year.(3) The total amount the university expended on institutional aid for students, for the two prior academic years, the current year, and a projection for the next year, and the average and 90th percentile undergraduate institutional aid award amount provided per recipient for the prior two academic years and the current academic year.(4) By parental income level or expected family contribution deciles, both all of the following information for the prior academic year:(A) Net price, which is the balance of the total cost of attendance minus all grant aid.(B) The percentage of students receiving institutional aid and the average dollar amount of that institutional aid.(C) The percentage of students graduating with ten thousand dollars ($10,000) or more in debt, the average dollar amount of that debt, and the percentage of private loans and federal loans that are included in that debt.(5) For the prior academic year, the current academic year, and the budget year, an analysis identifying the estimated number of undergraduates with financial need; their aggregate cost of attendance and aggregate expected federal parent contribution; the aggregate amount of financial aid, including federal gift aid, state gift aid, institutional need-based aid, institutional merit-based aid, other institutional gift aid, and private gift aid, received by these students; the aggregate remaining amount to be met by work, borrowing, or other means; and an explanation of the estimated change in aggregate student need in the budget year resulting from changes in the cost of attendance, and other factors, including any fee increases proposed by the university in its fall budget proposal. The explanation shall include an estimate of the extent to which cost increases will be offset by federal, state, and institutional financial aid programs. The explanation shall also include an explanation of how year-to-year non-tuition cost increases were calculated.(6) The typical financial aid package for a typical dependent undergraduate student with a parent income of twenty thousand dollars ($20,000), forty thousand dollars ($40,000), sixty thousand dollars ($60,000), eighty thousand dollars ($80,000), and one hundred thousand dollars ($100,000). ($100,000), and one hundred twenty thousand dollars ($120,000).(7) An aggregate summary of financial aid awarded to students, including scholarships, grants, waivers, loans, and workstudy awards from federal, state, institutional, and private sources for the prior academic year.(8) Indicators of the effectiveness of the universitys aid programs in achieving the universitys stated goals related to financial aid.(9) Information on students who submit a Free Application for Federal Student Aid, or Dream Act Application, but do not receive a Cal Grant or institutional financial aid for the prior academic year. This information shall be disaggregated by race, ethnicity, expected family contribution deciles, and dependency status.(10) The California State University shall include information on the number of students who are eligible for a grant pursuant to the State University Grant Program but do not receive it or receive a partial award for the prior academic year. This information shall be disaggregated by race, ethnicity, and campus of attendance.(11) The University of California is requested to include information on the average undergraduate student financial self-help level. This information shall be disaggregated by race, ethnicity, and campus of attendance.(d) To the extent the university provides the information requested in subdivision (c) in reports to its governing board or in other university publications, those reports or publications may be submitted to the Legislature to satisfy this request. | |
| 48 | 55 | ||
| 49 | 56 | SECTION 1. Section 66021.1 of the Education Code is amended to read: | |
| 50 | 57 | ||
| 51 | 58 | ### SECTION 1. | |
| 52 | 59 | ||
| 53 | - | 66021.1. (a) For purposes of this section, the following terms shall have the following meanings:(1) Institutional financial aid means all institutional grant aid, including institutional student need-based and merit-based aid.(2) Private nonprofit colleges and universities means private nonprofit colleges and universities located in California that enroll 500 or more undergraduate students.(3) Students means California residents who are undergraduate students at the University of California, the California State University, or private nonprofit colleges and universities.(b) The California State University and private nonprofit colleges and universities shall, and the University of California is requested to, report annually to the Legislature on their respective institutional financial aid programs. The California State University and private nonprofit colleges and universities shall, and the University of California is requested to, provide reports on or before March 31 of each year.(c) The reports shall include all of the following:(1) A description of the goals, terms, and policies of each of the universitys institutional aid programs, including eligibility criteria, allocation of financial aid awards, fee waivers, and other relevant information.(2) A description and explanation of any changes the university has made to any of these policies since the prior year, and any changes the university intends to make for the next academic year.(3) The total amount the university expended on institutional aid for students, for the two prior academic years, the current year, and a projection for the next year, and the average and 90th percentile undergraduate institutional aid award amount provided per recipient for the prior two academic years and the current academic year.(4) By parental income level or expected family contribution deciles, all of the following information for the prior academic year:(A) Net price, which is the balance of the total cost of attendance minus all grant aid.(B) The percentage of students receiving institutional aid and the average dollar amount of that institutional aid.(C) The percentage of students graduating with ten thousand dollars ($10,000) or more in debt, the average dollar amount of that debt, and the percentage of private loans and federal loans that are included in that debt.(5) For the prior academic year, the current academic year, and the budget year, an analysis identifying the estimated number of undergraduates with financial need; their aggregate cost of attendance and aggregate expected federal parent contribution; the aggregate amount of financial aid, including federal gift aid, state gift aid, institutional need-based aid, institutional merit-based aid, other institutional gift aid, and private gift aid, received by these students; the aggregate remaining amount to be met by work, borrowing, or other means; and an explanation of the estimated change in aggregate student need in the budget year resulting from changes in the cost of attendance, and other factors, including any fee increases proposed by the university in its fall budget proposal. The explanation shall include an estimate of the extent to which cost increases will be offset by federal, state, and institutional financial aid programs. The explanation shall also include an explanation of how year-to-year non-tuition cost increases were calculated.(6) The typical financial aid package for a typical dependent undergraduate student with a parent income of twenty thousand dollars ($20,000), forty thousand dollars ($40,000), sixty thousand dollars ($60,000), eighty thousand dollars ($80,000), one hundred thousand dollars ($100,000), and one hundred twenty thousand dollars ($120,000).(7) An aggregate summary of financial aid awarded to students, including scholarships, grants, waivers, loans, and workstudy awards from federal, state, institutional, and private sources for the prior academic year.(8) Indicators of the effectiveness of the universitys aid programs in achieving the universitys stated goals related to financial aid.(9) Information on students who submit a Free Application for Federal Student Aid, or Dream Act Application, but do not receive a Cal Grant or institutional financial aid for the prior academic year. This information shall be disaggregated by race, ethnicity, expected family contribution deciles, and dependency status.(10) The California State University shall include information on the number of students who are eligible for a grant pursuant to the State University Grant Program but do not receive it or receive a partial award for the prior academic year. This information shall be disaggregated by race, ethnicity, and campus of attendance.(11) The University of California is requested to include information on the average undergraduate student financial self-help level. This information shall be disaggregated by race, ethnicity, and campus of attendance.(d) To the extent the university provides the information requested in subdivision (c) in reports to its governing board or in other university publications, those reports or publications may be submitted to the Legislature to satisfy this request. | |
| 60 | + | 66021.1. (a) For purposes of this section, the following terms shall have the following meanings:(1) Institutional financial aid means all institutional grant aid, including institutional student need-based and merit-based aid.(2) Private nonprofit colleges and universities means private nonprofit colleges and universities located in California that enroll 500 or more undergraduate students.(2)(3) Students means California residents who are undergraduate students at the University of California or California, the California State University. University, or private nonprofit colleges and universities.(b) The California State University and private nonprofit colleges and universities shall, and the University of California is requested to, report annually to the Legislature on their respective institutional financial aid programs. The California State University and private nonprofit colleges and universities shall, and the University of California is requested to, provide reports on or before March 31 of each year.(c) The reports shall include all of the following:(1) A description of the goals, terms, and policies of each of the universitys institutional aid programs, including eligibility criteria, allocation of financial aid awards, fee waivers, and other relevant information.(2) A description and explanation of any changes the university has made to any of these policies since the prior year, and any changes the university intends to make for the next academic year.(3) The total amount the university expended on institutional aid for students, for the two prior academic years, the current year, and a projection for the next year, and the average and 90th percentile undergraduate institutional aid award amount provided per recipient for the prior two academic years and the current academic year.(4) By parental income level or expected family contribution deciles, both all of the following information for the prior academic year:(A) Net price, which is the balance of the total cost of attendance minus all grant aid.(B) The percentage of students receiving institutional aid and the average dollar amount of that institutional aid.(C) The percentage of students graduating with ten thousand dollars ($10,000) or more in debt, the average dollar amount of that debt, and the percentage of private loans and federal loans that are included in that debt.(5) For the prior academic year, the current academic year, and the budget year, an analysis identifying the estimated number of undergraduates with financial need; their aggregate cost of attendance and aggregate expected federal parent contribution; the aggregate amount of financial aid, including federal gift aid, state gift aid, institutional need-based aid, institutional merit-based aid, other institutional gift aid, and private gift aid, received by these students; the aggregate remaining amount to be met by work, borrowing, or other means; and an explanation of the estimated change in aggregate student need in the budget year resulting from changes in the cost of attendance, and other factors, including any fee increases proposed by the university in its fall budget proposal. The explanation shall include an estimate of the extent to which cost increases will be offset by federal, state, and institutional financial aid programs. The explanation shall also include an explanation of how year-to-year non-tuition cost increases were calculated.(6) The typical financial aid package for a typical dependent undergraduate student with a parent income of twenty thousand dollars ($20,000), forty thousand dollars ($40,000), sixty thousand dollars ($60,000), eighty thousand dollars ($80,000), and one hundred thousand dollars ($100,000). ($100,000), and one hundred twenty thousand dollars ($120,000).(7) An aggregate summary of financial aid awarded to students, including scholarships, grants, waivers, loans, and workstudy awards from federal, state, institutional, and private sources for the prior academic year.(8) Indicators of the effectiveness of the universitys aid programs in achieving the universitys stated goals related to financial aid.(9) Information on students who submit a Free Application for Federal Student Aid, or Dream Act Application, but do not receive a Cal Grant or institutional financial aid for the prior academic year. This information shall be disaggregated by race, ethnicity, expected family contribution deciles, and dependency status.(10) The California State University shall include information on the number of students who are eligible for a grant pursuant to the State University Grant Program but do not receive it or receive a partial award for the prior academic year. This information shall be disaggregated by race, ethnicity, and campus of attendance.(11) The University of California is requested to include information on the average undergraduate student financial self-help level. This information shall be disaggregated by race, ethnicity, and campus of attendance.(d) To the extent the university provides the information requested in subdivision (c) in reports to its governing board or in other university publications, those reports or publications may be submitted to the Legislature to satisfy this request. | |
| 54 | 61 | ||
| 55 | - | 66021.1. (a) For purposes of this section, the following terms shall have the following meanings:(1) Institutional financial aid means all institutional grant aid, including institutional student need-based and merit-based aid.(2) Private nonprofit colleges and universities means private nonprofit colleges and universities located in California that enroll 500 or more undergraduate students.(3) Students means California residents who are undergraduate students at the University of California, the California State University, or private nonprofit colleges and universities.(b) The California State University and private nonprofit colleges and universities shall, and the University of California is requested to, report annually to the Legislature on their respective institutional financial aid programs. The California State University and private nonprofit colleges and universities shall, and the University of California is requested to, provide reports on or before March 31 of each year.(c) The reports shall include all of the following:(1) A description of the goals, terms, and policies of each of the universitys institutional aid programs, including eligibility criteria, allocation of financial aid awards, fee waivers, and other relevant information.(2) A description and explanation of any changes the university has made to any of these policies since the prior year, and any changes the university intends to make for the next academic year.(3) The total amount the university expended on institutional aid for students, for the two prior academic years, the current year, and a projection for the next year, and the average and 90th percentile undergraduate institutional aid award amount provided per recipient for the prior two academic years and the current academic year.(4) By parental income level or expected family contribution deciles, all of the following information for the prior academic year:(A) Net price, which is the balance of the total cost of attendance minus all grant aid.(B) The percentage of students receiving institutional aid and the average dollar amount of that institutional aid.(C) The percentage of students graduating with ten thousand dollars ($10,000) or more in debt, the average dollar amount of that debt, and the percentage of private loans and federal loans that are included in that debt.(5) For the prior academic year, the current academic year, and the budget year, an analysis identifying the estimated number of undergraduates with financial need; their aggregate cost of attendance and aggregate expected federal parent contribution; the aggregate amount of financial aid, including federal gift aid, state gift aid, institutional need-based aid, institutional merit-based aid, other institutional gift aid, and private gift aid, received by these students; the aggregate remaining amount to be met by work, borrowing, or other means; and an explanation of the estimated change in aggregate student need in the budget year resulting from changes in the cost of attendance, and other factors, including any fee increases proposed by the university in its fall budget proposal. The explanation shall include an estimate of the extent to which cost increases will be offset by federal, state, and institutional financial aid programs. The explanation shall also include an explanation of how year-to-year non-tuition cost increases were calculated.(6) The typical financial aid package for a typical dependent undergraduate student with a parent income of twenty thousand dollars ($20,000), forty thousand dollars ($40,000), sixty thousand dollars ($60,000), eighty thousand dollars ($80,000), one hundred thousand dollars ($100,000), and one hundred twenty thousand dollars ($120,000).(7) An aggregate summary of financial aid awarded to students, including scholarships, grants, waivers, loans, and workstudy awards from federal, state, institutional, and private sources for the prior academic year.(8) Indicators of the effectiveness of the universitys aid programs in achieving the universitys stated goals related to financial aid.(9) Information on students who submit a Free Application for Federal Student Aid, or Dream Act Application, but do not receive a Cal Grant or institutional financial aid for the prior academic year. This information shall be disaggregated by race, ethnicity, expected family contribution deciles, and dependency status.(10) The California State University shall include information on the number of students who are eligible for a grant pursuant to the State University Grant Program but do not receive it or receive a partial award for the prior academic year. This information shall be disaggregated by race, ethnicity, and campus of attendance.(11) The University of California is requested to include information on the average undergraduate student financial self-help level. This information shall be disaggregated by race, ethnicity, and campus of attendance.(d) To the extent the university provides the information requested in subdivision (c) in reports to its governing board or in other university publications, those reports or publications may be submitted to the Legislature to satisfy this request. | |
| 62 | + | 66021.1. (a) For purposes of this section, the following terms shall have the following meanings:(1) Institutional financial aid means all institutional grant aid, including institutional student need-based and merit-based aid.(2) Private nonprofit colleges and universities means private nonprofit colleges and universities located in California that enroll 500 or more undergraduate students.(2)(3) Students means California residents who are undergraduate students at the University of California or California, the California State University. University, or private nonprofit colleges and universities.(b) The California State University and private nonprofit colleges and universities shall, and the University of California is requested to, report annually to the Legislature on their respective institutional financial aid programs. The California State University and private nonprofit colleges and universities shall, and the University of California is requested to, provide reports on or before March 31 of each year.(c) The reports shall include all of the following:(1) A description of the goals, terms, and policies of each of the universitys institutional aid programs, including eligibility criteria, allocation of financial aid awards, fee waivers, and other relevant information.(2) A description and explanation of any changes the university has made to any of these policies since the prior year, and any changes the university intends to make for the next academic year.(3) The total amount the university expended on institutional aid for students, for the two prior academic years, the current year, and a projection for the next year, and the average and 90th percentile undergraduate institutional aid award amount provided per recipient for the prior two academic years and the current academic year.(4) By parental income level or expected family contribution deciles, both all of the following information for the prior academic year:(A) Net price, which is the balance of the total cost of attendance minus all grant aid.(B) The percentage of students receiving institutional aid and the average dollar amount of that institutional aid.(C) The percentage of students graduating with ten thousand dollars ($10,000) or more in debt, the average dollar amount of that debt, and the percentage of private loans and federal loans that are included in that debt.(5) For the prior academic year, the current academic year, and the budget year, an analysis identifying the estimated number of undergraduates with financial need; their aggregate cost of attendance and aggregate expected federal parent contribution; the aggregate amount of financial aid, including federal gift aid, state gift aid, institutional need-based aid, institutional merit-based aid, other institutional gift aid, and private gift aid, received by these students; the aggregate remaining amount to be met by work, borrowing, or other means; and an explanation of the estimated change in aggregate student need in the budget year resulting from changes in the cost of attendance, and other factors, including any fee increases proposed by the university in its fall budget proposal. The explanation shall include an estimate of the extent to which cost increases will be offset by federal, state, and institutional financial aid programs. The explanation shall also include an explanation of how year-to-year non-tuition cost increases were calculated.(6) The typical financial aid package for a typical dependent undergraduate student with a parent income of twenty thousand dollars ($20,000), forty thousand dollars ($40,000), sixty thousand dollars ($60,000), eighty thousand dollars ($80,000), and one hundred thousand dollars ($100,000). ($100,000), and one hundred twenty thousand dollars ($120,000).(7) An aggregate summary of financial aid awarded to students, including scholarships, grants, waivers, loans, and workstudy awards from federal, state, institutional, and private sources for the prior academic year.(8) Indicators of the effectiveness of the universitys aid programs in achieving the universitys stated goals related to financial aid.(9) Information on students who submit a Free Application for Federal Student Aid, or Dream Act Application, but do not receive a Cal Grant or institutional financial aid for the prior academic year. This information shall be disaggregated by race, ethnicity, expected family contribution deciles, and dependency status.(10) The California State University shall include information on the number of students who are eligible for a grant pursuant to the State University Grant Program but do not receive it or receive a partial award for the prior academic year. This information shall be disaggregated by race, ethnicity, and campus of attendance.(11) The University of California is requested to include information on the average undergraduate student financial self-help level. This information shall be disaggregated by race, ethnicity, and campus of attendance.(d) To the extent the university provides the information requested in subdivision (c) in reports to its governing board or in other university publications, those reports or publications may be submitted to the Legislature to satisfy this request. | |
| 56 | 63 | ||
| 57 | - | 66021.1. (a) For purposes of this section, the following terms shall have the following meanings:(1) Institutional financial aid means all institutional grant aid, including institutional student need-based and merit-based aid.(2) Private nonprofit colleges and universities means private nonprofit colleges and universities located in California that enroll 500 or more undergraduate students.(3) Students means California residents who are undergraduate students at the University of California, the California State University, or private nonprofit colleges and universities.(b) The California State University and private nonprofit colleges and universities shall, and the University of California is requested to, report annually to the Legislature on their respective institutional financial aid programs. The California State University and private nonprofit colleges and universities shall, and the University of California is requested to, provide reports on or before March 31 of each year.(c) The reports shall include all of the following:(1) A description of the goals, terms, and policies of each of the universitys institutional aid programs, including eligibility criteria, allocation of financial aid awards, fee waivers, and other relevant information.(2) A description and explanation of any changes the university has made to any of these policies since the prior year, and any changes the university intends to make for the next academic year.(3) The total amount the university expended on institutional aid for students, for the two prior academic years, the current year, and a projection for the next year, and the average and 90th percentile undergraduate institutional aid award amount provided per recipient for the prior two academic years and the current academic year.(4) By parental income level or expected family contribution deciles, all of the following information for the prior academic year:(A) Net price, which is the balance of the total cost of attendance minus all grant aid.(B) The percentage of students receiving institutional aid and the average dollar amount of that institutional aid.(C) The percentage of students graduating with ten thousand dollars ($10,000) or more in debt, the average dollar amount of that debt, and the percentage of private loans and federal loans that are included in that debt.(5) For the prior academic year, the current academic year, and the budget year, an analysis identifying the estimated number of undergraduates with financial need; their aggregate cost of attendance and aggregate expected federal parent contribution; the aggregate amount of financial aid, including federal gift aid, state gift aid, institutional need-based aid, institutional merit-based aid, other institutional gift aid, and private gift aid, received by these students; the aggregate remaining amount to be met by work, borrowing, or other means; and an explanation of the estimated change in aggregate student need in the budget year resulting from changes in the cost of attendance, and other factors, including any fee increases proposed by the university in its fall budget proposal. The explanation shall include an estimate of the extent to which cost increases will be offset by federal, state, and institutional financial aid programs. The explanation shall also include an explanation of how year-to-year non-tuition cost increases were calculated.(6) The typical financial aid package for a typical dependent undergraduate student with a parent income of twenty thousand dollars ($20,000), forty thousand dollars ($40,000), sixty thousand dollars ($60,000), eighty thousand dollars ($80,000), one hundred thousand dollars ($100,000), and one hundred twenty thousand dollars ($120,000).(7) An aggregate summary of financial aid awarded to students, including scholarships, grants, waivers, loans, and workstudy awards from federal, state, institutional, and private sources for the prior academic year.(8) Indicators of the effectiveness of the universitys aid programs in achieving the universitys stated goals related to financial aid.(9) Information on students who submit a Free Application for Federal Student Aid, or Dream Act Application, but do not receive a Cal Grant or institutional financial aid for the prior academic year. This information shall be disaggregated by race, ethnicity, expected family contribution deciles, and dependency status.(10) The California State University shall include information on the number of students who are eligible for a grant pursuant to the State University Grant Program but do not receive it or receive a partial award for the prior academic year. This information shall be disaggregated by race, ethnicity, and campus of attendance.(11) The University of California is requested to include information on the average undergraduate student financial self-help level. This information shall be disaggregated by race, ethnicity, and campus of attendance.(d) To the extent the university provides the information requested in subdivision (c) in reports to its governing board or in other university publications, those reports or publications may be submitted to the Legislature to satisfy this request. | |
| 64 | + | 66021.1. (a) For purposes of this section, the following terms shall have the following meanings:(1) Institutional financial aid means all institutional grant aid, including institutional student need-based and merit-based aid.(2) Private nonprofit colleges and universities means private nonprofit colleges and universities located in California that enroll 500 or more undergraduate students.(2)(3) Students means California residents who are undergraduate students at the University of California or California, the California State University. University, or private nonprofit colleges and universities.(b) The California State University and private nonprofit colleges and universities shall, and the University of California is requested to, report annually to the Legislature on their respective institutional financial aid programs. The California State University and private nonprofit colleges and universities shall, and the University of California is requested to, provide reports on or before March 31 of each year.(c) The reports shall include all of the following:(1) A description of the goals, terms, and policies of each of the universitys institutional aid programs, including eligibility criteria, allocation of financial aid awards, fee waivers, and other relevant information.(2) A description and explanation of any changes the university has made to any of these policies since the prior year, and any changes the university intends to make for the next academic year.(3) The total amount the university expended on institutional aid for students, for the two prior academic years, the current year, and a projection for the next year, and the average and 90th percentile undergraduate institutional aid award amount provided per recipient for the prior two academic years and the current academic year.(4) By parental income level or expected family contribution deciles, both all of the following information for the prior academic year:(A) Net price, which is the balance of the total cost of attendance minus all grant aid.(B) The percentage of students receiving institutional aid and the average dollar amount of that institutional aid.(C) The percentage of students graduating with ten thousand dollars ($10,000) or more in debt, the average dollar amount of that debt, and the percentage of private loans and federal loans that are included in that debt.(5) For the prior academic year, the current academic year, and the budget year, an analysis identifying the estimated number of undergraduates with financial need; their aggregate cost of attendance and aggregate expected federal parent contribution; the aggregate amount of financial aid, including federal gift aid, state gift aid, institutional need-based aid, institutional merit-based aid, other institutional gift aid, and private gift aid, received by these students; the aggregate remaining amount to be met by work, borrowing, or other means; and an explanation of the estimated change in aggregate student need in the budget year resulting from changes in the cost of attendance, and other factors, including any fee increases proposed by the university in its fall budget proposal. The explanation shall include an estimate of the extent to which cost increases will be offset by federal, state, and institutional financial aid programs. The explanation shall also include an explanation of how year-to-year non-tuition cost increases were calculated.(6) The typical financial aid package for a typical dependent undergraduate student with a parent income of twenty thousand dollars ($20,000), forty thousand dollars ($40,000), sixty thousand dollars ($60,000), eighty thousand dollars ($80,000), and one hundred thousand dollars ($100,000). ($100,000), and one hundred twenty thousand dollars ($120,000).(7) An aggregate summary of financial aid awarded to students, including scholarships, grants, waivers, loans, and workstudy awards from federal, state, institutional, and private sources for the prior academic year.(8) Indicators of the effectiveness of the universitys aid programs in achieving the universitys stated goals related to financial aid.(9) Information on students who submit a Free Application for Federal Student Aid, or Dream Act Application, but do not receive a Cal Grant or institutional financial aid for the prior academic year. This information shall be disaggregated by race, ethnicity, expected family contribution deciles, and dependency status.(10) The California State University shall include information on the number of students who are eligible for a grant pursuant to the State University Grant Program but do not receive it or receive a partial award for the prior academic year. This information shall be disaggregated by race, ethnicity, and campus of attendance.(11) The University of California is requested to include information on the average undergraduate student financial self-help level. This information shall be disaggregated by race, ethnicity, and campus of attendance.(d) To the extent the university provides the information requested in subdivision (c) in reports to its governing board or in other university publications, those reports or publications may be submitted to the Legislature to satisfy this request. | |
| 58 | 65 | ||
| 59 | 66 | ||
| 60 | 67 | ||
| 61 | 68 | 66021.1. (a) For purposes of this section, the following terms shall have the following meanings: | |
| 62 | 69 | ||
| 63 | 70 | (1) Institutional financial aid means all institutional grant aid, including institutional student need-based and merit-based aid. | |
| 64 | 71 | ||
| 65 | 72 | (2) Private nonprofit colleges and universities means private nonprofit colleges and universities located in California that enroll 500 or more undergraduate students. | |
| 66 | 73 | ||
| 67 | - | (3) Students means California residents who are undergraduate students at the University of California, the California State University, or private nonprofit colleges and universities. | |
| 74 | + | (2) | |
| 75 | + | ||
| 76 | + | ||
| 77 | + | ||
| 78 | + | (3) Students means California residents who are undergraduate students at the University of California or California, the California State University. University, or private nonprofit colleges and universities. | |
| 68 | 79 | ||
| 69 | 80 | (b) The California State University and private nonprofit colleges and universities shall, and the University of California is requested to, report annually to the Legislature on their respective institutional financial aid programs. The California State University and private nonprofit colleges and universities shall, and the University of California is requested to, provide reports on or before March 31 of each year. | |
| 70 | 81 | ||
| 71 | 82 | (c) The reports shall include all of the following: | |
| 72 | 83 | ||
| 73 | 84 | (1) A description of the goals, terms, and policies of each of the universitys institutional aid programs, including eligibility criteria, allocation of financial aid awards, fee waivers, and other relevant information. | |
| 74 | 85 | ||
| 75 | 86 | (2) A description and explanation of any changes the university has made to any of these policies since the prior year, and any changes the university intends to make for the next academic year. | |
| 76 | 87 | ||
| 77 | 88 | (3) The total amount the university expended on institutional aid for students, for the two prior academic years, the current year, and a projection for the next year, and the average and 90th percentile undergraduate institutional aid award amount provided per recipient for the prior two academic years and the current academic year. | |
| 78 | 89 | ||
| 79 | - | (4) By parental income level or expected family contribution deciles, all of the following information for the prior academic year: | |
| 90 | + | (4) By parental income level or expected family contribution deciles, both all of the following information for the prior academic year: | |
| 80 | 91 | ||
| 81 | 92 | (A) Net price, which is the balance of the total cost of attendance minus all grant aid. | |
| 82 | 93 | ||
| 83 | 94 | (B) The percentage of students receiving institutional aid and the average dollar amount of that institutional aid. | |
| 84 | 95 | ||
| 85 | 96 | (C) The percentage of students graduating with ten thousand dollars ($10,000) or more in debt, the average dollar amount of that debt, and the percentage of private loans and federal loans that are included in that debt. | |
| 86 | 97 | ||
| 87 | 98 | (5) For the prior academic year, the current academic year, and the budget year, an analysis identifying the estimated number of undergraduates with financial need; their aggregate cost of attendance and aggregate expected federal parent contribution; the aggregate amount of financial aid, including federal gift aid, state gift aid, institutional need-based aid, institutional merit-based aid, other institutional gift aid, and private gift aid, received by these students; the aggregate remaining amount to be met by work, borrowing, or other means; and an explanation of the estimated change in aggregate student need in the budget year resulting from changes in the cost of attendance, and other factors, including any fee increases proposed by the university in its fall budget proposal. The explanation shall include an estimate of the extent to which cost increases will be offset by federal, state, and institutional financial aid programs. The explanation shall also include an explanation of how year-to-year non-tuition cost increases were calculated. | |
| 88 | 99 | ||
| 89 | - | (6) The typical financial aid package for a typical dependent undergraduate student with a parent income of twenty thousand dollars ($20,000), forty thousand dollars ($40,000), sixty thousand dollars ($60,000), eighty thousand dollars ($80,000), one hundred thousand dollars ($100,000), and one hundred twenty thousand dollars ($120,000). | |
| 100 | + | (6) The typical financial aid package for a typical dependent undergraduate student with a parent income of twenty thousand dollars ($20,000), forty thousand dollars ($40,000), sixty thousand dollars ($60,000), eighty thousand dollars ($80,000), and one hundred thousand dollars ($100,000). ($100,000), and one hundred twenty thousand dollars ($120,000). | |
| 90 | 101 | ||
| 91 | 102 | (7) An aggregate summary of financial aid awarded to students, including scholarships, grants, waivers, loans, and workstudy awards from federal, state, institutional, and private sources for the prior academic year. | |
| 92 | 103 | ||
| 93 | 104 | (8) Indicators of the effectiveness of the universitys aid programs in achieving the universitys stated goals related to financial aid. | |
| 94 | 105 | ||
| 95 | 106 | (9) Information on students who submit a Free Application for Federal Student Aid, or Dream Act Application, but do not receive a Cal Grant or institutional financial aid for the prior academic year. This information shall be disaggregated by race, ethnicity, expected family contribution deciles, and dependency status. | |
| 96 | 107 | ||
| 97 | 108 | (10) The California State University shall include information on the number of students who are eligible for a grant pursuant to the State University Grant Program but do not receive it or receive a partial award for the prior academic year. This information shall be disaggregated by race, ethnicity, and campus of attendance. | |
| 98 | 109 | ||
| 99 | 110 | (11) The University of California is requested to include information on the average undergraduate student financial self-help level. This information shall be disaggregated by race, ethnicity, and campus of attendance. | |
| 100 | 111 | ||
| 101 | 112 | (d) To the extent the university provides the information requested in subdivision (c) in reports to its governing board or in other university publications, those reports or publications may be submitted to the Legislature to satisfy this request. | |
| 102 | 113 | ||
| 103 | - | SEC. 2. Section 66021.15 is added to the Education Code, immediately following Section 66021.1, to read:66021.15. (a) This section applies to all California-based postsecondary educational institutions with endowment funds where the ratio of endowment dollars to enrolled students exceeds 200,000 to 1, or where the total endowment exceeds one billion dollars ($1,000,000,000).(b) An institution to which this section applies shall report annually to the Legislature on their respective | |
| 114 | + | SEC. 2. Section 66021.15 is added to the Education Code, immediately following Section 66021.1, to read:66021.15. (a) This section applies to all California-based postsecondary educational institutions with endowment funds where the ratio of endowment dollars to enrolled students exceeds 200,000 to 1, or where the total endowment exceeds one billion dollars ($1,000,000,000).(b) An institution to which this section applies shall report annually to the Legislature on their respective college endowment funds on or before March 31 of each year. These reports shall be submitted in compliance with Section 9795 of the Government Code.(c) The reports required by this section shall include all of the following information: (1) Endowment return on investment for the previous fiscal year.(2) Total endowment spending amount or payout rate for the previous fiscal year, disaggregated by spending, including actual spending and percent spending, in all of the following categories:(A) Restricted and unrestricted payout.(B) Spending on need-based student aid, broken out in undergraduate and graduate categories.(C) Spending on merit-based student aid, broken out in undergraduate and graduate categories.(D) Fund management.(E) Capital improvements.(F) Research activities.(G) Faculty compensation.(H) Allocations to reserves or rainy day funds.(I) Percentage of gifts from the previous fiscal year to the fund that are endowed and the percentage that are functioning as endowment.(J) Spending for the previous academic year on low-income, first generation, and recruitment and retention of students who are Black, indigenous, or people of color. | |
| 104 | 115 | ||
| 105 | 116 | SEC. 2. Section 66021.15 is added to the Education Code, immediately following Section 66021.1, to read: | |
| 106 | 117 | ||
| 107 | 118 | ### SEC. 2. | |
| 108 | 119 | ||
| 109 | - | 66021.15. (a) This section applies to all California-based postsecondary educational institutions with endowment funds where the ratio of endowment dollars to enrolled students exceeds 200,000 to 1, or where the total endowment exceeds one billion dollars ($1,000,000,000).(b) An institution to which this section applies shall report annually to the Legislature on their respective | |
| 120 | + | 66021.15. (a) This section applies to all California-based postsecondary educational institutions with endowment funds where the ratio of endowment dollars to enrolled students exceeds 200,000 to 1, or where the total endowment exceeds one billion dollars ($1,000,000,000).(b) An institution to which this section applies shall report annually to the Legislature on their respective college endowment funds on or before March 31 of each year. These reports shall be submitted in compliance with Section 9795 of the Government Code.(c) The reports required by this section shall include all of the following information: (1) Endowment return on investment for the previous fiscal year.(2) Total endowment spending amount or payout rate for the previous fiscal year, disaggregated by spending, including actual spending and percent spending, in all of the following categories:(A) Restricted and unrestricted payout.(B) Spending on need-based student aid, broken out in undergraduate and graduate categories.(C) Spending on merit-based student aid, broken out in undergraduate and graduate categories.(D) Fund management.(E) Capital improvements.(F) Research activities.(G) Faculty compensation.(H) Allocations to reserves or rainy day funds.(I) Percentage of gifts from the previous fiscal year to the fund that are endowed and the percentage that are functioning as endowment.(J) Spending for the previous academic year on low-income, first generation, and recruitment and retention of students who are Black, indigenous, or people of color. | |
| 110 | 121 | ||
| 111 | - | 66021.15. (a) This section applies to all California-based postsecondary educational institutions with endowment funds where the ratio of endowment dollars to enrolled students exceeds 200,000 to 1, or where the total endowment exceeds one billion dollars ($1,000,000,000).(b) An institution to which this section applies shall report annually to the Legislature on their respective | |
| 122 | + | 66021.15. (a) This section applies to all California-based postsecondary educational institutions with endowment funds where the ratio of endowment dollars to enrolled students exceeds 200,000 to 1, or where the total endowment exceeds one billion dollars ($1,000,000,000).(b) An institution to which this section applies shall report annually to the Legislature on their respective college endowment funds on or before March 31 of each year. These reports shall be submitted in compliance with Section 9795 of the Government Code.(c) The reports required by this section shall include all of the following information: (1) Endowment return on investment for the previous fiscal year.(2) Total endowment spending amount or payout rate for the previous fiscal year, disaggregated by spending, including actual spending and percent spending, in all of the following categories:(A) Restricted and unrestricted payout.(B) Spending on need-based student aid, broken out in undergraduate and graduate categories.(C) Spending on merit-based student aid, broken out in undergraduate and graduate categories.(D) Fund management.(E) Capital improvements.(F) Research activities.(G) Faculty compensation.(H) Allocations to reserves or rainy day funds.(I) Percentage of gifts from the previous fiscal year to the fund that are endowed and the percentage that are functioning as endowment.(J) Spending for the previous academic year on low-income, first generation, and recruitment and retention of students who are Black, indigenous, or people of color. | |
| 112 | 123 | ||
| 113 | - | 66021.15. (a) This section applies to all California-based postsecondary educational institutions with endowment funds where the ratio of endowment dollars to enrolled students exceeds 200,000 to 1, or where the total endowment exceeds one billion dollars ($1,000,000,000).(b) An institution to which this section applies shall report annually to the Legislature on their respective | |
| 124 | + | 66021.15. (a) This section applies to all California-based postsecondary educational institutions with endowment funds where the ratio of endowment dollars to enrolled students exceeds 200,000 to 1, or where the total endowment exceeds one billion dollars ($1,000,000,000).(b) An institution to which this section applies shall report annually to the Legislature on their respective college endowment funds on or before March 31 of each year. These reports shall be submitted in compliance with Section 9795 of the Government Code.(c) The reports required by this section shall include all of the following information: (1) Endowment return on investment for the previous fiscal year.(2) Total endowment spending amount or payout rate for the previous fiscal year, disaggregated by spending, including actual spending and percent spending, in all of the following categories:(A) Restricted and unrestricted payout.(B) Spending on need-based student aid, broken out in undergraduate and graduate categories.(C) Spending on merit-based student aid, broken out in undergraduate and graduate categories.(D) Fund management.(E) Capital improvements.(F) Research activities.(G) Faculty compensation.(H) Allocations to reserves or rainy day funds.(I) Percentage of gifts from the previous fiscal year to the fund that are endowed and the percentage that are functioning as endowment.(J) Spending for the previous academic year on low-income, first generation, and recruitment and retention of students who are Black, indigenous, or people of color. | |
| 114 | 125 | ||
| 115 | 126 | ||
| 116 | 127 | ||
| 117 | 128 | 66021.15. (a) This section applies to all California-based postsecondary educational institutions with endowment funds where the ratio of endowment dollars to enrolled students exceeds 200,000 to 1, or where the total endowment exceeds one billion dollars ($1,000,000,000). | |
| 118 | 129 | ||
| 119 | - | (b) An institution to which this section applies shall report annually to the Legislature on their respective | |
| 130 | + | (b) An institution to which this section applies shall report annually to the Legislature on their respective college endowment funds on or before March 31 of each year. These reports shall be submitted in compliance with Section 9795 of the Government Code. | |
| 120 | 131 | ||
| 121 | 132 | (c) The reports required by this section shall include all of the following information: | |
| 122 | 133 | ||
| 123 | - | (1) Endowment return on investment for the previous fiscal year. | |
| 134 | + | (1) Endowment return on investment for the previous fiscal year. | |
| 124 | 135 | ||
| 125 | - | (2) Total endowment spending amount or payout rate for the previous fiscal year | |
| 136 | + | (2) Total endowment spending amount or payout rate for the previous fiscal year, disaggregated by spending, including actual spending and percent spending, in all of the following categories: | |
| 126 | 137 | ||
| 127 | 138 | (A) Restricted and unrestricted payout. | |
| 128 | 139 | ||
| 129 | 140 | (B) Spending on need-based student aid, broken out in undergraduate and graduate categories. | |
| 130 | 141 | ||
| 131 | 142 | (C) Spending on merit-based student aid, broken out in undergraduate and graduate categories. | |
| 132 | 143 | ||
| 133 | 144 | (D) Fund management. | |
| 134 | 145 | ||
| 135 | 146 | (E) Capital improvements. | |
| 136 | 147 | ||
| 137 | 148 | (F) Research activities. | |
| 138 | 149 | ||
| 139 | 150 | (G) Faculty compensation. | |
| 140 | 151 | ||
| 141 | 152 | (H) Allocations to reserves or rainy day funds. | |
| 142 | 153 | ||
| 143 | - | (I) Percentage of gifts from the previous fiscal year | |
| 154 | + | (I) Percentage of gifts from the previous fiscal year to the fund that are endowed and the percentage that are functioning as endowment. | |
| 144 | 155 | ||
| 145 | - | (J) Spending for the previous academic year two academic years on low-income, first generation, and recruitment and retention of students who are Black, indigenous, or people of color. | |
| 156 | + | (J) Spending for the previous academic year on low-income, first generation, and recruitment and retention of students who are Black, indigenous, or people of color. | |
| 157 | + | ||
| 158 | + | ||
| 159 | + | ||
| 160 | + | ||
| 161 | + | ||
| 162 | + | (a)The board shall appoint a chief executive officer, to be known as the Chancellor of the California Community Colleges, and fix the chancellors compensation. | |
| 163 | + | ||
| 164 | + | ||
| 165 | + | ||
| 166 | + | (b)The chancellor shall execute the duties and responsibilities delegated to the chancellor by the board. Whenever in this code a power is vested in the board, the board, by a majority vote, may adopt a rule delegating that power to the chancellor or any officer, employee, or committee designated by the board. The rule shall prescribe the limits of the delegation. |