CSU to Defer Payments of Fees by Students Affected by Cal Grant IOUs
_The following budget update was provided by the CSU Chancellor’s Office._
The California State University announced today that it will defer State University Fee payments for the summer and fall 2009 term for CSU students who experience delays receiving Cal Grants from the California Student Aid Commission. The State Controller and the CSAC have informed higher education institutions of delays in the payment of Cal Grant A and B awards. The state began issuing IOUs due to a cash shortage resulting from failure to adopt and sign a state 2009-10 budget that closes the projected $26.3 billion General Fund shortfall.