Read 2012-13 IncomeCeilings_renewing_recips_awardedCG_in_2011-12.xlsx text version

CALIFORNIA STUDENT AID COMMISSION

FOR RENEWING CAL GRANT RECIPIENTS Initially Awarded a Cal Grant In the 2011-12 Academic Year

2012-13 CAL GRANT PROGRAM INCOME CEILINGS

Cal Grant A and C

1

Cal Grant B

Dependent students and Independent students with dependents other than a spouse Family size: Six or more $92,600 $50,900 Five $85,900 $47,100 Four $80,100 $42,100 Three $73,700 $37,900 Two $72,000 $33,600 Independent students Single, no dependents Married, no other dependents

$29,400 $33,600

$29,400 $33,600

2012-13 CAL GRANT PROGRAM ASSET CEILINGS

Dependent students 2 Independent students

1 2

1

$62,000 $29,500

These ceilings are the same as the 2012-13 ceilings for new Cal Grant applicants. This ceiling also applies to independent students with dependents other than a spouse.

NOTES: Per California Education Code section 69432.7(k), the Cal Grant program income and asset ceilings for new applicants and renewing recipients are to be adjusted annually using the change in the in the cost of living within the meaning of paragraph (1) of subdivision (e) of Section 8 of Article XIII B of the California Constitution: SEC. 8. (e) (1) "Change in the cost of living" for the State, a school district, or a community college district means the percentage change in California per capita personal income from the preceding year. For renewing recipients initially awarded a Cal Grant in the 2011-12 academic year, the maximum ceilings shall be the greater of the 2012-13 ceilings or the 2011-12 ceilings applied to new Cal Grant applicants.

11/10/2011

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