The MCS program could benefit students going into higher education.
Here’s what you need to know about it.
MCS awaiting budget backing
The Middle Class Scholarship (MCS) is a program devised by the Higher Education Committee. If the bill is passed it could help thousands of students in California. Read more about it here.
The current model for the scholarship needs to get full backing before the state budget deadline on June 15. It has been proposed that $632 million dollars be set aside to aid about 360,000 college students.
Students that are eligible for MCS 2,0 could get an additional $1,000-$3,000 in the form of a grant this fall. People who come from higher income homes will probably see more money too. This is because they receive less in other forms of financial assistance. The money will generally be tax-free but depends on your specific circumstances.
Who is eligible?
The MCS can provide between 10-40% of tuition and fees for students enrolled at a California State University and be:
- a California resident or have AB 540 status
- not in default on a student loan
- maintain satisfactory academic progress
- have a family asset level less than $191,000
- file FAFSA/ California Dream Act application by deadline
- not in jail
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