CAPPS - Avocacy and Communication Professional Development

California Association of Private Postsecondary Schools

STRF Rate Change As Of January 1, 2013

01/02/2013

As posted on the BPPE General Listserv on Friday, December 28, 2012
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Dear School Administrators:

The Student Tuition Recovery Fund (STRF) assessment rate has changed from two dollars and fifty cents ($2.50) per thousand ($1000) of institutional charges to fifty cents ($ .50) per thousand ($1000) of institutional charges.

Effective January 1, 2013, all institutions will be required to immediately begin collecting the STRF assessment at the new rate of fifty cents ($.50) per thousand ($1000) of institutional charges.

The authority for STRF assessment may be found in Title 5, California Code of Regulations, Division 7.5, section 76120, which reads:

Amount of STRF Assessment. (a) Each qualifying institution shall collect an assessment of fifty cents ($.50) per one thousand dollars ($1,000) of institutional charges, rounded to the nearest thousand dollars, from each student in an educational program who is a California resident or is enrolled in a residency program. For institutional charges of one thousand dollars ($1,000) or less, the assessment is fifty cents ($.50).