The California Bureau for Private Postsecondary Education (BPPE) has confirmed new Student Tuition Recovery Fund rates for next year in the following e-mail message dated December 28, 2012:
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).
For the latest regulatory information, visit the BPPE website at: http://www.bppe.ca.gov
