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Senate committee reviews fund shift to keep Bureau for Private Postsecondary Education solvent
Summary
The subcommittee heard a proposal to transfer student-facing operations and claims administration from the Bureau for Private Postsecondary Education's administrative fund to the Student Tuition Recovery Fund (STRF) to avoid an impending insolvency and buy time for a longer-term fee structure.
The Senate Budget Subcommittee No. 1 on Education heard testimony Wednesday on a Department of Finance and Bureau for Private Postsecondary Education proposal to shift about $2.7 million per year of student-facing activity from the Bureau’s administrative fund to the Student Tuition Recovery Fund (STRF).
The change is aimed at preventing the bureau’s administrative fund from becoming insolvent in fiscal year 2026–27. “The Bureau for Private Postsecondary Education oversees nearly 900 private colleges operating within California and more than 100 colleges enrolling California students via…
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