This week was the first of two town hall style meetings held at CCA, hosted by President Steve Beal to begin a conversation about financial transparency.  It took place about 5 weeks after I wrote him a letter inviting him to meet and discuss the psychological implications of debt on students, and CCA’s role in that.  Administrators from every department were present, about 15 staff and about 15 students attended.  

I learned that California College of the Arts has a $73 Million Dollar Budget
The breakdown:
27% Financial Aid
23% Instruction
18% Admin Salaries
9% Employee Benefits
5% Plant Operations
5% Old Debt Service
4% Printing
4% Contracts
4% Other
3% Travel

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73 Million Dollars

94% of the total budget comes from tuition
6% auxillary/ gifts 
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Financial Aid is 27% of the Budget

$34 million total in scholarships, grants, loans, employment
$19 million in scholarships
Average student scholarship is $13,000