It’s a historic first for higher education in San Francisco. Mayor Ed Lee announced on Monday that the city will be the first in the nation to make city college free for all students, regardless of their income.
San Francisco will guarantee nearly $5.4 million a year to City College to pay for the tuition of students who reside in San Francisco. In order to qualify as a resident, a student must live in the city for at least a year and a day. They can either be part-time or full-time students.
The money will come from an increase in the real estate transfer tax for commercial and residential properties valued at more than $5 million.
According to the student expense budget for City College, textbooks, and supplies represent about $1,700 a year for a full-time students, that’s not including transportation.
Some of the money announced Monday will go to help offset those costs. Full time students who receive financial aid will receive an extra $500.The new funding will go into effect next fall.