Nope. Rate increased due to change of contract. It's still lower than full-time, however. Pay IS based on roles, so yes, it is conceivable that a lifeguard CP will make that much but lifeguard CPs are the highest-paid of all CPs and still make less than full-time life guards. There are even higher-paid entry-level positions for full-timers, like bus drivers, that CP's do not have access to.
The point is, that no matter WHAT role a CP performs, they will ALWAYS be paid lower than the base starting rate for a full-time, part-time, or seasonal cast member in the same role.
For the record, I was a CP three times, and I am now full-time with Disney, so don't think I'm knocking the program. I'm just correcting you on how woefully misinformed on the overall pay differential between full-time Cast Members and CP Cast Members you are.
Yes, this is because they are either paid hourly and live in the same housing complexes as the CP's (usually in a block that's reserved for the PI's) but pay significantly more on a weekly basis for rent to compensate, so their percentage of disposable income is pretty much the same. For the salaried professional internships (e.g., management), which I myself have done, housing is not provided and you are paid lower than the full-time salaried cast members, even ones that are only on temporary assignments.
The college program and professional internship programs are a great way to getting your foot in the door with Disney, but anyone who goes into it or is an outsider saying they pay a decent wage is deluding themselves. Hell, even front-line full-time pay at Disney is hardly glamorous. You don't start making a decent living wage until you get into an entertainment tech role, a non-union hourly role or leadership.