EdBudget Figures
Related Figures
- Comparing CCC Proposition 98 Funding Under the Governor's Budget and May Revision
- Comparing CCC Proposition 98 Proposals Under the Governor's Budget and May Revision
- Summary of CCC Recommendations
- Comparing Core Funding for CSU Under the Governor's Budget and May Revision
- Summary of CSU Recommendations
- Comparing Core Funding for UC Under the Governor's Budget and May Revision
- Summary of UC Recommendations
- Comparing Performance Funding Under Governor’s Budget and May Revision
May 2018
Higher Education
Summary of Financial Aid Recommendations
|
Issue |
May Revision Proposal |
LAO Recommendation |
|
Cal Grant participation |
Increases by $76 million in 2017‑18 and $29 million in 2018‑19. |
Adopt. Based on preliminary review, participation estimates appear reasonable. |
|
TANF funding for Cal Grants |
Decreases federal TANF support by $29 million and increases General Fund support by same amount. |
Adopt. Reflects fund swap and has no programmatic effect. |
|
Cal Grant awards for students at private, nonprofit schools |
Continues to require nonprofit sector to admit specified number of students with associate degrees for transfer, but revises the targets. |
Reject. Minor change to targets does not address underlying problems with proposal. |
|
Short‑term state loans to cover delays in TANF funds for Cal Grant costs |
Authorizes Student Aid Commission to receive up to $125 million in interest‑free General Fund loans. Requires loans to be paid back within 90 days. |
Withhold. Assessment pending receipt of additional data on underlying cash flow issues. |
|
TANF = Temporary Assistance for Needy Families. |
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