May 2017

Financial Aid

California Student Aid Commission Budget

(In Millions)

  2015-16    2016-17   2017-18 Year-to-Year Change at May Revision
  Revised   Revised   Governor's Budget May
Revision		 Change
Expenditures                
Local Assistance                
Cal Grants $1,861   $1,986   $1,986 $2,109 $123 $124
Middle Class Scholarships 44   74   74 64 -10 -10
Assumption Program of Loans for Education 14   10   7 7 1 -3
Chafee Foster Youth Program 11   14   14 14 0 0
Student Opportunity and Access Program 8   8   8 8 0 0
National Guard Education Assistance Awards 2   2   2 2 0 0
Other Programsa 1   1   1 1 0 0
Subtotals $1,941   $2,095   $2,093 $2,206 $113 $111
                 
   State Operations $14   $17   $14 $15 $1 -$2
   Totals $1,955   $2,112   $2,107 $2,221 $114 $109
                 
Funding                
   General Fund $1,419   $1,163   $1,153 $1,078 -$75 -$85
   Federal TANF 521   926   926 1,120 194 194
   Otherb 16   23   29 23 -6 0
                 
a Includes Cash for College, Child Development Teacher and Supervisor Grants, Graduate Assumption Program of Loans for Education, John R. Justice Program, Law Enforcement Personnel Dependents Scholarships, and State Nursing Assumption Program of Loans for Education for Nursing Faculty.
b Includes College Access Tax Credit Fund, Student Loan Authority Fund, and other federal funds.    
TANF = Temporary Assistance to Needy Families