January 2021

Financial Aid

California Student Aid Commission Budget

(Dollars in Millions)

  2019-20
Actual
2020-21
Revised
2021-22
Proposed
Change From 2020-21
Amount Percent
Spending          
Local assistance          
Cal Grants $2,282 $2,483 $2,561 $79 3.2%
Middle Class Scholarships 117 117 117 a a
Golden State Teacher Grants 15 100 85 567
Student Opportunity and Access Program 18 8 8
Emergency aid for undocumented studentsb 15 -15 -100
Child Savings Account Grantsc 10
Other programsd 21 21 21 a a
Subtotals ($2,448) ($2,658) ($2,807) ($149) (5.6%)
State operations 27 23 20 -3 -13%
Totals $2,474 $2,681 $2,827 $146 5.4%
           
Funding          
General Fund $1,388 $2,244 $2,406 $161 7.2%
Federal TANF 1,060 400 400
College Access Tax Credit Fund 6 1 a a -52
Other funds and reimbursements 21 36 21 -15 -42
           
a Less than $500,000 or 0.05%.
b Supported by unspent 2019-20 and 2020-21 funds redirected from California Dreamer Service Incentive Grants.
c The 2019-20 Budget Act also provided $25 million one time to the Scholarshare Investment Board for the California Kids Investment and Development Savings Program.
d Includes Assumption Program of Loans for Education, California Military Department GI Bill Awards, Cash for College, Chafee Foster Youth Program, John R. Justice Program, Law Enforcement Personnel Dependents Scholarships, and State Nursing Assumption Program of Loans for Education For Nursing Faculty.
TANF = Temporary Assistance for Needy Families.