May 2022
Financial Aid
May Revision Adjustments to Cal Grant Spending by Segment
(Dollars in Millions)
| Governor's Budget | May Revision | Change | ||
| Amount | Percent | |||
| 2021-22a | ||||
| UC | $1,057 | $977 | -$80 | -8% |
| CSU | 892 | 847 | -45 | -5 |
| CCC | 378 | 300 | -78 | -21 |
| Private nonprofit | 248 | 241 | -8 | -3 |
| Private for-profit | 29 | 30 | 1 | 4 |
| Other public | —b | —b | —b | 29 |
| Totals | $2,604 | $2,395 | -$209 | -8% |
| 2022-23a | ||||
| UC | $1,164 | $1,011 | -$154 | -13% |
| CSU | 932 | 829 | -104 | -11 |
| CCC | 413 | 307 | -106 | -26 |
| Private nonprofit | 251 | 236 | -16 | -6 |
| Private for-profit | 30 | 31 | 1 | 4 |
| Other public | —b | —b | —b | 52 |
| Totals | $2,791 | $2,414c | -$378 | -14% |
| a Excludes College Access Tax Credit. | ||||
| b Less than $500,000. | ||||
| c Reflects CSAC estimates. The May Revision assumes $48.8 million in additional costs above CSAC estimates. This difference is due to the administration anticipating that more students will return to college campuses in 2022-23 than CSAC assumes. The administration has not specified how this $48.8 million would be distributed across the segments. This adjustment brings total May Revision spending to $2,462.6 million and brings the change from Governor's budget to -$328.9 million (-12 percent). | ||||