January 2023
Financial Aid
California Student Aid Commission Budget
(Dollars in Millions)
| 2021-22 Actual | 2022-23 Revised | 2023-24 Proposed | Change From 2022-23 | ||
| Amount | Percent | ||||
| Spending | |||||
| Local assistance | |||||
| Cal Grants | $2,233 | $2,269 | $2,259 | -$10 | —a |
| Middle Class Scholarships | 105 | 630 | 856 | 226b | 36% |
| Learning-Aligned Employment Programc | 200 | 300 | — | -300 | -100 |
| Golden State Teacher Grantsc | 56 | 147 | 49d | -98 | -67 |
| Golden State Education and Training Grantsc | 95e | — | — | — | N/A |
| Other programs | 38 | 46 | 38 | -7 | -16 |
| Subtotals | ($2,727) | ($3,392) | ($3,203) | (-$190) | (-6%) |
| State operations | 23 | 22 | 34 | 12f | 54% |
| Totals | $2,750 | $3,414 | $3,236 | -$178 | -5% |
| Funding | |||||
| General Fund | $2,328 | $2,993 | $2,815 | -$178 | -6% |
| Ongoing | (1,974) | (2,538) | (2,529) | (-9) | (—a) |
| One-time | (354) | (455) | (286) | (-169) | (-37%) |
| Federal TANF | 400 | 400 | 400 | — | — |
| Other funds and reimbursements | 22 | 21 | 21 | —a | —a |
| a Less than $500,000 or 0.5 percent. | |||||
| b Though last year's budget agreement specifies $227 million for this purpose, the Governor's budget includes $226 million, consistent with the California Student Aid Commission's caseload estimates. Per the agreement, the $226 million is proposed to be provided on a one-time basis. | |||||
| c One-time initiatives. | |||||
| d The administration intends to correct this to $98 million at the May Revision. | |||||
| e The Governor's budget includes $95.3 million for local assistance grants and $4.7 million for state operations. | |||||
| f Includes $10.2 million in carryover funds for administration of certain multiyear initiatives. | |||||
| TANF = Temporary Assistance for Needy Families. | |||||