July 2023

Financial Aid

Changes in California Student Aid Commission General Fund Spending

2023-24 (In Millions)

Ongoing Spending  
Cal Grant baseline adjustment $43
Middle Class Scholarship baseline adjustment 39
Middle Class Scholarship foster youth award increase 5
Program administration and outreacha 1
Other —b
Subtotal ($88)
One-Time Initiatives  
Middle Class Scholarship one-time augmentationc $227
Golden State Teacher Grantsd 98
Cybersecurity activities 1
Carryover funds 10
Subtotal ($336)
Total $424
a Consists of $518,000 for 5 financial aid workload positions, $469,000 for 2 cybersecurity positions and related expenses, $120,000 for high school toolkits, $103,000 for Cash for College, and a reduction of $45,000 due to adjustments in employee compensation costs.
b Reflects baseline adjustment of $42,000 for the Law Enforcement Personnel Dependents financial aid program.
c The 2022-23 budget agreement included intent to provide these funds. The 2023-24 budget agreement indicates intent to provide $289 million one time in 2024-25.
d The 2021‑22 Budget Act appropriated $500 million to be spent annually from 2021‑22 through 2025‑26. Amount shown reflects anticipated spending in year three.