July 2025
University of California Core Funding by Source
(Dollars in Millions Except Funding Per Student)
2023-24 Actual | 2024-25 Revised | 2025-26 Enacted | Change from 2024-25 | ||
Amount | Percent | ||||
Ongoing Core Funds | |||||
Tuition and feesa | $5,268 | $5,498 | $5,740 | $241 | 4.4% |
General Fund | 4,717 | 4,858 | 4,853b | -5 | -0.1 |
Lottery | 61 | 56 | 56 | -0 | -0.0 |
Other core funds | 409 | 401 | 401 | — | — |
Subtotals | ($10,455) | ($10,813) | ($11,049) | ($236) | (2.2%) |
One-Time General Fund | $102 | $6 | $89 | 83 | 1320% |
Totals | $10,557 | $10,819 | $11,138 | $318 | 2.9% |
Enrollmentc | |||||
Resident undergraduates | 203,661 | 206,588 | 209,535 | 2,947 | 1.4% |
All other | 89,822 | 89,628 | 89,351 | -277 | -0.3 |
Totals | 293,483 | 296,216 | 298,886 | 2,670 | 0.9% |
Ongoing Core Funding Per Student | $35,625 | $36,505 | $36,968 | $463 | 1.3% |
a Includes funds that UC uses for tuition discounts and waivers. | |||||
b Reflects the deferral of $130 million from May/June to July 2026. | |||||
c Reflects budgeted enrollment on an full-time equivalent (FTE) basis. A FTE student equates to 30 credit units for an undergraduate and 24 credits units for a graduate student. The resident undergraduate count includes the replacement of nonresident students with resident students. The "All other" category consists of resident graduate students as well as all nonresident students. As of July 2025, UC estimates it exceeded the budgeted resident undergraduate target both in 2024-25, reaching 209,858 FTE students, and in 2025-26, reaching 211,368 FTE students. |