July 2025

Universities

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.