January 2019

Financial Aid

California Student Aid Commission Budget

(Dollars in Millions)

  2017-18 Actual 2018-19 Revised 2019-20 Proposed Change from 2018-19
Amount Percent
Spending          
Local Assistance          
Cal Grants $2,105 $2,271 $2,560 $289 12.7%
Middle Class Scholarships 100 103 106 3 2.8
Chafee Foster Youth Program 13 18 18
Student Opportunity and Access Program 8 8 8
Assumption Program of Loans for Education 5 3 1 -2 -55.2
Other programsa 3 6 3 -2.9 -47.8
Subtotals ($2,234) ($2,408) ($2,696) ($288) (11.9%)
State Operations $16 $21 $22 $0.9 4.1%
Totals $2,249 $2,430 $2,719 $289 11.9%
           
Funding          
General Fund $1,185 $1,337 $1,626 $289 21.6%
Federal TANF 1,043 1,066 1,066
Other federal funds and reimbursements 16 21 21    —b 0.1
College Access Tax Credit Fund 5 6 6
           
a Includes Cash for College, Child Development Teacher/Supervisor Grants, Every Kid Counts, John R. Justice Program, Law Enforcement Personnel Dependents Scholarships, Military Department GI Bill Awards, and State Nursing Assumption Program of Loans for Education for Nursing Faculty.
   b Less than $500,000
TANF = Temporary Assistance for Needy Families.