July 2020

Financial Aid

California Student Aid Commission Budget

(Dollars in Millions)

  2018-19
Actual
2019-20
Revised
2020-21
Enacted
Change From 2019-20
Amount Percent
Spending          
Local assistance          
Cal Grants $2,122 $2,400 $2,486 $87 3.6%
Middle Class Scholarships 104 117 117
Emergency aid for undocumented studentsa 15 15 N/A
Golden State Teacher Grant Program 15 15 N/A
Student Opportunity and Access Program 8 18 8 -10 -55.9
College savings accountsb 3 10 -10 -100.0
Other programsc 23 22 21 -1 -2.7
Subtotals ($2,259) ($2,565) ($2,662) ($96) (3.8%)
State operations $20 $27 $23 -$4 -14.2%
Totals $2,280 $2,592 $2,685 $93 3.6%
           
Funding          
General Fund $1,189 $1,506 $2,248 $742 49.3%
Federal TANF 1,066 1,060 400 -660 -62.3
Other federal funds and reimbursements 19 21 36 15 72.9
College Access Tax Credit Fund 5 6 1 -5 -86.1
           
a Supported by unspent 2019-20 and 2020-21 funds redirected from California Dreamer Service Incentive Grants.
b The 2019-20 Budget Act also provided $25 million one time to the Scholarshare Investment Board for the California Kids Investment and Development Savings Program.
c Includes Assumption Program of Loans for Education, California Military Department GI Bill Awards, Cash for College, Chafee Foster Youth Program, John R. Justice Program, Law Enforcement Personnel Dependents Scholarships, and State Nursing Assumption Program of Loans for Education.
TANF = Temporary Assistance for Needy Families.