Comparing California Student Aid Commission Spending Proposals Under Governor’s Budget and May Revision [EdBudget]

May 2021

Comparing California Student Aid Commission Spending Proposals Under Governor’s Budget and May Revision

2021-22 (In Millions)

	Governor's Budget	May Revision	Change
Ongoing
Cal Grants
Additional competitive awards	$35	$34	-$1^a
Supplemental award for foster youth	20	15	-5
Cal Grant A eligibility restoration^b	—	-43	-43
Caseload adjustments^b	16	-47	-63^c
Grant Delivery System modernization	1	1	—
Other financial aid program adjustments^b	—^d	—^d	—^d,e
Subtotals	($72)	(-$40)	(-$112)
One-Time
Grants for displaced workers	—	$1,000	$1,000
Golden State Teacher Grants	$100	500	400
Grant Delivery System modernization	1	1	—
Student Loan Operating Fund reappropriation	—	—^d	—^d
Subtotals	($101)	($1,501)	($1,400)
Totals	$173	$1,461	$1,288

^a Reflects a reduction of $1.3 million for base awards, partly offset by an increase of $507,000 for associated supplemental awards for students with dependent children.
^bAdjustments are relative to 2020-21 levels as reflected in Governor's January budget.
^c Reflects the removal of $50 million in assumed cost increases due to the recession, a downward adjustment of $12.9 million based on more recent baseline data, and an upward adjustment of $61,000 for the Cal Grant B supplemental award funded by the College Access Tax Credit.
^d Less than $500,000.
^e Reflects upward adjustments of $69,000 for the Middle Class Scholarship and $32,000 for the Assumption Program of Loans for Education based on updated caseload estimates.