May 2022

Financial Aid

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

2022-23 (In Millions)

  Governor's Budget May Revision Change
Ongoing Spending      
Middle Class Scholarship revamp $515 $515
Cal Grant baseline adjustmentsa 188 -141 -$329
New positions b 1 b
Other baseline adjustmentsa -6 -6 b
Subtotals ($697) ($368) (-$328)
One-Time Initiatives      
Learning-Aligned Employment program $300 $300
Golden State Teacher Grantsc 98 98 b
Cash for College expansion 1 1
Subtotals ($399) ($399) b
Totals $1,095 $767 -$328
a Adjustments are relative to 2021-22 spending as reflected in Governor's January budget.
b Less than $500,000.
c The 2021‑22 Budget Act appropriated $500 million to be spent annually from 2021‑22 through 2025‑26. Amount shown reflects anticipated spending in year two.