July 2023

Financial Aid

Cal Grant Spending

(Dollars in Millions)

  2021-22 Actual 2022-23 Revised 2023-24 Enacted Change From 2022-23
Amount Percent
Total Spending $2,233 $2,267 $2,310 $43 1.9%
By Segment:          
University of California $957 $986 $1,040 $54 5.5%
California State University 791 778 753 -$25 -3.3
California Community Colleges 222 239 257 $18 7.6
Private nonprofit institutions 233 235 231 -$4 -1.6
Private for-profit institutions 29 30 29 -$1 -2.2
Other public institutions —a —a —a —a -26.4
By Program:          
High School Entitlement $1,665 $1,675 $1,715 $40 2.4%
CCC Expanded Entitlement 119 198 257 59 29.5
Competitive 247 223 200 -23 -10.4
Transfer Entitlement 193 165 134 -31 -19.0
Cal Grant C 8 5 4 -1 -17.0
By Award Type:          
Cal Grant A $1,160 $1,210 $1,287 $77 6.4%
Cal Grant B 1,065 1,051 1,018 -33 -3.2
Cal Grant C 8 5 4 -1 -17.0
By Renewal or New:          
Renewal $1,522 $1,575 $1,568 -$7 -0.4%
New 711 692 741 50 7.2
           
Notes:
Data reflect California Student Aid Commission (CSAC) estimates.
Figure does not include spending from the College Access Tax Credit Fund. The enacted budget provides $385,000 from this Fund for Cal Grants in 2023-24.
a Less than $500,000 or 0.5 percent.