July 2024
Financial Aid
California Student Aid Commission Budget
(Dollars in Millions)
| 2022-23 Actual | 2023-24 Revised | 2024-25 Enacted | Change From 2023-24 | ||
| Amount | Percent | ||||
| Spending | |||||
| Local assistance | |||||
| Cal Grants | $2,211 | $2,333 | $2,439 | $106 | 4.5% |
| Middle Class Scholarships | 568 | 803 | 926 | 123 | 15.3 |
| Golden State Teacher Grants | 137 | 205 | 112 | -93 | -45.4 |
| Other programs and adjustments | -129a | 40 | 38 | -2 | -5.2 |
| Subtotals | ($2,787) | ($3,381) | ($3,515) | ($134) | (4.0%) |
| State operations | $28 | $26 | $24b | -$3 | -9.9% |
| Totals | $2,815 | $3,407 | $3,538 | $131 | 3.9% |
| Funding | |||||
| General Fund | $2,396 | $2,984 | $3,116 | $132 | 4.4% |
| Ongoing | (2,416) | (2,550) | (2,717) | (167) | (6.6) |
| One-time | (-21)a | (435) | (399) | (-35) | (-8.1) |
| Federal TANF | $400 | $400 | $400 | — | — |
| Other funds and reimbursements | 19 | 23 | 22 | -1 | -2.6% |
| a Includes reduction of $200 million one-time General Fund originally appropriated for Learning-Aligned Employment Program in 2021-22. | |||||
| b Reduction reflects removal of prior-year one-time funds. Amount shown does not include a 7.95 percent reduction authorized by Control Section 4.05. | |||||
| TANF = Temporary Assistance for Needy Families. | |||||