The 2021-22 Budget: California Student Aid Commission

Feb 8, 2021 - For example, in the 2020 ‑21 award year, a dependent student from a family of four must have an annual household income of under $106, 500 t o qualify for Cal Grant A or C, and under $56, 000 t o qualify for Cal G rant B.
https://lao.ca.gov/Publications/Report/4355

The 2023-24 Budget: Scholarshare Investment Board

Mar 7, 2023 - The state is providing $15  million ongoing General Fund to support seed deposits for children born on or after July 1, 2022. Low-Income First Graders Receive Additional Deposits. Under the second component of the CalKIDS program, SIB is to provide a deposit of $500 to each first grader who is low-income (as defined under the Local Control Funding Formula).
https://lao.ca.gov/Publications/Report/4731

The 2024-25 California Spending Plan: Higher Education

Sep 11, 2024 - Most of the original $500  million appropriation was unspent as of June 2024 and the state reverted the remaining funds to help address its budget deficit. Financial Literacy Outreach Program Is Discontinued.
https://lao.ca.gov/Publications/Report/4926

The 2021-22 Spending Plan: Higher Education

Oct 11, 2021 - First Graders From Low-Income Families Get $500 Supplemental Deposits. The budget provides Scholarshare with $170  million ongoing General Fund beginning in 2022 ‑23 to add $500 to the college savings account of each low-income first grader (as identified under LCFF).
https://lao.ca.gov/Publications/Report/4461

The 2026-27 Budget: California State University

Feb 24, 2026 - The total marginal cost (state and student shares combined) of increasing resident undergraduate enrollment by 1  percent in 2026 ‑27 is $58  million. Provide more funding for student financial aid. Specifically, CSU plans to designate $67  million for this purpose.
https://lao.ca.gov/Publications/Report/5142

The 2022-23 Budget: Student Financial Aid

Feb 18, 2022 - The 2022-23 Budget: Student Financial Aid a Governor ’s budget provides $479,000 for this purpose. b Reflects second year of two ‑year plan (per 2021 ‑22 budget agreement). c The 2021 ‑22 Budget Act appropriated $500 million for this purpose.
https://lao.ca.gov/Publications/Report/4548

The 2022-23 California Spending Plan: Higher Education

Oct 4, 2022 - Consistent with the 2021-22 budget agreement, the 2022-23 budget provides $170  million ongoing General Fund to SIB to add at least $500 to the college savings account of each low-income first grader (as identified under LCFF).
https://lao.ca.gov/Publications/Report/4632

The 2025-26 California Spending Plan: Higher Education

Nov 14, 2025 - The $50  million is in addition to the $500  million one-time General Fund appropriation provided in the 2021-22 Budget Act for this program. Along with the additional funding, trailer legislation extends the program by one year, through June 30, 2026.
https://lao.ca.gov/Publications/Report/5089

The 2022-23 Budget: Overview of the Governor's Budget

Jan 13, 2022 - Additionally, the Governor proposes $500  million for the Encampment Resolution Grants Program in 2022 ‑23 administered by the California Interagency Council on Homelessness to provide targeted grants to local governments to rehouse individuals living in encampments.
https://lao.ca.gov/Publications/Report/4492

The 2025-26 Budget: Scholarshare Investment Board

Apr 30, 2025 - Second, SIB provides a deposit of $500 to first graders who are low income (as defined under the Local Control Funding Formula). First graders qualify for an additional $500 deposit if they are foster youth and an additional $500 deposit if they are experiencing homelessness (for a maximum deposit of $1,500).
https://lao.ca.gov/Publications/Report/5035