The 2026-27 Budget: California Student Aid Commission

Feb 17, 2026 - To be eligible for MCS awards, students only had to have household income and assets under specified program caps. These income and asset caps were adjusted annually for inflation. They did not vary by family size.
https://lao.ca.gov/Publications/Report/5127

The 2022-23 Budget: California State Library

Feb 18, 2022 - Preserving historical assets is a core function of the State Library. Digitizing assets furthers this mission by creating an additional copy of an asset were it ever to be damaged or destroyed and by making the asset more readily available to the public.
https://lao.ca.gov/Publications/Report/4549

The 2026-27 Budget: University of California

Feb 26, 2026 - In 2024 ‑25, UCRP ’s funded status (comparing assets to liabilities) was 85  percent and is expected to reach  90  percent in 2025 ‑26. UCRP ’s funded status has tended to be better than other California state retirement plans.
https://lao.ca.gov/Publications/Report/5143

Addressing Capital Renewal at UC and CSU

Jan 5, 2023 - Funds in this account are invested in certain types of assets (such as mutual funds) in which CSU did not previously invest. Under state law, CSU may only use TRP earnings for one ‑time capital expenses, including renewal.
https://lao.ca.gov/Publications/Report/4657

The 2024-25 California Spending Plan: Higher Education

Sep 11, 2024 - It also requires CSAC to prioritize applicants with the lowest income and asset levels when making award offers. Learning-Aligned Employment Initiative Is Discontinued. The budget reverts $485  million one-time General Fund from this initiative.
https://lao.ca.gov/Publications/Report/4926

The 2024-25 Budget: California Student Aid Commission

Feb 29, 2024 - To qualify for an award, students must meet certain income and asset criteria. These criteria vary by family size and are adjusted annually for inflation. For example, in the 2023 ‑24 award year, a dependent student from a family of four must have an annual household income of under $125,600 to qualify for a Cal Grant A or C and under $66,000 to qualify for Cal Grant B.
https://lao.ca.gov/Publications/Report/4865

The 2025-26 Budget: University of California

Feb 27, 2025 - In 2024‑25, UCRP’s funded status (comparing assets to liabilities) was 85 percent. UCRP’s funded status has tended to be better than other California state retirement plans Health Care Costs Have Been Growing.
https://lao.ca.gov/Publications/Report/4998

The 2022-23 Budget: Middle Class Scholarship Program

Mar 30, 2022 - The revamped program generally maintains the income and asset ceilings in the original program, adjusted for inflation. For 2022 ‑23, the maximum annual household income to qualify for an MCS award will be $201,000 for dependent students.
https://lao.ca.gov/Publications/Report/4581

The 2023-24 Budget: California State University

Feb 7, 2023 - In addition to these state ‑supported assets, CSU has self ‑supporting facilities, including student housing, parking structures, certain athletic facilities, and student unions. These types of facilities typically generate their own fee revenue, which covers associated capital and operating costs.
https://lao.ca.gov/Publications/Report/4671

The 2021-22 Spending Plan: Higher Education

Oct 11, 2021 - Created in 2014 ‑15, the original Middle Class Scholarship program provides partial tuition coverage for CSU and UC students with household income and assets under a certain level ($191,000 in 2021 ‑22).
https://lao.ca.gov/Publications/Report/4461