The 2022-23 Budget: Student Financial Aid

Feb 18, 2022 - The Governor ’s 2022 ‑23 budget includes these funds. The eligibility criteria and award amounts will be the same as for public school students in 2021 ‑ 22 —meaning each low ‑income first grader will receive a deposit of $500, and first graders who are foster youth or homeless will receive additional $500 deposits.
https://lao.ca.gov/Publications/Report/4548

The 2026-27 Budget: California Student Aid Commission

Feb 17, 2026 - From 2022 ‑23 through 2024 ‑25, CSAC determined what percentage of each student ’s remaining costs to cover based on the annual MCS appropriation. In 2022 ‑23, award coverage was 26  percent, followed by 36  percent in 2023 ‑24, and 35  percent in 2024 ‑25.
https://lao.ca.gov/Publications/Report/5127

The 2023-24 Budget: California Student Aid Commission

Feb 23, 2023 - Third, it added three new positions at CSAC to support school districts in implementing the new financial aid application requirement. State Is Also Funding Other High School Outreach Efforts. The 2022 ‑23 Budget Act also included augmentations for other agencies that could support the implementation of the new financial aid application requirement.
https://lao.ca.gov/Publications/Report/4702

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 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 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 2023-24 Budget: University of California

Feb 15, 2023 - Specifically, we recommend the Legislature remove the entire $500  million General Fund scheduled to be provided for the Institute from 2022 ‑23 through 2024 ‑25. Given the lack of information about the project, the benefit of any smaller amount of funding for the project remains unclear.
https://lao.ca.gov/Publications/Report/4684

UC Merced at 20: Campus Developments and Key State-Level Takeaways

Nov 7, 2024 - Consequently, adding enrollment slots at UC Merced has been costlier than adding slots at the other UC campuses. In 2022 ‑23, UC Merced received $85  million in state per ‑student funding above the level it would have generated under the rebenching formula had it been any other UC general campus with a comparable student body.
https://lao.ca.gov/Publications/Report/4937

The 2023-24 California Spending Plan: Higher Education

Oct 19, 2023 - All but two of these initiatives were added in the legislative package or three-way agreement. These initiatives (totaling $14  million) provide operational support or facility funding for specific local library projects.
https://lao.ca.gov/Publications/Report/4809