Higher Education
Student Aid Commission

The Budget provides total funding from all sources of $903.4 million, an increase of $45.8 million or 5.3 percent above the revised 2006-07 level. This funding includes $873 million General Fund, reflecting an increase of $70.1 million or 8.7 percent above the revised 2006-07 level. The Budget includes the following significant adjustments for the Student Aid Commission:


CURRENT YEAR
  • $43.9 million in savings in the Cal Grant and APLE programs.

BUDGET YEAR
  • $41.4 million increase over the revised 2006-07 level for anticipated growth in the Cal Grant Program, reflecting increased participation and the anticipated undergraduate fee increases of 7 percent and 10 percent at UC and CSU, respectively.
  • $6.7 million increase over the revised 2006-07 level for anticipated growth in costs in the Assumption Program of Loans for Education (APLE).
  • $15.3 million to shift the cost of the Commission's state operations from the Student Loan Operating Fund to the General Fund as a result of the pending sale of EdFund.
  • $6.4 million to shift the cost of the Commission's financial aid awareness program known as CalSOAP from the Student loan Operating Fund to the General Fund as a result of the pending sale of EdFund.
  • Authorization for 600 new warrants for a total of 8,000 for the Assumption Program of Loans for Education (APLE) to help increase the teacher supply in critical shortage areas including math and science (payments estimated to begin no sooner than 2009-10).
  • Authorization for 100 new warrants for the State Nursing Assumption Program of Loans for Education (SNAPLE) (payments estimated to begin no sooner than 2009-10).
  • Authorization for 100 new warrants for the Nurses in State Facilities APLE program (payments estimated to begin no sooner than 2009-10).
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CHAPTER HIGHLIGHTS for Higher Education Back to Top

 Higher Education Compact Funding Levels
 Community Colleges
 Career Technical Education Initiative
 Nurse Education Initiative
 CCC Student Success Initiative
 Sale of EdFund
 University of California
 California State University
 California Community Colleges
 Hastings College of the Law
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PRINTABLE BUDGET DOCUMENTS Back to Top
Enacted Budget Summary - Higher Education (pdf * - 37K) -
Provides the entire Higher Education Chapter in pdf format.
ADDITIONAL INFORMATION Back to Top
Enacted Budget Detail - Higher Education
Displays Enacted Budget Detail information for Higher Education.