Higher Education
California Student Aid Commission

  • 2005-06 -$2 million General Fund
  • 2006-07 -$24.3 million General Fund
  • 2007-08 -$20 million General Fund

PRIOR YEAR
  • Additional workload savings of $2 million is estimated for prior-year Cal Grant Program awards.

CURRENT YEAR
  • Workload savings of $23 million is estimated for current-year Cal Grant Program awards, reflecting lower than anticipated transfer entitlement awards and shifts of students to lower-cost institutions in the high school entitlement program.
  • Workload savings of $1.3 million is estimated for current-year payments for the Assumption Program of Loans for Education (APLE).

BUDGET YEAR
 The May Revision proposes a net General Fund decrease of $20 million over the level proposed in the Governor's Budget, as noted below:

  • Workload savings of $42.8 million associated with revised estimates for Cal Grant Program awards that will be issued in 2007-08 based on trends noted for the current year.
  • A workload increase of $2.5 million to fund revised estimates of payments for the APLE program.
  • An increase of $20.3 million to shift the cost of the Commission's state operations and financial aid awareness (CalSOAP) to the General Fund in recognition of the proposed sale of EdFund, the Commission's auxiliary loan guarantee agency.
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CHAPTER HIGHLIGHTS for Higher Education Back to Top

 University of California
 California State University
image of black pointing arrowCalifornia Student Aid Commission
 California Community Colleges
PRINTABLE BUDGET DOCUMENTS Back to Top
Revised Budget Summary - Higher Education (pdf * - 8K) -
Provides the entire Higher Education Chapter in pdf format.
ADDITIONAL INFORMATION Back to Top
Revised Budget Detail - Higher Education
Displays Revised Budget Detail information for Higher Education.

Proposed Budget Summary - Higher Education (January 2007)
Displays Proposed Budget Summary information for Higher Education.