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Cal Grant and Middle Class Scholarship caseloads rise; commission seeks additional current‑year funds

3429702 · May 21, 2025
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

The Student Aid Commission and Department of Finance told the subcommittee that Cal Grant and Middle Class Scholarship (MCS) caseloads have grown substantially, creating current‑year shortfalls the May Revision proposes to address; the LAO cautioned that projected growth rates are above historical averages.

The Senate Budget Subcommittee heard updated caseload and cost estimates for California’s major state financial aid programs and discussed how the May Revision addresses unexpectedly high spending pressure.

Aman Singh of the Department of Finance told the committee that Cal Grant is experiencing a $109 million shortfall in the current year (2024–25), $95 million more than forecast in January, and that the May Revision proposes increasing current year appropriations to meet obligations. The May Revision also shows higher…

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