May 2026

Financial Aid

May Revision Adjusts Middle Class Scholarship Spending and Recipients Downward

  2024-25 2025-26 2026-27
Spending (In Millions)
Governor's Budget $1,009 $1,054 $544a
CSU 711 719 360
UC 298 335 183
CCCb 1 —c —c
May Revision $1,009 $959 $524
CSU 711 641 350
UC 298 318 173
CCC 1 1 —c
Change $0 -$95 -$20
CSU 0 -78 -10
UC 0 -18 -10
CCC 0 —c —c
Recipients
Governor's Budget 352,552 349,667 367,150
CSU 250,587 239,590 251,569
UC 101,848 109,984 115,483
CCC 117 93 98
May Revision 352,552 326,588 342,918
CSU 250,587 223,295 234,460
UC 101,848 103,121 108,277
CCC 117 172 181
Change 0 -23,079 -24,232
CSU 0 -16,295 -17,109
UC 0 -6,863 -7,206
CCC 0 79 83
       
Note: Data for 2025-26 and 2026-27 are estimates. Table shows program costs in the year they occur. Beginning in 2025-26, the state began funding the program in arrears, such that it will appropriate funding for 2025-26 costs in 2026-27 and appropriate funding for 2026-27 costs in 2027-28. The Governor's budget and May Revision both assume 35 percent award coverage in 2025-26 and 17.5 percent coverage in 2026-27. The May Revision assumes the associated costs are lower given recipient counts are revised downward. 
a Reflects LAO estimate. The Governor's budget includes $513 million.
b In addition to undergraduate students at UC and CSU, CCC students in bachelor's degree programs are eligible for Middle Class Scholarships.
c Less than $500,000.