Senate DemocratsSB15: A Plan for Higher Education in California

How SB 15 is Funded

SB 15: A Plan for Higher Education in California
(dollars in millions)

Proposal Cost
  2015-16 2016-17 2017-18
Incentive Grant for CSU Students  $48  $70  $100
Maintain Cal Grant awards for students at nonprofit colleges at current level2  $9  $17  $24
Increase Cal Grant B access awards3  $-    $-    $-  
Increase the number of competitive Cal Grants awards from
22,500 to 30,0004
 $22  $37  $47
Fund enrollment growth at UC and CSU5  $113  $113  $113
Expand student support services to help more students succeed and graduate on time, including providng $25 million each to UC/CSU for course offerings.    $150  $150  $150
Total  $342  $387  $434
Funding Source      
Transition Middle Class Scholarship program into initiatives more likely to improve student success6,7  $102  $193  $285
Increase UC nonresident tuition   $82  $82  $82
Increase state General Fund investment  $158  $111  $66
Total  $342  $387  $434

1Based on roughly 1/2 of CSU Cal Grant students receiving $2,000 grant (annual growth of 10%)        
2Upon full implementation, 2018-19, $28.8 million        
3Funded through the College Access Tax Credit        
4Upon full implementation, 2018-19, $53.5 million        
5Assumes growth of 2.4% at UC/3% at CSU (5,000 FTES at UC/10,500 FTES at CSU)        
6Doesn't include MCS funds potentially available from the current-year        
7Includes grandfathering out of current recipients