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This fact sheet discusses student financial aid in California postsecondary education. It indicates California student financial aid is increasing significantly: (1) in 2002-03, California students received over $8 billion in financial aid; (2) financial aid funding increased by over 30%, from $5.9 billion in 1998-99 to $8.1 billion in 2002-03; (3) over half of all financial aid comes from the federal government in the form of loans; (4) the Cal Grant Program accounts for about 7% of total funding; and (5) institutional support totals almost three times the level of funding for the Cal Grant Program.