Transcript Slide 1
Financial Aid at the
University of California
Spring 2014
UC is affordable!
It costs less than you think.
• Most families pay less than the full price of attending UC.
• 50% of undergraduates pay no tuition at all.
• Over two-thirds of students receive grants and
scholarships, with an average award of around $16,300.
All students should apply for financial aid.
• This is the only way to guarantee consideration for every
type of aid possible, regardless of income level.
There are lots of ways to finance a UC education.
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Financing a UC
education is a
partnership between
the student, his or her
parents and UC.
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Students
• UC expects students to cover part of the cost of
attendance through working and borrowing.
Parents
• UC expects parents to contribute based on their
financial resources and circumstances as reported on
the FAFSA or California Dream Act Application.
UC
• UC covers the remaining costs with gift aid from a
variety of sources. Each campus determines a
student’s total grant eligibility and meets it using
federal, state and UC’s own gift aid programs.
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UC Cost of Attendance (2013-2014)
Living on campus: $32,400
room &
board
$13,800
tuition/fees
$13,200
(subject to change
without notice)
personal &
transportation
expenses
$2,200
books &
supplies
$1,500
health care
fee/allowance
$1,700
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NET COST is the key to
comparing different
college prices.
Estimates of annual share of UC
net cost for:
• Single independent students
•
$10K-$12K
• Dependent students in a family of
four with one in college:
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$9K-$10K for family earning $20K
$11K-$13K for family earning $40K
$14K-$16K for family earning $60K
$19K-$21K for family earning $80K
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Our Blue + Gold
Opportunity Plan will
cover systemwide
tuition and fees for
students who qualify.
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How does it work?
• The Blue and Gold Opportunity Plan gives California
families who qualify for financial aid the assurance
that they won’t have to pay UC’s systemwide tuition
and fees if their total income is less than $80,000.
• Qualified students must be in their first four years of
attendance (first two for transfer students).
How do students apply?
• Students must file the FAFSA or the California
Dream Act application and Cal Grant GPA
Verification form by March 2 of the year they plan to
enter UC.
• No separate application is needed; students will
receive benefits automatically if they qualify.
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The Blue and Gold Opportunity Plan
provides a minimum amount of
grant money students can receive.
• Students with sufficient financial need can
qualify for even more grants to cover other
educational expenses, such as room and
board, books and transportation.
• UC currently provides grant and scholarship
assistance averaging over $16,000 per student
to more than half of undergraduates.
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Starting in the 2014-15 academic year,
California’s Middle Class Scholarship
(MCS) program will provide
scholarships to undergraduate students
with family incomes up to $150,000.
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Nearly all UC students seeking
financial aid will be expected to work
or borrow.
• The student share is about $9K-$10K for
dependent students and about $10K-$12K for
independent students.
• Exceptions include students with large
scholarships (a few athletes), veterans benefits,
or foster youth benefits, etc.
• UC expects that a student will work fewer than
20 hours per week when enrolled and full-time
when not enrolled.
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Typical undergraduate at UC
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Enrolls full time and graduates in 4.2 years
Works fewer than 20 hours per week
Borrows while enrolled
Obtains employment within 4 months after graduation
Earns an average of $37K with liberal arts BA and
$44K for science and math BS upon graduation
• Has monthly student loan repayments of around
$230/month reflecting loans from UC (based on
current interest rates and a 10-year term—lower
monthly payments are available)
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Financial Assistance for Specific Populations
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Former foster youth
Undocumented students
DACA-eligible students
Families with changed circumstances
U.S. military veterans
Student parents
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For more information:
Paying for UC
http://admission.universityofcalifornia.edu/payingfor-uc/index.html
Ask UC
[email protected]
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