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The Real Cost of UC: Financial Aid for the 2013-14 Year

Los Alamos High School. The Real Cost of UC: Financial Aid for the 2013-14 Year. UC Cost of Attendance (‘12-’13) – CA Resident Undergraduate. personal and transportation expenses $2,200. tuition/fees $13,200 (subject to change without notice). room/board on campus $13,500.

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The Real Cost of UC: Financial Aid for the 2013-14 Year

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  1. Los Alamos High School The Real Cost of UC:Financial Aid for the 2013-14 Year

  2. UC Cost of Attendance (‘12-’13) – CA Resident Undergraduate personal and transportation expenses $2,200 tuition/fees $13,200 (subject to change without notice) room/board on campus $13,500 health care fee/allowance $1,300 books/supplies $1,500

  3. Expect to work and borrow • Every undergraduate seeking financial aid at UC will be expected to work (less than half-time) and to borrow a “manageable amount” of student loans - student loans and student work = $9.5K - $11K/year • It is no longer practical to “work one’s way through college” • Finishing in four years saves money

  4. Coming up with the Parent Contribution: • For dependent students under 24, most* families will be expected to contribute**; in addition, students will be expected to contribute*** * Based on the FAFSA calculation of ability-to-pay – very low- income families will NOT be expected to contribute ** Parent loans (PLUS) are available if parents can’t cover the amount out-of-pocket – no payment during enrollment *** Nearly all dependent UC students seeking financial aid will be expected to work and borrow about $$9.5-$11K/yr.

  5. Typical Student Loan & Work Expectation for 2012 -2013 (Total cost on campus: $31,700)

  6. PLUS Loans • Available to most families: maximum that can be borrowed = cost of attendance minus other financial aid (all sources) • 7.9 fixed interest rates, 4% loan fee • PLUS loan repayment can be reduced or deferred until a student and siblings graduate Students can borrow an additional $4,000 in unsubsidized Stafford loans if family is denied a PLUS.

  7. UC Berkeley(510) 642-6442www.students.berkeley.edu/fao UC Davis(530) 752-2390www.financialaid.ucdavis.edu UC Irvine(949) 824-8262www.ofas.uci.edu UC Los Angeles(310) 206-0400www.fao.ucla.edu UC Merced(209) 228-4243financialaid.ucmerced.edu UC Riverside(951) 827-3878www.finaid.ucr.edu UC San Diego(858) 534-4480www.fao.ucsd.edu UC Santa Barbara(805) 893-2432www.finaid.ucsb.edu UC Santa Cruz(831) 459-2963www2.ucsc.edu/fin-aid Campus Financial Aid Resources

  8. General Questions to U.S. Dept. of Ed. and FAFSA Processing Issues: 1-800-433-3243 www.ed.gov FEDERAL PIN for Electronic FAFSA: www.pin.ed.gov Electronic FAFSA : www.fafsa.ed.gov California Student Aid Commission (CSAC): www.csac.ca.gov Cal Grant Information 1-888-224-7268 UC Online Admissions Application www.universityofcalifornia.edu/apply California Dream Application: https://dream.csac.ca.gov/ For More Information

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