Financial Aid at the University of California

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

Thank you for your interest in the University of California! This presentation is to provide an overview of what UC costs and how students and their families can pay for it. There will be a live session to ask follow-up questions, but we ask that you review this narrated PowerPoint presentation, so that youll have the basics as background for the live discussion of the Real Cost of UC, 2013-14.UC Counselor Conference 2012

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

UC Counselor Conference 2012

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Expect to work and borrowEvery 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/yearIt is no longer practical to work ones way through college Finishing in four years saves money3UC Counselor Conference 2012

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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 cant 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.4UC Counselor Conference 2012

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

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6PLUS 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 isdenied a PLUS.UC Counselor Conference 2012

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7Campus Financial Aid ResourcesUC Berkeley(510) 642-6442www.students.berkeley.edu/faoUC Davis(530) 752-2390www.financialaid.ucdavis.eduUC Irvine(949) 824-8262www.ofas.uci.eduUC Los Angeles(310) 206-0400www.fao.ucla.eduUC Merced(209) 228-4243financialaid.ucmerced.edu UC Riverside(951) 827-3878www.finaid.ucr.edu UC San Diego(858) 534-4480www.fao.ucsd.eduUC Santa Barbara(805) 893-2432www.finaid.ucsb.eduUC Santa Cruz(831) 459-2963www2.ucsc.edu/fin-aid UC Counselor Conference 2012

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8For More InformationGeneral Questions to U.S. Dept. of Ed. and FAFSA Processing Issues: 1-800-433-3243www.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 Applicationwww.universityofcalifornia.edu/applyCalifornia Dream Application: https://dream.csac.ca.gov/

UC Counselor Conference 2012

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Chart21320013001500132002000

Living On Campus: $31,700

Sheet1Fees$13,200Health Care Fee/Allowance$1,300Books & Supplies$1,500Room & Board$13,200Personal/Transportation$2,000

Sheet1

Total Living On Campus 2006-07: $22,860

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Sheet3

Chart194002110012009400170005300940012200101009400240019900

Student Loan and Work ExpectationGrant SupportParent Contribution

Sheet1Independent Student$20K Annual Income$40K Annual Income$60K Annual Income$80K Annual Income$100K Annual IncomeStudent Loan and Work Expectation$11,000$9,400$9,400$9,400$9,400$9,400Grant Support$20,700$22,300$21,100$17,000$12,200$2,400Parent Contribution$0$0$1,200$5,300$10,100$19,900