Presentation is loading. Please wait.

Presentation is loading. Please wait.

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

Similar presentations


Presentation on theme: "1 The Real Cost of UC: Financial Aid for the 2013-14 Year Los Alamos High School."— Presentation transcript:

1

2 1 The Real Cost of UC: Financial Aid for the 2013-14 Year Los Alamos High School

3 2 UC Cost of Attendance (‘12-’13) – CA Resident Undergraduate tuition/fees $13,200 (subject to change without notice) health care fee/allowance $1,300 room/board on campus $13,500 books/supplies $1,500 personal and transportation expenses $2,200

4 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/yearEvery 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”It is no longer practical to “work one’s way through college” Finishing in four years saves moneyFinishing in four years saves money 3

5 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***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. 4

6 5 Typical Student Loan & Work Expectation for 2012 -2013 (Total cost on campus: $31,700)

7 6 PLUS Loans Available to most families: maximum that can be borrowed = cost of attendance minus other financial aid (all sources)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 fee7.9 fixed interest rates, 4% loan fee PLUS loan repayment can be reduced or deferred until a student and siblings graduatePLUS 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.

8 7 Campus Financial Aid Resources UC Berkeley (510) 642-6442 www.students.berkeley.edu/faoUC Berkeley (510) 642-6442 www.students.berkeley.edu/fao www.students.berkeley.edu/fao UC Davis (530) 752-2390 www.financialaid.ucdavis.eduUC Davis (530) 752-2390 www.financialaid.ucdavis.edu www.financialaid.ucdavis.edu UC Irvine (949) 824-8262 www.ofas.uci.eduUC Irvine (949) 824-8262 www.ofas.uci.edu www.ofas.uci.edu UC Los Angeles (310) 206-0400 www.fao.ucla.eduUC Los Angeles (310) 206-0400 www.fao.ucla.edu www.fao.ucla.edu UC Merced (209) 228-4243 financialaid.ucmerced.eduUC Merced (209) 228-4243 financialaid.ucmerced.edu UC Riverside (951) 827-3878 www.finaid.ucr.edu UC Riverside (951) 827-3878 www.finaid.ucr.edu UC San Diego (858) 534-4480 www.fao.ucsd.edu UC San Diego (858) 534-4480 www.fao.ucsd.edu www.fao.ucsd.edu UC Santa Barbara (805) 893-2432 www.finaid.ucsb.edu UC Santa Barbara (805) 893-2432 www.finaid.ucsb.edu www.finaid.ucsb.edu UC Santa Cruz (831) 459-2963 www2.ucsc.edu/fin-aid UC Santa Cruz (831) 459-2963 www2.ucsc.edu/fin-aid

9 8 For More Information General Questions to U.S. Dept. of Ed. and FAFSA Processing Issues:General Questions to U.S. Dept. of Ed. and FAFSA Processing Issues:1-800-433-3243 www.ed.gov FEDERAL PIN for Electronic FAFSA:FEDERAL PIN for Electronic FAFSA: www.pin.ed.gov Electronic FAFSA :Electronic FAFSA : www.fafsa.ed.gov California Student Aid Commission (CSAC): California Student Aid Commission (CSAC): www.csac.ca.gov Cal Grant Information Cal Grant Information1-888-224-7268 UC Online Admissions Application UC Online Admissions Application www.universityofcalifornia.edu/ apply www.universityofcalifornia.edu/ apply California Dream Application: California Dream Application: https://dream.csac.ca.gov/ https://dream.csac.ca.gov/https://dream.csac.ca.gov/


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

Similar presentations


Ads by Google