Transcription
FundingYour FutureThe Ultimate Guideto NavigatingFinancial Aid atUC Berkeley
Financial AidApplicationChecklistTrack your financial aid applicationprocess with thisquick referencechecklist.1. APPLY EVERY YEAR, ASEARLY AS POSSIBLE2. UNDERSTAND YOUR OPTIONSAND AWARD OFFER3. ACCEPT AND MANAGE YOURAWARDS IN CALCENTRALFile your FAFSAor CADAAView your financial aidoffer in CalCentralMonitor your balanceon CalCentralSubmit Cal Grant GPAVerification Form (firsttime students)Learn the conditions ofany gift aid, work-study,or loansFulfill tasks for any loansyou acceptApply for scholarshipsCreate Cal Net ID (firsttime students)Calculate Your Refund orBalance Due WorksheetSubmit Verification(if selected)File an Expected FamilyContribution Appeal(if needed)Enroll in direct depositIf receiving work-study,start looking for a positionRequest a Cost ofAttendance Adjustment(if needed)Meet with a financial aidrepresentative aboutany questionsYou AreBerkeleyYour journey to financing a world-classeducation is beginning. Our goal is to supportyou with comprehensive financial aid andinclude you in the two-thirds of studentsreceiving over 750 million in aid everyyear. The Financial Aid and ScholarshipsOffice welcomes you to your future!SUPPORTING YOU FROM START TO FINISHAt UC Berkeley, you builda financial wellness planfor life and plant seeds ofopportunities for your career. Ourteam of financial aid professionalsare eager to guide you through youraid options and co-create a strategyto fund your education. Support foryou and your family starts with theprograms below.UC TUITIONMapping a plan for your education is easierwhen you know what to budget.That’s why UC Tuition sets a flat tuition rate,including nonresident supplemental tuition, forundergraduates at the time they first enroll atUC Berkeley. UC Tuition allows you and yourfamily to plan without worrying about tuitionincreases from year to year.Your tuition stays at the same amount untilyou graduate (up to six academic years).Covers degree-seeking freshmen andtransfer undergraduates by yearly cohorts.Includes tuition and other required systemwide fees.Campus based fees have a separate processand can vary from year to year.For graduate students, tuition will be adjustedannually based on inflation, remainingessentially flat.Additional Student Benefits:UC Tuition supports funding for financialaid programs.Funds will improve overall student experienceby reducing class sizes, updating facilities, andenhancing student support services.EXPECTED FAMILYCONTRIBUTION APPEALSWe’re always mindful of your future, soif financial changes become a roadblock,we’re ready to help.You can request an Expected FamilyContribution Appeal (EFC) if:Your family is experiencing extenuatingfinancial circumstances.Your family’s current income becomessubstantially less since submitting yourFAFSA or California Dream Act Application.This will allow you to provide a written statement and documentation of your circumstances.Our office reviews appeals and documentation,and makes appropriate adjustments to financialaid offers when possible. The amount of supportyou could receive will depend on the change inyour EFC (cannot be reduced below 0).Changes Generally ConsideredF Reduction or loss of employment or benefitsF Change in marital status after aid applicationwas completedF Reduction or loss of untaxed incomeF One-time, lump sum payment that did nothappen in prior yearsF Out-of-pocket medical expenses, tax liens,or K–12 private school tuitionF Expenses related to a natural disasterSYSTEMWIDE TUITIONand fees may increasefor a student due tounexpected changes inthe University’s budget.Any such increase wouldrequire approval by theBoard of Regents.
Loans and Work-Study Aid OffersEligible students can receive support from loansand work-study jobs.PLANNING YOURFINANCIAL AIDJOURNEYWe are here to guide you throughthe steps in your financial aidjourney.1. APPLY EVERY YEAR,AS EARLY AS POSSIBLEStart by filing a Free Application for FederalStudent Aid (FAFSA) or California DreamAct Application (CADAA) every year.Priority deadline is March 2.Berkeley’s school code is 001312.You automatically apply for all UC, state, andfederal grants and scholarships when you file.California residents applying for the first timemust also submit a Cal Grant GPA VerificationForm by March 2.—fafsa.govdream.csac.ca.govApplication Tips:Double check for duplicate information onyour financial aid applications.We strongly encourage you to also apply foroutside scholarships.Remember to report all external scholarshipsto ensure an accurate aid offer.Aid eligibility is determined yearly and can varybased on funds available and changes in yourapplication, residency status, or housing.2. UNDERSTAND YOUR OPTIONSAND AWARD OFFERLoans Funds that you borrow and repay over aperiod of time with interest, usually after yougraduate. Low-interest federal student loansand flexible payment options are available.3. ACCEPT AND MANAGE YOURAWARDS IN CALCENTRALUse CalCentral to access and updateyour financial aid information.Key features to make your life easy:F View Awards under the “My Finances” link.We offer programs and tools to help youlearn and strategize.Accept all or part of any loan(s) in CalCentralwith tasks that lead you through all neededsteps.F Delegate Access to allow a family memberor supporter to help manage your studentaccount.Learn about any conditions of your gift aid(scholarships and grants) and work-studyoptions.It is important to understand the terms andconditions of loans and your responsibilitiesas a borrower. Learn more online.F Complete Required Tasks as early aspossible to ensure funds are ready by thestart of the term.Take time to understand and ask questionsabout budgeting and any financialcommitments like loans and fees.Use the Estimate Your Refund or Balance DueWorksheet to see how much financial aid youcould receive.If financial circumstances change, file anExpected Family Contribution Appeal.Gift Aid Award OffersGift aid is awarded according to merit and/orneed (based on your application). Gift aidis automatically accepted for you and norepayment is udy Awarded on the basis of needand allows you to earn money by workinga part-time job.Like any job, you apply for a position, gethired, and are paid directly based on theemployer's pay schedule.Accept your work-study award as soon as itis offered to you if you plan to use it duringthe year.—workstudy.berkeley.eduScholarships Awarded on the basis of academic merit and financial need. Will varyin amount, duration, and requirements.Grants Awarded from federal, state, anduniversity funds according to yourfinancial need.Out-of-State StudentsFinancial aid from the State of Californiaand need-based institutional grants are notavailable to nonresidents (students whoseparents live outside the state).Obtaining residency can be challenging.We encourage families to develop a multiyear financial plan and understandresidency requirements and allfunding options.F Enroll in Direct Deposit to expedite refunds.F Financial aid funds will pay your bill directlyon CalCentral.—Access CalCentral via theMAP@Berkeley applicationportal or your CalNet ID.
CALCULATE YOURREFUND OR BALANCEDUE WORKSHEETWONCE YOU HAVE CHOSEN BERKELEYVerificationVerification helps to ensure financial aid awardsare as accurate as possible. We are only able todisburse federal or state aid after verificationis complete. If you’re selected, verification willappear as a financial aid task in CalCentral.HOW AID WORKSEverything you need to manage your financial aidis under the “My Finances” section in CalCentral.Check your account regularly to stay currentwith your finances and updated balance.Disbursements & RefundsWe have you covered with easy access to yourfunds.Aid begins disbursing around ten days beforethe start of a term.Funds will first pay your bill directly onCalCentral.If your aid covers less than your bill, you will beresponsible for paying the remaining balance.If your aid covers more than your bill (andyour term balance is paid in full), you willreceive a refund.Aid will apply to the oldest charges in thecurrent or prior term of the same academicyear first, but does not apply to prior year orfuture charges.Be sure to sign up for Direct Deposit throughCalCentral for quick and easy deposits ofrefunds.We want to help you plan and discover the financialavenues available to you. Share this worksheet with arepresentative from the Financial Aid and ScholarshipsOffice. We’ll answer your questions and guide youthrough your options.New admits, accept your offer of admissionand create a CalNet ID to start tion-processCost of Attendance AdjustmentWe understand finances change. If you incurexpenses during the academic year that arehigher than standard, we may be able to increaseyour budget—and financial aid eligibility—witha Cost of Attendance (COA) Adjustment.1.CALCULATE YOUR TOTALCHARGES FOR THE TERMExpenses often considered include:FILL IN this column with youractual charges for tuition, SHIP, NewStudent Programming, and on-campushousing (residence halls or on-campusapartments). Add the amounts andwrite the total under “Total Chargesfor Term.”F Rent and utilities or housing costsF Computer purchase (every three years)F Special books and suppliesF TransportationF Childcare expensesNote: Charges will appear on youraccount about a month before the startof the term. You may not have everytype of charge on your billing statement.F Uninsured medical, dental, or optical expensesF Relocation expenses (for entering studentsliving off-campus)UC TUITION – CA RESIDENT NON-RESIDENT SUPPLEMENTAL TUITION CAMPUS FEES STUDENT HEALTH INSURANCE PLAN (SHIP) NEW STUDENT PROGRAMMING FEE ON-CAMPUS HOUSING—ALL ESTIMATED VALUES are subject to theavailability of funding. Some applicants may beasked for more detailed information throughour verification process, which could impactthe estimated financial aid. Register at berkeley.verifymyfafsa.com if selected for ance-adjustmentTEAR-OFFMoving forward with youreducation at UC Berkeley will belife changing. With planning, theright tools, and our support, youwill be well equipped for yoursuccessful financial well-being incollege and beyond.hat balance can you expect after financialaid is applied? Compare your charges toyour financial aid: the total is your expectedbalance (refund or amount due) after financial aid hasbeen disbursed to cover tuition, fees, and other costsof attendance. TOTAL CHARGES FOR TERM
fiPLANNING YOUR FUTURE SUCCESSTOTAL CHARGES FOR TERM 2.CALCULATE THE FINANCIALAID THAT WILL PAYYOUR CHARGESFILL IN the awards and loans withyour actual amounts from CalCentralfor the term. If you are receiving awards thatare not listed, such as outsidescholarships, add under“Other Gift Aid.” Do not include work-study, asyour work-study earnings will bepaid directly to you and will notpay fees and other charges onyour billing account. Only include loans you planon accepting.Add the amounts and write the sumunder “Total Awards for Term.”Note: You may not have every type ofaward in your financial aid package.UC BERKELEY RESERVES THE RIGHTto adjust awards to correct any awardingerrors. Changes to qualifying informationor revisions of federal, state, or institutionalpolicy may result in updates to aid eligibilityand adjustments of financial aid awards.Information is subject to change.Financing an education is apartnership. We want to help youmaximize all of the aid you areeligible for and ensure that yougraduate with the lowest amountof debt possible.AWARDS & LOANSIn CalCentral, click “View Awards by Term” at the top ofthe awards box or click each award link individually.Gift AidFEDERAL PELL GRANT FEDERAL SEOG GRANT CAL GRANT FEE AWARD BERKELEY GRANT/SCHOLARSHIPS OTHER GIFT AID LoansWE HAVE MANY TOOLS AND ONLINERESOURCES THAT SIMPLIFY HOW YOU CANBUDGET AND STRATEGIZE, INCLUDING:FEDERAL DIRECT SUBSIDIZED LOAN FEDERAL DIRECT UNSUBSIDIZED LOANBERKELEY LOAN CALIFORNIA DREAM LOAN PLUS LOAN TOTAL AWARDS FOR TERMPeer-to-peer financial wellness program thathelps you cultivate best practices for moneymanagement.Cost of Attendance Expenses may be adjustedon a case-by-case basis. Possible consideredexpenses are:Offers workshops and one-on-one appointments tohelp you manage your personal finances in collegeand prepare you for your uccess F Dependent food and personal expenses:iGRAD PERSONAL FINANCE TOOLiGrad helps you build a foundation for yourfuture financial success.Improve your money management, career skills,and student loan savvy with video tips, quickfinancial lessons, and custom job searches.Complete a financial assessment to create apersonalized resource dashboard and access moreservices.3.YOUR REFUNDOR BALANCE DUEBALANCE DUE OR REFUNDTO STUDENT FOR TERM—ucberkeley.igrad.com Note: Contact an advisor aboutyour financial aid by opening acase via Cal Student Central:studentcentral.berkeley.eduadjustments for these expenses are automatic.F Rent & mortgage: for housing expenses thatmay be higher than the standard cost.F Relocation expenses: driving? Save your gas SUBTRACT your total awards fromyour total charges and writedown the amount here.Student Parents Grant If you have a dependentchild under the age of 18, for whom you providemore than 50% of their support, you may qualifyfor additional support.BEARS FOR FINANCIAL SUCCESS—OTHER LOANSAttending college with a family can takeintentional planning. UC Berkeley hasdedicated resources to help you plan.Reduced Course Load Taking fewer units helpsmany students manage parenting responsibilities(note: check any grant eligibility requirements ifenrolling with fewer than 12 units). SUPPORT FOR STUDENT-PARENTSand/or truck rental receipts.F Childcare expenses: for children 13 and under.F Computer: 3,000 maximum adjustment tohelp with the purchase of a computer(allowed every three dependentsPlant the seedsof your futurecareer successat UC Berkeley.TEAR-OFF
WHAT IS THEINVESTMENT INYOUR FUTURE?WHAT SHOULD I BUDGET FORMY PERSONAL EXPENSES?WHAT ARE MY DIRECTCOSTS TO UC BERKELEY?Below are estimated costs for anacademic year at UC Berkeley beforeincluding financial aid. Not shown isthe immense value your experienceat Berkeley offers in return. You willhave access to the combination ofhigh quality education and robustfinancial aid that continually placesBerkeley among the top universitiesfor upward mobility. Your goldenfuture awaits!DIRECT COSTS are what you pay directly tothe University of California, Berkeley. Financialaid reduces these costs and will cover the costof tuition and fees for over a third of Berkeleystudents.2022-23 ESTIMATED COSTS for undergraduate students.Actual tuition, fees, and charges are subject to change by theRegents of the University of California. Final approved 2022–23tuition and fee levels may be higher or lower than the amountspresented here. For updated figures: financialaid.berkeley.edu/cost-attendance.WHAT IS THE TOTAL EXPECTEDCOST BEFORE FINANCIAL AID?TOTAL EXPECTED COST combines direct costsand personal expenses to estimate the fundingyou will need for educational expenses for a yearat Berkeley.A majority of students receive aid thatlowers these amounts. View your net cost inCalCentral for an estimate of your yearly costsafter accounting for grants and scholarships.RESIDENCE HALLS 43, 528ON-CAMPUS APARTMENTS 42,614OFF-CAMPUS APARTMENTS PARTMENTSTuition and Fees 14,760 14,760 14,760Room and Board 19,386 15,480—Health Insurance 4,072 4,072 4,072TOTAL DIRECT COSTS 38 , 218 34 , 312 18 , 832My living arrangementTuitionandandFeesFees Set amount charged by theTuitionuniversity. Out-of-state students pay an additionalNonresident Supplemental Tuition of 31,026.Room andand BoardBoard Charges for University housing.Varies based on your residence hall, apartment,or family housing assignment.HealthInsurance Students can receive extraHealth Insuranceaid to cover this requirement. May be waived forpersonal insurance that is equivalent or better(file waiver by July 1).PERSONAL EXPENSES are expected indirectcosts not billed to your student account. Yourfinancial aid refund and/or work-study earnings,if you receive them, will help cover theseexpenses. You control these costs, soamounts will vary.My living MPUSAPARTMENTSHousing and Utilities—— 11,462Additional Food 1,648 4,640 4,780Books and Other Costs 3,662 3,662 3,876TOTAL ESTIMATEDPERSONAL EXPENSES 5, 310 8 , 302 20, 1182022-23 ESTIMATED AVERAGE BUDGET for undergraduatestudents based on a reasonable cost of completing an academicyear at UC Berkeley.Housing and Utilities Expenses are for ninemonths ( 1,300/month).Additional Food For apartments, divideamounts by 9 to develop a monthly food budget.Buying bulk and cooking at home help makethis economical.Books and Other Costs Budgeting and aspending plan are key to managing costs likeschool supplies, off-campus transportation,and additional living expenses. Your studentbus pass will get you around for free.We’re Here toSupport You onYour FinancialAid JourneyVisit our website for in depthdetail about the financial aidprocess, types of aid, and toolsto help you plan your future atUC Berkeley and beyond.financialaid.berkeley.eduContact Cal Student Central oropen a case online to get in touchwith a financial aid advisor.———CAL STUDENT CENTRAL510.664.9181———OPEN A CASEstudentcentral.berkeley.edu
University of California, Berkeley103 Sproul HallBerkeley, CA 94720PRESORTEDFIRST-CLASS MAILU.S. POSTAGE PAIDUNIVERSITY OFCALIFORNIA
FINANCIALAID.BERKELEY.EDU
F Out-of-pocket medical expenses, tax liens, or K-12 private school tuition F Expenses related to a natural disaster Your journey to financing a world-class education is beginning. Our goal is to support you with comprehensive financial aid and include you in the two-thirds of students receiving over 750 million in aid every year.
