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Financial Aid, Accessand Success at UCUC College Access & Preparation ForumJune 17, 2016
“It is one of the glories of the University ofCalifornia that, for the most part, itsstudents are poor.It is carrying out the purpose of itsfoundation – to put the children of citizensof small means on the same footing inopportunities for education as the childrenof the rich.”-San Francisco Examiner, 18996/22/20162
“California’s Upward-Mobility Machine”- New York Times, September 16, 2015 UC enrolls a higher percentage of PellGrant recipients than comparable publicuniversities Students with similar academicpreparation perform similarly, no matterthe family income6/22/20163
Blue & Gold Opportunity PlanCalifornia studentswhose families makeup to 80,000 andwho are eligible forfinancial aid will paynothing in tuitionMore than Half CaliforniaUndergraduates Pay No TuitionPay FullTuitionPay PartialTuitionPay NoTuition6/22/20164
Financial Aid StrategyOverview
UC’s financial aid strategy guides howthe University does the following: determines the overall funding needed forUC grants allocates funding to campuses awards funds to individual students.6/22/20166
The Goal: Ensuring that UC is financiallyaccessible to all students admitted under theMaster Plan.The Plan: Based on three key principles UC must acknowledge the full cost of attendance, notjust tuition. Financing a UC education requires a partnershipbetween students, parents, government aid programs,and UC. All students should be expected to make a similar,manageable contribution from loan and work.6/22/20167
UC Considers All Student ExpensesTypical UC Total Cost of Attendance, 2015-16 33,600 20,200Housing, Books &Supplies,Transportation,Health CareTuition/Fees 13,400 0Category 16/22/20168
Financing Partnership in ActionAverage Total Cost of Living On-campus 33,600 30,000 25,000 20,000UC GrantUC GrantParent ContributionCal Grant 15,000 10,000 5,000Pell GrantPell GrantStudent Work & Loan 20K 30K 40K 50K 60K 70K 80K 90K 100K 110K 120K 130K 140K 150KParent Income6/22/20169
Financing Partnership in ActionAverage Total Cost of Living On-campus 33,600 30,000UC GrantParent Contribution 25,000 20,000Cal Grant 15,000 10,000 5,000Fully ImplementedMiddle ClassScholarship ProgramPell GrantStudent Work & Loan 20K 30K 40K 50K 60K 70K 80K 90K 100K 110K 120K 130K 140K 150KParent Income6/22/201610
Self-Help: Average Cumulative Borrowingfor UC Students by Parent Income; 2014-15NationalAverage 40,00080% 35,00070% 30,00060% 25,00050% 20,00040% 15,00030% 10,00020% 5,00010% 0Average BorrowedPercent BorrwingIndependentLess than 27,000 27,000 to 54,000 54,000 to 80,000 80,000 to 107,000 107,000 to 134,000 134,000 to 161,000 161,000and AboveNationalAverage 19,29974% 18,83471% 18,55767% 19,31762% 19,89150% 19,74648% 20,70824% 20,43324% 28,95069%0%6/22/201611
Self-Help: Hours of Student Employment byIncome, 2013 UC Cost of Attendance 1%IndependentLess than 52,000 52,000 to 103,000 103,000 to 155,00017%7%17%24%20%20%60%5%19%40%20%58%50%0%Did not work1-10 hours/week11-20 hours/week 155,000 andaboveAll Students 20 hours per week6/22/201612
Trends in the Parent Income of UCUndergraduates, 2014-15 Constant %22%19%18%16%15%14%14%14%13%80%70%60%50% 161,000 and above23%23%22%22%22%22%22%22% 107,000 to 161,000 54,000 to 107,00040%Less than %8%7%7%7%Independent10%0%2007-08 2008-09 2009-10 2010-11 2011-12 2012-13 2013-14 2014-156/22/201613
Proportion of UC Undergraduate andCalifornia Populations by Income, 2014-1545%40%35%30%25%CaliforniaUC20%15%10%5%0% 54,000 54,000- 107,000 107,000-161,000 161,0006/22/201614
Outcomes
Academic Preparation Index Overall GPA (excluding physical education)reported by freshman applicant for 10th and11th grades of high school Score received on the SAT verbal test in thesitting at which the best total score wasreceived Score received on the SAT math test in thesitting at which the best total score wasreceived(GPA * 1000) (2.5 * (SAT VERBAL SAT MATH)Range 3,700 to 8,5006/22/201616
Parent Income Distribution by AcademicPreparation Index, Students Entering in 1221,0003,320 155K 103K- 155K 52K- 103K 52K2,9831,98206,300 andbelow6,301 to6,801 to6,8007,300Academic Index7,301 to8,5006/22/201617
2-Year Freshman Persistence Rates byEntering Year, Parent Income andAcademic PreparationPercent Persisting After 2 Years10095Academic Index6,300 and BelowAcademic Index6,301 to 6,800Academic Index6,801 to 7,300Academic Index7,301 to 8,50004 05 06 07 08 09 10 11 12 1304 05 06 07 08 09 10 11 12 1304 05 06 07 08 09 10 11 12 1304 05 06 07 08 09 10 11 12 1390858075706560Below 54K 54K- 107K 107K- 161K 161K 6/22/201618
Units Completed After 2 Years by EnteringYear, Parent Income and AcademicPreparationAvg. Units Completed by End of2nd Year130Academic Index6,300 and BelowAcademic Index6,301 to 6,800Academic Index6,801 to 7,300Academic Index7,301 to 8,5001201101009080706004 05 06 07 08 09 10 11 12 1304 05 06 07 08 09 10 11 12 13Below 54K 54K- 107K04 05 06 07 08 09 10 11 12 13 107K- 161K04 05 06 07 08 09 10 11 12 13 161K 6/22/201619
Four- and Six-Year Graduation Rates byEntering Year, Parent Income andAcademic Preparation100Academic Index6,300 and BelowAcademic Index6,301 to 6,800Academic Index6,801 to 7,30002 03 04 05 06 07 08 09 10 1102 03 04 05 06 07 08 09 10 11Academic Index7,301 to 8,50090806-YearRates706050404-YearRates302010002 03 04 05 06 07 08 09 10 11Below 54K 54K- 107K 107K- 161K02 03 04 05 06 07 08 09 10 11 161K 6/22/201620
Financial AidApplication Process
2017-18 FAFSA/CA Dream Application Updates Apply EARLY Fall 2017 applicants can file FAFSA/CADA starting in Oct2016 Applicants can apply for admissions and financial aid at thesame time Using EXACT income data Will use 2015 income data No need to estimate data It is EASIER to complete Transfer tax information with the click of a button using theIRS Data Retrieval Tool (Not available for CA Dream App) Reduces error rates on the FAFSA6/22/201622
2017-18 FAFSA/CA Dream Application Updates Priority Deadline remains MARCH 2, 2017 FAFSA, Calif Dream Act Application, GPA Verification Form UC Institutional Aid, CalGrant; UC financial aid offers will be provided afterstudents has been admitted Freshman admits typically receive notices in late March Transfer admits typically receive notices in May CSAC may notify early applicants of CalGrant eligibility6/22/201623
For More InformationPaying for UCU.S. Dept. of uc1-800-433-3243ed.govUC Admissions deral Student Aid .ed.govCal Grant InformationCalifornia Dream Act gov6/22/201624
Campus Financial Aid ResourcesUC Berkeley(510) 664-9181UCLA(310) 206-0400UC San Diego(858) csd.eduUC Davis(530) 752-2390UC Merced(209) 228-7178UC Santa Barbara(805) ced.edu finaid.ucsb.eduUC Irvine(949) 824-8262UC Riverside(951) 827-3878UC Santa Cruz(831) .ucsc.edu6/22/201625
Thank You!6/22/201626
Jun 22, 2016 · 6/22/2016 11 Self-Help: Average Cumulative Borrowing for UC Students by Parent Income; 201
