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Blue Gold GreenKeeping Education Within ReachJamal CollinsStudent Financial SupportUniversity of California, Office of the President
UC is affordable“California’s Upward-Mobility Machine”The New York Times, September 16, 2015COUNSELOR CONFERENCE 2016
The Real Cost of Attending UCBlue Gold GreenKeeping Education Within Reach
Average UC Cost of Attendance for 2016-17Living on campus: 34,200Most students do notpay the full cost ofattendance. 14,500 13,500room & board42%tuition/fees40% 2,400 1,500personal & transportation books &expensessupplies7%4%COUNSELOR CONFERENCE 2016 2,300health care fee/allowance7%
Net CostNET COST is the key to comparing different college prices.Financial Aid OfferDIRECT COSTSTuition, Fees, Dorms, Meal PlanTOTAL COSTOF ATTENDANCEINDIRECT COSTSGIFT AIDBooks, Suppies, Transporation,Personal Misc. Expenses(all grants scholarships)NET COST(student & parent share of cost)COUNSELOR CONFERENCE 2016
Estimated Net Cost for Student with Family Income of 100,000Living on campus: 28,700 5,500Gift Aid 28,700Net CostCOUNSELOR CONFERENCE 2016
Estimated Net Cost for Student with Family Income of 60,000 28,700Living on campus: 14,200Net Cost 14,200Net CostCOUNSELOR CONFERENCE 2016 20,000Gift Aid
Estimated Net Cost for Student with Family Income of 20,000Living on campus: 9,700 9,700Net Cost 24,500Gift AidCOUNSELOR CONFERENCE 2016
Estimated Net Cost UC by Family IncomeCOUNSELOR CONFERENCE 2016Total COAFamily Income Level 34,200UC 20,000 9,700 40,000 10,300 60,000 14,200 80,000 18,300 100,000 28,700
Financing a UC EducationBlue Gold GreenKeeping Education Within Reach
Financing a UCeducation is apartnership betweenthe student, his or herparents and UC.COUNSELOR CONFERENCE 2016
Financing partnership: Parents are asked to contribute basedon their financial resources Students are asked to contribute byworking part-time and borrowing UC coordinates federal, state, andUniversity resources to meet the restCOUNSELOR CONFERENCE 2016
SAMPLE FINANCING PLANS (On-Campus)Estimated cost (living on campus): 34,200Student Contribution 10,200 9,700 9,700 600 9,700 9,700 9,700 9,700 4,500Parent Contribution 8,600 19,000 22,800 24,000Independentstudent 24,500 20,000COUNSELOR CONFERENCE 2016 23,900 20,000 40,000* 60,000* 15,900 80,000* 5,500 100,000* 1,700Gift Aid 120,000**Could be eligible for the American Opportunity Tax Credit
Parents Based on income & assets and other info on theFAFSA or the California Dream Act Application Custodial parent(s) for dependent studentsunder age 24 Paid through savings, current income, or federalparent loans (PLUS) May be 0 for low-income families.COUNSELOR CONFERENCE 2016
Students: Part-time Work Part-time ( 20 hrs/wk) while enrolled Full-time when not enrolled Job placement assistance is available Not necessarily work-study or UCemploymentCOUNSELOR CONFERENCE 2016
Freshman: Average Loans by IncomeNational 80.0%Average 40,000 35,00070.0% 30,00060.0% 25,00050.0% 20,00040.0% 15,00030.0% 10,00020.0% 5,00010.0% 0Average BorrowedPercent Borrwing0.0%IndependentLess than 27,000 27,000 to 54,000 54,000 to 80,000 80,000 to 107,000 107,000to 134,000 134,000to 161,000 161,000and AboveNationalAverage 24,92478.2% 20,33576.1% 19,91671.4% 20,79066.4% 21,16355.4% 20,82351.0% 21,43541.4% 21,25824.3% 28,95069%COUNSELOR CONFERENCE 2016
Transfer: Average Loans by Income 40,00080.0% 35,00070.0% 30,00060.0% 25,00050.0% 20,00040.0% 15,00030.0% 10,00020.0% 5,00010.0% 0Average BorrowedPercent Borrwing0.0%IndependentLess than 27,000 27,000 to 54,000 54,000 to 80,000 80,000 to 107,000 107,000to 134,000 134,000to 161,000 161,000and Above 17,81372.7% 13,14657.1% 13,01253.8% 13,62950.0% 15,48437.6% 16,11540.1% 18,37332.8% 17,24721.8%COUNSELOR CONFERENCE 2016
UC The Blue Gold provides a minimumpromise of grant money for qualifyingstudents. UC pulls together federal, state, and university grant funding The Middle Class Scholarship for CAundergraduate Scholarship for CA undergraduates Eligible students from families with incomes and assets up to 156,000COUNSELOR CONFERENCE 2016
Blue Gold Opportunity PlanMore than Half California UndergraduatesPay No Tuition at UCPay FullTuition25%Pay PartialTuition20%COUNSELOR CONFERENCE 2016Pay NoTuition55%California students whosefamilies make under 80,000 and who arefinancial aid eligible willpay no systemwide tuitionand fees ( 12,294 for the2016-17 year)
Financial Aid ApplicationProcessBlue Gold GreenKeeping Education Within Reach
2017-18 FAFSA/CA Dream Act Application Updates Apply EARLY Fall 2017 applicants can file FAFSA/CA Dream Act Applicationstarting in Oct 2016 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 EASY to complete Transfer tax information with the click of a button using the IRSData Retrieval Tool (Not available for CA Dream Act App) Reduces error rates on the FAFSACOUNSELOR CONFERENCE 2016
2017-18 FAFSA/CA Dream Act Application Updates Priority Deadline remains MARCH 2, 2017 FAFSA/CA Dream Act Application, GPA Verification Form UC Institutional Aid, Cal Grant; 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 late April CSAC may notify early applicants of Cal Grant eligibilityCOUNSELOR CONFERENCE 2016
Financial Assistance forSpecific PopulationsBlue Gold GreenKeeping Education Within Reach
Undocumented Students May qualify for a nonresident tuition exemption under AB540 and for state and UC financial aid under the CaliforniaDream Act. To obtain AB 540 status, students must have either attended a CA high school for three or more yearsorhave completed the equivalent of 3 years of high school credit fromCA high school plus attended a total of 3 years in a combination ofCA elementary and secondary schools obtain a CA high school diploma or equivalent certify that he or she is taking steps to legalize his or herimmigration status or will do so as soon as eligible to do so (“AB540” application/affidavit). These students must file a California Dream Act Applicationand submit a Cal Grant GPA Verification Form by March 2.COUNSELOR CONFERENCE 2016
Undocumented Students UC has implementing the DREAM Loanprogram to allow undocumented AB 540eligible students to choose to borrow. Outside agency loans, grants orscholarships are the only option if studentsare not eligible for AB 540 status.COUNSELOR CONFERENCE 2016
Undocumented StudentsUndocumentedFinancial Aid Available:PotentiallyEligibleCal GrantsYesCalifornia DREAM LoanYesUC ScholarshipsYesUC GrantsYesUC Work-StudyApplication(s)File byAdditional requirementsMarch 2ndNoneVariesNoneVariesNoneCA Dream ApplicationMarch 2nd (PriorityDeadline)NoneYesCA Dream ApplicationMarch 2nd (Priority Must have work authoriation (DACADeadline)approved) and be eligible for UC aidUC Resident Tuition and Fees orEquivalentYesStatement of Legal Residency(SLR) SupplementalDocumentsVariesNonePrivate Outside Agency AwardsYesVariesVariesNoneCOUNSELOR CONFERENCE 2016CA Dream Application CalGrant GPA Verification FormCA Dream ApplicationUndergraduate AdmissionsApplication CA DreamApplication SupplementalApplication (in some cases)
Former Foster Youth Each UC campus has a coordinator towork with incoming former or currentfoster youth. The campus coordinatorsare a part of the Guardian ScholarsProgram. Current foster youth are “independent” forfinancial aid eligibility. Assistance is available during schoolbreaks.COUNSELOR CONFERENCE 2016
U.S. Military Veterans Most of UC’s student veterans transfer to UC froma community college. Each UC campus has special services available tohelp veterans transition to college. Notify the campus as early as possible about theveteran status of an incoming student. Federal law no longer allows a Vet to havesimultaneously the benefits of both a Cal Grant andalso Chapter 33 education benefits for tuition andfees. Tip: Try to save Chapter 33 benefits to use whenattending a higher cost program!COUNSELOR CONFERENCE 2016
Student Parents UC welcomes student parents. Campuses have support services forstudents with children. Family housing may be available on or nearcampus. Documented child care costs may be addedto the student budget to increase eligibilityfor financial aid.COUNSELOR CONFERENCE 2016
Changed Circumstances When family income or other significantcircumstances change after the filing of theFAFSA or California Dream Act Application,students may petition to have their financialaid awards reconsidered. Each campus has a financial aid appealprocess—check with the financial aid officeon campus.COUNSELOR CONFERENCE 2016
ConclusionBlue Gold GreenKeeping Education Within Reach
Know how the institution communicatesfinancial aid informationFinancial Aid Requirements/AwardNotifications Mailed communications Email communications University portalsCOUNSELOR CONFERENCE 2016
Bring Down ExpensesFinish at UC as soon as possibleApply for outside scholarshipsWork part-timeMake cost-saving choices Roommates Rent required text books Travel cost Choose on-campus meal plan wisely Leave cars at homeCOUNSELOR CONFERENCE 2016
Campus Financial Aid ResourcesUC Berkeley(510) 664-9181UCLA(310) 206-0400UC San Diego(858) .edufao.ucsd.eduUC Davis(530) 752-2390UC Merced(209) 228-7178UC Santa Barbara(805) ced.edufinaid.ucsb.eduUC Irvine(949) 824-8262UC Riverside(951) 827-3878UC Santa Cruz(831) c.eduCOUNSELOR CONFERENCE 2016
For More InformationPaying for ucUC Online Admissions nic FAFSAU.S. Dept. of Ed. &FAFSA Processing1-800-433-3243ed.govFSA ID for FAFSAfsaid.ed.govfafsa.govCalifornia Dream Act Applicationdream.csac.ca.govCOUNSELOR CONFERENCE 2016Cal Grant Information1-888-224-7268csac.ca.gov
Thank you!Blue Gold GreenKeeping Education Within Reach
Campus Financial Aid Resources UC Berkeley UCLA UC San Diego (510) 664-9181 (310) 206-0400 (858) 534-4480 financialaid.berkeley.edu financialaid.ucla.edu fao.ucsd.edu . ofas.uci.edu finaid.ucr.edu financialaid.ucsc.edu. COU
