Blue + Gold = Green
Shawn Brick
Associate Director, Student Financial Support
University of California, Office of the President
UC Transfer Students
Transfer Students at UC
•
15,660 new students transferred
from the CCC’s to UC in Fall 2015
•
50% were first generation
•
46% of all new transfer students are
Pell grant recipients
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Transfer Students at UC
•
38% of CCC transfer students are
independent of parents for financial
aid purposes
•
Over 1,000 transfer students
received an AB 540 award
•
Over 1,200 transfer students
received a Veterans benefit award
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Typical Transfer Student at UC
• Enrolls full time and graduates in 2.4 years
• Works fewer than 20 hours per week
• Borrows while enrolled
• Obtains employment within 4 months after
graduation based on EDD data
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Financial Accessibility
UC is affordable
“California’s Upward-Mobility Machine”
New York Times, September 16, 2015
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Blue + Gold Opportunity Plan
More than Half California Undergraduates
Pay No Tuition at UC
Pay Full
Tuition
Pay Partial
Tuition
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Pay No
Tuition
California students whose
families make under
$80,000 and who are
financial aid eligible will
pay nothing in tuition
Blue + Gold provides a minimum promise of
grant money for qualifying students.
• Students can qualify for grant aid to cover
other educational expenses (e.g., room and
board, books and transportation)
• UC grant and scholarship assistance
averages $16,700 per recipient
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Average UC Cost of Attendance
$40,000
Total cost
includes more
than tuition
$35,000
$30,000
$25,000
$20,000
$15,000
$10,000
$5,000
$0
On Campus
Off Campus
Commuter
Living Expenses
$20,200
$16,200
$11,700
Tuition and Fees
$13,400
$13,400
$13,400
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Most
undergraduates
do not pay full
cost of
attendance
Financing a UC
education is a
partnership between
the student, his or her
parents and UC.
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Financing partnership:
• Parents are asked to contribute based
on their financial resources
• Students are asked to contribute by
working part-time and borrowing
• UC coordinates federal, state, and
University resources to meet the rest
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Parents
• Based on income & assets on the FAFSA
or the California Dream Act Application
• Custodial parent(s) for dependent students
under age 24
• Paid through savings, current income, or
federal parent loans (PLUS)
• May be $0 for low-income families.
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What if parents don’t pay their share?
• UC will attempt to help students find
additional education loans
• A creditworthy U.S. co-signer lowers the
price of private loans
• UC offers loan counseling when a student
leaves UC so their monthly repayment
amount is manageable
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•
•
•
Scholarship for CA undergraduates
Eligible students from families with
incomes and assets up to $150,000
Notified of the actual amount by the
California Student Aid Commission
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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 UC
employment
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Student: Average Loans by Income
National
Average
$40,000
80%
$35,000
70%
$30,000
60%
$25,000
50%
$20,000
40%
$15,000
30%
$10,000
20%
$5,000
10%
$0
Average Borrowed
Percent Borrwing
0%
Independe
nt
Less 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
$161,000
and Above
National
Average
$19,299
74%
$18,834
71%
$18,557
67%
$19,317
62%
$19,891
50%
$19,746
48%
$20,708
24%
$20,433
24%
$28,950
69%
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University
Total cost of attendance
- minus expected parent contribution
- minus student part-time work & loan
-------------------------------------= Federal, state, and university grant
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Financial Aid Tips
New Early FAFSA
• All students should apply
• FAFSA now available in October
• Fall 2017 applicants will file FAFSA in Oct 2016
• Will use 2015 taxes
• Easy download of tax info from IRS
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Admission and Financial Aid Deadlines
AUG 1 – UC admissions application opens
OCT 1 – New FAFSA/DREAM Application opens
NOV 1 – Students submit admissions application
FEB – APR– Students receive admission offers &
financial aid offers
MAY 1 – Freshmen Statement of Intent to Register
JUN 1 – Transfer Statement of Intent to Register
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NET COST is the key to
comparing different
college prices.
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Additional Tips
• Respond in timely manner to requests for
additional documentation
• Loan documents need to be completed
• Explore ways to save
• Finish on time!
• Apply for outside scholarships
• Make cost-saving choices, i.e., no car, roommates
•
Payment plans also available
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Aid for Special Populations
Undocumented Students: AB540
• Nonresident tuition exemption
• CA school for 3 years
• Certify taking steps to legalize status
• Cal Grants, UC Grants & Scholarships
• California Dream Act Application by March 2
• Cal Grant GPA Verification Form by March 2
• CA Dream Loan
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Undocumented Students: DACA
• Deferred Action for Childhood Arrivals
(DACA) entitles students to be employed
• DACA is separate from AB 540 and does
not affect eligibility for financial aid
• Many students will qualify for both DACA
and AB540
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Former Foster Youth
• Current foster youth are “independent” for
financial aid eligibility
• Foster youth benefits are treated as
scholarships, so they do not reduce other grant
• Assistance is available during school breaks
• Each UC campus has a liaison for foster youth
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U.S. Military Veterans
• Most UC student veterans are transfers
• Each UC campus has special services
available to help veterans transition
• Students should notify the campus as early as
possible about their veteran status
•
Tip: Try to save Chapter 33 benefits to use
when attending a higher cost program!
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Student Parents
• UC welcomes student parents
• Support services available
• Family housing may be available
• Documented child care costs may be
added to the student budget to increase
eligibility for financial aid
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Changed Circumstances:
Talk to the Financial Aid Office
• If income or other circumstances
change, students may petition to have
their financial aid re-evaluated
• Each UC campus has a financial aid
appeal process
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Resources
For More Information
Paying for UC
U.S. Dept. of Ed
admission.universityofcalifornia.edu/paying-for-uc
1-800-433-3243
ed.gov
UC Admissions Application
universityofcalifornia.edu/apply
FAFSA
Federal Student Aid ID
studentaid.ed.gov/sa/fafsa/fillingout/fsaid
fafsa.gov
Cal Grant Information
California Dream Act Application
1-888-224-7268
csac.ca.gov
dream.csac.ca.gov
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Campus Financial Aid Resources
UCLA
UC Berkeley
(510) 664-9181 (310) 206-0400
financialaid.berkeley.edu
fao.ucla.edu
UC Merced
UC Davis
(530) 752-2390 (209) 228-7178
financialaid.ucdavis.edu
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fao.ucsd.edu
UC Santa Barbara
(805) 893-2432
financialaid.ucmerced.edu finaid.ucsb.edu
UC Riverside
UC Irvine
(949) 824-8262 (951) 827-3878
www.ofas.uci.edu
UC San Diego
(858) 534-4480
finaid.ucr.edu
UC Santa Cruz
(831) 459-2963
financialaid.ucsc.edu
Thank You!